Wockhardt posts consolidated net loss Rs 6.58 cr loss for June quarter

Wockhardt posts consolidated net loss Rs 6.58 cr loss for June quarter

PTIUpdated: Thursday, July 22, 2021, 03:36 PM IST
article-image
Representational Pic |

Drug firm Wockhardt on Thursday reported a consolidated net loss of Rs 6.58 crore for the quarter ended on June 30, 2021.

The company had posted a net profit of Rs 759.75 crore for the corresponding period of the previous fiscal, Wockhardt said in a filing to BSE stock exchange.

The company in the first quarter of the fiscal year ended March 2021 had a one-time exceptional gain of Rs 1,328 crore, it added.

Consolidated revenue from continuing operations of the company stood at Rs 859.55 crore for the quarter under consideration against Rs 598.27 crore for the same period a year ago, the filing said.

Net Debt-Equity ratio as of June 30, 2021, stood at 0.55, Wockhardt said. Research and development expenditure during the quarter was at Rs.34 crore, it added.

"Four patents were filed during the quarter ended 30th June, 2021 and the cumulative filings till date are 3,191. The company was granted three patents during the quarter and now holds 766 patents," Wockhardt said.

Shares of Wockhardt were trading at Rs 567.25 on BSE, up 1.80 per cent from the previous close.

RECENT STORIES

Lakshadweep Investors’ Meet Attracts Over ₹500 Cr Proposals, Boosting Blue Economy In Fisheries,...

Lakshadweep Investors’ Meet Attracts Over ₹500 Cr Proposals, Boosting Blue Economy In Fisheries,...

Gold, Silver Outlook: Bullish Trend Intact Despite Profit Booking, Say Experts

Gold, Silver Outlook: Bullish Trend Intact Despite Profit Booking, Say Experts

8th Pay Commission Raises Big Question On Pensioners DA, Government Breaks Silence On Viral Claim

8th Pay Commission Raises Big Question On Pensioners DA, Government Breaks Silence On Viral Claim

IPO Market Stays Busy Next Week, KSH International Leads Four New Issues As 15 Stocks Set To List

IPO Market Stays Busy Next Week, KSH International Leads Four New Issues As 15 Stocks Set To List

Godrej Properties Logs ₹2,600-Crore Sales In Debut Year At Hyderabad, Gears Up to Scale Presence...

Godrej Properties Logs ₹2,600-Crore Sales In Debut Year At Hyderabad, Gears Up to Scale Presence...