Wockhardt jumps over 4% on strong quarterly results

The consolidated net profit increased 14 percent year-on-year to Rs 347 crore led by strong operational income and other income

Shares of Wockhardt are trading higher by 4.5% to Rs 1,237 on the BSE on strong quarterly results. The consolidated net profit of the company increased 14 percent year-on-year to Rs 347 crore led by strong operational income and other income. 

Meanwhile, the consolidated total income rose 11.8 percent to Rs 1,382 crore during October-December quarter from Rs 1,236.4 crore in the year-ago period and the operating profit (EBITDA) surged 92.4 percent on yearly basis to Rs 463 crore and operating profit margin spiked a whopping 1400 basis points to 33.5 percent in the quarter ended December 2014.

Other income jumped 4.5 times year-on-year to Rs 28.5 crore while finance cost declined to Rs 12 crore from Rs 30.5 crore during the same period.

However,  it reported a forex loss of Rs 34.5 crore for the quarter as against gain of Rs 79.94 crore in the year-ago period and a prominent drop in the total expenses to Rs 956.13 crore from Rs 1030 crore .

The stock opened at Rs 1,191, touched a high of Rs 1,250 on the BSE. A total of 458,317 shares have changed hands on the BSE so far.