Wockhardt surges as Q1 net almost doubles, Q1 net profit at Rs 378-crore against Rs 194 crore in year ago quarter, Latest stock price
Wockhardt Limited has surged over 7% to Rs 1,085, also its all-time high, after reporting a strong 94% year-on-year (yoy) growth in consolidated net profit at Rs 378 crore for the quarter ended June 2012 on back of higher income. Net sales grew 35% at Rs 1,426 crore on year-on-year basis.
The pharmaceutical company had a net profit of Rs 194 crore in year ago quarter and a loss of Rs 192 crore in previous quarter.
Operating profit jumped 62% at Rs 511 crore on year-on-year basis, while operating margins improved by over 500 basis points at 35.8% during the recently concluded quarter.
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