Biocon reports 3 fold jump in Q2 consolidated net profit

Biocon has reported results for second quarter ended September 30, 2015.

The company has reported over two fold jump in its net profit at Rs 498.64 crore for the quarter ended September 30, 2015 as compared to Rs 181.52 crore for the same quarter in the previous year. However, the company’s total income has decreased by 12.14% to Rs 598.86 crore for the quarter under review from Rs 681.57 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 3 fold jump in its net profit after taxes, minority interest at Rs 305.97 crore for the quarter ended September 30, 2015 as compared to Rs 102.05 crore for the same quarter in the previous year. Total income of the company has increased by 11.54% at Rs 861.80 crore for quarter under review as compared to Rs 772.63 crore for the quarter ended September 30, 2014.