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Wockhardt Q3 Net Up 14% to Rs 347.25 Crore

New Delhi: Pharmaceuticals major Wockhardt today reported 14.05 per cent increase in consolidated net profit at Rs 347.25 crore for the third quarter ended December 31, 2014-15.

It had posted net profit of Rs 304.45 crore in the October-December quarter of 2013-14, Wockhardt said in a filing to the BSE.

Wockhardt's net sales during the quarter under review were at Rs 1,382.05 crore, up 11.78 per cent from Rs 1,236.35 crore in the year-ago period.

Overall expenses during the third quarter of the current fiscal were at Rs 956.13 crore, down 7.16 per cent compared with Rs 1,029.95 crore a year ago.

Meanwhile, in a separate filing, Wockhardt's Board also approved re-appointment of its Managing Director Habil Khorakiwala for a period of five years from March 31, 2015 to February 29, 2020.

Wockhardt shares ended at Rs 1,299 apiece, up 9.93 per cent from their previous close, on the NSE.