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Biocon reports 18% fall in Q3 consolidated net profit

22 Jan 2021 Evaluate

Biocon has reported results for third quarter ended December 31, 2020.

The company has reported 72.66% fall in its net profit of Rs 33.00 crore for the quarter under review as against net profit of Rs 120.70 crore for the same quarter in the previous year. Total income of the company decreased 11.35% at Rs 489.80 crore for Q3FY21 as compared Rs 552.50 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 17.77% fall in its net profit attributable shareholders from continuing operations at Rs 169.40 crore for the quarter under review as against net profit of Rs 206.00 crore for the same quarter in the previous year. However, total income of the company increased by 7.21% at Rs 1878.90 crore for Q3FY21 as compared Rs 1752.60 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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