Wockhardt Q2 net profit at Rs.69.1 Crores

Wockhardt Ltd has announced the following Un-Audited results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 691 million for the quarter ended June 30, 2007 as compared to Rs 495 million for the quarter ended June 30, 2006. Total Income has increased from Rs 2931 million for the quarter ended June 30, 2006 to Rs 3069 million for the quarter ended June 30, 2007.

The Consolidated results are as follows: The Group has posted a profit after tax of Rs 1024 million for the quarter ended June 30, 2007 as compared to Rs 634 million for the quarter ended June 30, 2006. Total Income has increased from Rs 4145 million for the quarter ended June 30, 2006 to Rs 6328 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.6.31 for the quarter ended June 30, 2007 compared to Rs.4.53 during quarter ended June 30, 2006.

The stock closed the day at Rs.382.90, down by Rs.5.60 or 1.44%. The total traded quantity was 33456 compared to 2 week average of 44143. The stock hit an intraday high of Rs.392.80 and low of Rs.378.95.

Source : Equity Bulls

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