Q1 FY21 Results: Wockhardt Ltd posts net profit of Rs 760 crore, 1700% rise YoY

Mumbai based Wockhardt Ltd. today reported a net profit of Rs 760.06 crore for the period ended June 30, 2020 as against net profit of Rs 48.29 crore for the previous quarter, period ended March 31, 2020. The company had posted a loss of Rs 44.98 crore in Q1 FY20, resulting in 1700% rise YoY.
The company who owns the chain of Wockhardt Hospitals has reported total income of Rs 606.22 crore during the Q1 FY21 period.

Mumbai based Wockhardt Ltd. today reported a net profit of Rs 760.06 crore for the period ended June 30, 2020 as against net profit of Rs 48.29 crore for the previous quarter, period ended March 31, 2020. The company had posted a loss of Rs 44.98 crore in Q1 FY20, resulting in 1700% rise YoY.

The company who owns the chain of Wockhardt Hospitals has reported total income of Rs 606.22 crore during the Q1 FY21 period ended June 30, 2020 as compared to Rs 700.66 crore during the period ended March 31, 2020. The income has fallen 17% YoY as compared to Rs 733.66 crore during the Q1 FY20 period ended June 30, 2019.

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The global pharmaceutical and biotechnology company has reported EPS of Rs 68.37 for the Q1 FY21 period ended June 30, 2020 as compared to Rs 4.34 in the previous quarter.

As per the BSE regulatory filing the company stated, “UK Business during the quarter stood at Rs.218 crore in Q1FY21 (PY Rs.225 crore). UK Business contributed about 33% of Global Revenue. India Business stood at Rs.116 crore in Q1FY21 as compared to Rs.244 crore in Q1FY20. De-growth is mainly on account of lower sales in Quality Generics division and in some of the therapeutic areas. India Business contributed 18% of the Global Revenue.

On August 28th, the share closed at Rs 329.45 on the NSE.