Wockhardt Q1 net nearly doubles at Rs 378 crore

Shares in Wockhardt jumped nearly 5 per cent after the drug maker reported strong growth in the June quarter.

Net sales jumped 35 per cent year-on-year at Rs 1,426 crore against Rs 1,053 crore last year, while quarterly net profit soared 93 per cent yoy at Rs 378 crore over Rs 196 crore last year.
A brokers' poll conducted by NDTV Profit estimated revenues at Rs 1,311 crore and net at Rs 278 crore.

Wockhardt also reported one-time loss of Rs 6.61 crore.

At 12.05 p.m., the stock traded 4 per cent higher at Rs 1,052, outperforming the broader BSE healthcare index, which traded 1 per cent higher.