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

Telangana Government's Big Decision On Work Hours, Now Only This Much Work Required Daily

Telangana Government's Big Decision On Work Hours, Now Only This Much Work Required Daily

PM-Kisan 20th Installment Likely On This Date, Here's How To Check Your Status

PM-Kisan 20th Installment Likely On This Date, Here's How To Check Your Status

Public Sector Banks To Recruit 50,000 Staff In FY26 Amid Growth Push; SBI To Hire 20,000 Alone

Public Sector Banks To Recruit 50,000 Staff In FY26 Amid Growth Push; SBI To Hire 20,000 Alone

'India Needs 10 Percent Nominal GDP Growth Annually To Meet Viksit Bharat Goal By 2047,' Says CII...

'India Needs 10 Percent Nominal GDP Growth Annually To Meet Viksit Bharat Goal By 2047,' Says CII...

Who Is Nihal Modi & Why Was He Arrested In The US, How ED & CBI Caught Him?

Who Is Nihal Modi & Why Was He Arrested In The US, How ED & CBI Caught Him?