Wockhardt loss widens to ₹23 crore

Pharma major Wockhardt Ltd. on Saturday reported widening of its consolidated net loss at ₹23 crore for the second quarter ended September 30.

The company, which plans to raise up to ₹1,800 crore through private placement of non-convertible debentures, had reported a consolidated net loss of ₹3 crore in the same quarter of the previous fiscal, Wockhardt said in regulatory filings.

Sales during the quarter under review stood at ₹1,125 crore.

This was at ₹1,022 crore in the year-ago period, it added.