Mumbai-based Wockhardt posted a net profit of Rs 161.8 crore for the fourth quarter ended March 31, against a net loss of Rs 565.1 crore in the same period last year. Net sales stood at Rs 938.7 crore. It had earned Rs 871.9 crore in the year-ago period.
However, on the back of lower loss from exceptional items, the company's consolidated net profit for the year ended March stood at Rs 90.5 crore. It had posted a net loss of Rs 1,000 crore for the 15 months ended March 2010. The company has shown exceptional loss of Rs 573 crore, against Rs 1,295 crore last year.
Net sales for the year stood at Rs 3,751 crore against Rs 4,501.4 crore for the 15 months ended March 2010. Shares of Wockhardt closed at Rs 337.4, down 2.7 per cent on the Bombay Stock Exchange on Thursday.
The company deposited a sum of Rs 15 crore with the Bombay High Court in respect of ad-interim relief granted in respect of winding-up petitions filed by certain lenders/banks.
