Wockhardt Q2 net dips 69 pc to Rs 138 crore

Pharmaceuticals major Wockhardt Ltd on Friday reported 69.46 per cent decline in its consolidated net profit for the second quarter ended September 30, 2013 at Rs 138.50 crore (Rs 1.38 billion).

The company had posted a consolidated net profit of Rs 453.55 crore (Rs 4.53 billion) in the same quarter last fiscal, Wockhardt Ltd said in a filing to the BSE.

Net sales during the period under review stood at Rs 1,196.97 crore (Rs 11.96 billion) as against Rs 1,347.44 crore (Rs 13.47 bllion) in the year-ago quarter.

The company also said its Board of Directors have declared an 100 per cent interim dividend of Rs 5 per share for the financial year 2013-14.

Shares of Wockhardt were trading at Rs 457.85 on the BSE in late afternoon trade, down 0.43 per cent from its previous close.