Free fall continuous in Wockhardt post poor Q3 results

Wockhardt posted a net profit after taxes, minority interest and share of profit of associates of Rs. 60.97 crore for the Q3FY16 as compared to Rs. 347.25 crore for the Q3FY15.

Shares of Wockhardt are currently trading 2.65% lower at Rs. 740.65 on BSE after the company last week posted poor Q3 results for the quarter ended December 31, 2015.

Wockhardt posted a net profit after taxes, minority interest and share of profit of associates of Rs. 60.97 crore for the Q3FY16 as compared to Rs. 347.25 crore for the Q3FY15. Total Income decreased from Rs. 1,376 crore for the quarter ended December 31, 2014 to Rs. 1,116.58 crore for the quarter ended December 31, 2015.