Wockhardt net loss at Rs 190 cr in Q2

Wockhardt, the sixth largest Indian pharmaceutical major, has suffered another setback during the second quarter ended June 2009 and its net loss reached at Rs 189.87 crore as against a net profit of Rs 105.87 crore in the corresponding period of last year. The Mark to Market losses, exchange rate fluctuation and hefty interest burden put pressure on working. The company has shown a foreign exchange loss of Rs 264.60 crore as against a gain of Rs 18.99 crore. 

The company's net sales increased marginally to Rs 954 crore from Rs 910 crore. With huge loss, its earnings per share worked out negative Rs 17.35 as compared to Rs 9.67. 

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