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Biocon reports 65% surge in Q3 consolidated net profit

25 Jan 2017 Evaluate

Biocon has reported results for third quarter ended December 31, 2016. 

The company has reported 63.17% rise in its net profit at Rs 104.10 crore for the quarter under review as compared to Rs 63.80 crore for the same quarter in the previous year. Total income of the company increased by 23.38% at Rs 688.20 crore for the quarter under review as compared to Rs 557.80 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 64.55% rise in its net profit after taxes, minority interest and share of profit from associates at Rs 171.30 crore for the quarter ended December 31, 2016, as compared to Rs 104.10 crore for the same quarter in the previous year. Total income of the company increased by 31.75% to Rs 1091.80 crore for quarter under review from Rs 828.70 crore for the quarter ended December 31, 2015.

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