Earnings: Wockhardt Q3 profit up 14% to Rs 347.25 cr

Wockhardt Ltd today reported 14.05 percent increase in consolidated net profit at Rs 347.25 crore for the third quarter ended December 31, 2014-15.

FP Archives|Feb 04, 2015, 15:53:27 IST

New Delhi: Pharmaceuticals major Wockhardt Ltd today reported 14.05 percent 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 Ltd 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 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 were trading at Rs 1,233.85 apiece, up 4.35 per cent from their previous close, on the BSE.PTI

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