Wockhardt Q2 net at Rs 3.63 crore

Pharmaceuticals major Wockhardt Ltd today reported a consolidated net profit of Rs 3.63 crore for the second quarter ended September 30, 2014, due to lower sales and a tax expense of Rs 74.98 crore.

The company had posted a consolidated net profit of Rs 138.50 crore in the same quarter last fiscal, Wockhardt Ltd said in a filing to the BSE.

Net sales during the period under review stood at Rs 947.86 crore, down 20.81% as against Rs 1,196.97 crore in the year-ago quarter.

Wockhardt had reported negative tax of Rs 8.78 crore in the corresponding period last year.

The company also said that its board of directors has declared an interim dividend of Rs 20 per share for the financial year 2014-15.

Shares of Wockhardt settled at Rs 770.40 on the BSE, up 1.52% from previous close.