Wockhardt jumps after reporting turnaround in Q4

The company announced Q4 results during trading hours today, 27 May 2013.

Meanwhile, the S&P BSE Sensex was up 181.55 points or 0.92% at 19,885.88.

On BSE, 4.54 lakh shares were traded in the counter as against average daily volume of 74,839 shares in the past one quarter.

The stock hit a high of Rs 1,325 and a low of Rs 1,251 so far during the day. The stock had hit a record high of Rs 2,166.05 on 12 March 2013. The stock had hit a 52-week low of Rs 766.10 on 25 May 2012.

The stock had underperformed the market over the past one month till 24 May 2013, sliding 33.51% compared with the Sensex's 2.74% rise. The scrip had also underperformed the market in past one quarter, declining 36.32% as against Sensex's 2.01% gain.

The large-cap company has equity capital of Rs 54.79 crore. Face value per share is Rs 5.

Wockhardt's consolidated total income from operations rose 26.36% to Rs 1485.50 crore in Q4 March 2013 over Q4 March 2012.

Wockhardt reported an exceptional item loss of Rs 10.72 crore in Q4 March 2013, as against loss of Rs 396 crore in Q4 March 2012. Also, there is a gain from foreign exchange (forex) of Rs 25.39 crore in Q4 March 2013, as against forex loss of Rs 54.79 crore in Q4 March 2012.

Wockhardt's consolidated net profit galloped 365.15% to Rs 1594.12 crore on 28.93% growth in total income from operations to Rs 5609.42 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

There was an exceptional item gain of Rs 61.52 crore in FY 2013, as against loss of Rs 473.77 crore in FY 2012.

Wockhardt's board of directors at a meeting held today, 27 May 2013, recommended dividend of Rs 5 per share for FY 2013.

Wockhardt is a high-technology intensive global pharmaceutical and biotechnology company with multi-disciplinary and innovative R&D programmes. It has three research centres globally and manufacturing facilities across India, USA, UK and Ireland. The company has a significant presence in USA, Europe and India, with 80% of its global revenues coming from international businesses.

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