Biocon has reported results for the fourth quarter and year ended March 31, 2016.
The company has posted around three fold jump in its net profit at Rs 138.20 crore for the quarter ended March 31, 2016 as compared to Rs 47.80 crore for the same quarter in the previous year. Total income of the company has increased by 20.39% at Rs 719.10 crore for quarter under review as compared to Rs 597.30 crore for the quarter ended March 31, 2015.
On consolidated basis, the company has posted a rise of 79.11% in its net profit after taxes and minority interest at Rs 360.90 crore for the quarter ended March 31, 2016 as compared to Rs 201.50 crore for the corresponding quarter in the FY15. Total income of the company rose 17.42% at Rs 1003.50 crore for quarter under review as compared to Rs 854.60 crore for the same quarter ended previous year.
For the year ended March 31, 2016, the company has posted over two fold jump in its net profit at Rs 808.80 crore as compared to Rs 361.20 crore for the same period in the previous year. Total income of company increased 4.89% at Rs 2507.70 crore for year under review as compared to Rs 2390.70 crore for the period ended March 31, 2015.
For the year ended March 31, 2016, on the consolidated basis, the company has posted rise of 80.16% in its net profit after taxes and minority interest at Rs 896.10 crore as compared to Rs 497.40 crore for the same period in the previous year. Total income of company has increased by 13.59% at Rs 3569.90 crore for year under review as compared to Rs 3142.90 crore for the period ended March 31, 2015.
