Wockhardt shares slid as much as 12 per cent in the early on Friday after the pharmaceutical major reported 82.44 per cent decline in consolidated net profit at Rs 60.97 crore for the third quarter ended December 31, 2015. It had posted a net profit of Rs 347.25 crore in the same quarter a year ago.
At 9.43 am, shares of Wockhardt were trading 11.87 per cent down at Rs 771.45. The scrip opened at Rs 850 and had touched a high and low of Rs 850 and Rs 770, respectively, in trade so far. Later, the scrip ended the day 13.09 per cent down at Rs 760.80.
Net sales of the company declined 22.16 per cent year-on-year to Rs 1,075.77 crore during October-December 2015 period.
In the past one year, the share price of Wockhardt fell 39.29 per cent to Rs 875.40 till Feb 11, 2016 whereas the BSE Sensex fell 19.56 per cent during the period.