Wanbury slumps as net loss widens in September quarter

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Capital Market
Last Updated : Nov 27 2014 | 9:25 PM IST

Wanbury was locked at 5% lower circuit at Rs 45.40 at 9:48 IST on BSE after the company reported a net loss of Rs 261.48 crore in the quarter ended 30 September 2014, higher than net loss of Rs 2.59 crore in the quarter ended 30 September 2013.

The result was announced after market hours on Wednesday, 26 November 2014.

Meanwhile, the S&P BSE Sensex was up 2.23 points or 0.01% at 28,388.42.

On BSE, so far 2,700 shares were traded in the counter as against average daily volume of 29,000 shares in the past two weeks.

The stock opened with a downward gap falling by the maximum permissible level of 5% and remained locked at 5% level at Rs 45.40 so far in the day.

Wanbury's total income from operations rose 11.32% to Rs 123.03 crore the quarter ended 30 September 2014 over the quarter ended 30 September 2013.

Wanbury is a pharmaceutical firm. It has a strong presence in API global market and domestic branded formulation.

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First Published: Nov 27 2014 | 9:46 AM IST

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