Wockhardt has reported its consolidated revenue of Rs 5610 crores, and a Profit After Tax (PAT) of Rs 1594 crores in the Financial Year 2012‐13. The PAT margin is at 28.4 per cent. Consolidated revenues showed a growth of 29 per cent and the PAT grew by 365 per cent over financial year 2011‐12 respectively. Wockhardt’s operating profit for financial year 2012‐13 stands at Rs 2091 crores, with operating profit margin at 37.3 per cent, one of the highest in the industry and has improved from 31.6 per cent in financial year 2011‐12.
According to Dr Habil Khorakiwala, Founder Chairman and Group Chief Executive Officer, Wockhardt, “The strong growth that we have achieved in this financial year is the result of a robust global strategy, continued focus on R&D and the commitment and confidence of Team Wockhardt. Driving profitable growth is integral to our business strategy.”
In quarter ended March 31, 2013, PAT for Q4FY13 stood at Rs 335 crores compared to a loss of Rs 192 crores reported in corresponding quarter in the previous year. The operating profit was at Rs 546 crores for Q4FY13, representing a growth of 32 per cent over corresponding quarter in the previous year.
Operating profit margins were at 36.7 per cent for Q4FY13. Consolidated revenues grew by 26 per cent to Rs 1486 crores over the corresponding quarter in the previous year.
EP News Bureau- Mumbai
