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.