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Biocon reports 49% fall in Q2 consolidated net profit

15 Nov 2022 Evaluate

Biocon has reported results for second quarter ended September 30, 2022.

The company has reported net profit at Rs 987.50 crore for the quarter under review as compared to net loss of Rs 6.60 crore for the same quarter in the previous year. Total income of the company increased by 45.18% at Rs 588.40 crore for Q2FY23 as compared Rs 405.30 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 48.78% in its net profit at Rs 81.80 crore for the quarter under review as compared to Rs 159.70 crore for the same quarter in the previous year. However, total income of the company increased by 22.56% at Rs 2384.20 crore for Q2FY23 as compared Rs 1945.30 crore for the corresponding quarter previous year.

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