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HomeMarket NewsWockhardt shares gain 3% after positive Q3 results across parameters
Wockhardt's earnings before interest, tax, depreciation and amortisation (EBITDA) increased 38.3% to ₹177 crore from ₹128 crore in the third quarter of the previous fiscal.
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Shares of Wockhardt Ltd. shares gained on Tuesday, February 10, after it reported its third quarter earnings.
The company's December quarter earnings gained across all parameters, while its margins expanded as well.
Its net profit increased 3% to ₹27.5 crore in the third quarter from ₹26.7 crore in the previous year.
The company reported a revenue of ₹888 crore, up 23.2% from the previous year's ₹721 crore.
Wockhardt's earnings before interest, tax, depreciation and amortisation (EBITDA) increased 38.3% to ₹177 crore from ₹128 crore in the third quarter of the previous fiscal.
Its margin expanded to 19.9% from 17.7% in the year-ago period.
Wockhardt shares were trading 2.7% up ₹1,448.7 apiece after reported its earnings around 2.50 pm. The stock has gained 4% in the past month.
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