Wockhardt slips over 4% after company reports 93% drop in profit

   

   
      Shares of Wockhardt Ltd on Tuesday slipped 4.2 per cent to Rs 667.50 in the intraday deals after the company reported a drop of 93 per cent in its April-June quarter profit after tas (PAT) which came in at Rs 20 crore compared to Rs 323 crore during the same period last year.
     The sales in the quarter declined 27 per cent to Rs 991 crore versus Rs 1,358 crore y-o-y. The company saw a massiv drop in margins which dropped to 6 per cent compared to 30.09 per cent.