Aurobindo Pharma shares down 5% on disappointing Q3 numbers

Stocks of Aurobindo Pharma today fell by over 5 per cent after the company reported a 7.93 per cent decline in consolidated net profit for the third quarter ended December 31, 2014.
The stock declined by 5.08 per cent to end at Rs 1,149.85 on the BSE. During the day, it slipped 5.88 per cent to Rs 1,140.05.
On the NSE, it was down 5.12 per cent to close the day at Rs 1,147.80.
The company's market capitalisation fell by Rs 1,791.93 crore to Rs 33,514.07 crore.
Aurobindo Pharma had yesterday reported a 7.93 per cent decline in its consolidated net profit at Rs 384.35 crore for the third quarter ended December 31, 2014.

The company had posted a net profit of Rs 417.49 crore in the same period last fiscal, Aurobindo Pharma had said in a statement.
Net sales during the period under review stood at Rs 3,142.46 crore as against Rs 2,135.52 crore in the corresponding period last fiscal.