
Shares of Wockhardt Ltd. rebounded from initial losses on Wednesday as the company revealed a reduction in net losses for the September quarter. The net loss for the quarter stood at ₹95 crore, reflecting a significant improvement from the ₹263 crore loss reported in the same period last year.
Despite initial market fluctuations, the pharmaceutical company showcased resilience, reporting a notable 11% increase in revenue. The revenue for the September quarter reached ₹753 crore, a positive upswing from ₹679 crore recorded in the corresponding quarter of the previous fiscal year.
As of 11:42 am, Wockhardt Ltd. shares exhibited a slight dip, trading 0.44% lower at ₹283.75. The narrowed net loss and improved revenue figures contribute to the company’s overall performance and investor sentiment.