1. Wockhardt moves down 4.5% as Q4 net loss swells

Wockhardt moves down 4.5% as Q4 net loss swells

Shares of drug firm Wockhardt today came down by 4.5 per cent after the company reported widening of its consolidated net loss for the fourth quarter ended March.

By: | Published: May 5, 2017 12:38 PM
Wockhardt yesterday reported a wider consolidated quarterly net loss at Rs 174.72 crore.

Shares of drug firm Wockhardt today came down by 4.5 per cent after the company reported widening of its consolidated net loss for the fourth quarter ended March. After making a weak opening, the stock further lost 4.4 per cent to Rs 683.60 on the BSE. On NSE, it went down by 4.51 per cent to Rs 682.

Wockhardt yesterday reported a wider consolidated quarterly net loss at Rs 174.72 crore, mainly on account of Brexit and subdued business in the US and UK markets. The company had posted a net loss after taxes, non controlling interest and share of profit (loss) of associates of Rs 5.38 crore, Wockhardt had said in a filing to the BSE.

Consolidated net sales stood at Rs 863.53 crore for the quarter under consideration. It was Rs 1,010.25 crore for the same period a year ago.

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