Wockhardt moves down 4.5% as Q4 net loss swells

Shares of drug firm Wockhardt today came down by 4.5% 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% to Rs 683.60 on the BSE.

On NSE, it went down by 4.51% 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.