Wockhardt has reported narrowing of its consolidated net loss to Rs 86 crore for the quarter ended June 2018 against a loss of Rs 410 crore in the same period a year ago.
Consolidated revenue from sales increased by 13.13 per cent to Rs 1,008 crore during the reported quarter from Rs 891 crore in the corresponding period of 2017-18, the company said.
“The business performance of the company during the quarter ended June 30, 2018 showed marked improvement with a sales growth of 13 per cent compared with the similar quarter of the previous year driven by growth in US, lndia business and growing emerging markets,” the company said in a statement today.
India, US and Irish businesses of the company grew 30 per cent, 20 per cent and 7 per cent, respectively, while there was a de-growth of 7 per cent in the UK business.
Research and development expenditure during the quarter stood at Rs 61 crore (6 per cent of sales) and including capital expenditure, it was at 8.3 per cent of sales. “Capital expenditure during the quarter was Rs 73 crore,” the statement said.