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.
As many as a combined 1.7 million shares have already changed hands on the counter so far, as against an average sub 700,000 shares that were traded daily in past ten trading days on both the exchanges.