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Published on 11/05/2020 3:58:38 PM | Source: Dion Global Solutions Ltd

Wockhardt posts Q4 net loss of Rs 78.48 cr

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The company reported standalone net loss during the quarter stood at Rs 78.48 crore as compared to net loss of Rs 33.52 crore in the previous year quarter. Net revenue of the company declined substantially by 65.30 per cent at Rs 162.21 crore in January-March quarter of this fiscal as against Rs 467.40 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 53.22 per cent to Rs 222.54 crore from Rs 475.71 crore in year ago period.

Other Income grew by 50.42 per cent at Rs 12.62 crore versus (Mar'19 Rs 8.39 crore). Operating Profit surged by 625.99 per cent to Rs -60.33 crore as against Rs -8.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1989.33 per cent in March quarter. Interest grew by 22.57 per cent y-o-y to Rs 58.05 crore, while Taxation increased by 5.63 per cent at Rs -51.98 crore (Mar'19 Rs -49.21 crore).