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Biocon reports 23% fall in Q2 consolidated net profit

23 Oct 2020 Evaluate

Biocon has reported results for second quarter ended September 30, 2020.

The company has reported 10.46% fall in its net profit of Rs 95.00 crore for the quarter under review as against net profit of Rs 106.10 crore for the same quarter in the previous year. However, total income of the company increased 2.43% at Rs 598.40 crore for Q2FY21 as compared Rs 584.20 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 22.57% fall in its net profit attributable shareholders from continuing operations at Rs 174.30 crore for the quarter under review as against net profit of Rs 225.10 crore for the same quarter in the previous year. However, total income of the company increased by 9.63% at Rs 1760.30 crore for Q2FY21 as compared Rs 1605.70 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Sun Pharma. Inds. 1782.00
Dr. Reddys Labs. 1208.00
Cipla 1334.00
Lupin 2010.00
Zydus Lifesciences 1138.50
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