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Wockhardt net loss narrows to 14.47 crore

Wockhardt had posted a net loss of 154.55 crore for the corresponding period of the previous fiscalWockhardt shares closed at 408.65 per scrip on the BSE, up 0.41% from its previous close

New Delhi: Drug firm Wockhardt on Monday reported narrowing of consolidated net loss of 14.47 crore for the quarter ended March 2019.

The company had posted a net loss of 154.55 crore for the corresponding period of the previous fiscal, Wockhardt said in a filing to the BSE.

Consolidated revenue from operations of the company stood at 979.13 crore for the quarter under consideration. It was 1,018.26 crore for the corresponding period a year ago.

For the fiscal year ended March this year, its net loss stood at 194.53 crore as against 608.30 crore for the previous fiscal year.

Consolidated revenue from operations for the recently concluded fiscal year stood at 4,158.38 crore. It was 3,936.90 crore for the previous year.

Shares of Wockhardt closed at 408.65 per scrip on the BSE, up 0.41% from its previous close.

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