Wockhardt skidded 3.53% to Rs 782 at 15:20 IST on BSE after the company's consolidated net profit slumped 82.65% to Rs 15.89 crore on 5.38% decline in total income to Rs 1097.83 crore in Q1 June 2016 over Q1 June 2015.
The result was announced on Saturday, 13 August 2016.Meanwhile, the S&P BSE Sensex was down 79.41 points or 0.28% at 28,072.99.
High volumes were witnessed on the counter. On BSE, so far 4.64 lakh shares were traded in the counter as against average daily volume of 1.93 lakh shares in the past one quarter. The stock hit a high of Rs 804 and a low of Rs 766.50 so far during the day.
Wockhardt's earnings before interest, taxes, depreciation and amortization (EBITDA) excluding one-time opportunities and before R&D spend rose 9.65% to Rs 193 crore in Q1 June 2016 over Q1 June 2015.
Wockhardt is a research based and technology intensive global pharmaceutical and biotechnology company.
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