Biocon reports 13% rise in Q3 consolidated net profit

Biocon has reported results for third quarter ended December 31, 2015.

The company has registered 19.55% rise in its net profit at Rs 68.5 crore for the quarter under review, as compared to Rs 57.3 crore for the same quarter in the previous year. Total income of the company has increased 3.25% at Rs 565.3 crore for Q3FY16 as compared Rs 547.5 crore for the corresponding quarter previous year.

On the consolidated basis, the company’s net profit rose 13.31% to Rs 103 crore for the Q3 FY16 as compared to Rs 90.9 crore in Q3 FY15. Moreover, the total income surged 9.90% to Rs 856.1 crore in the quarter under review as compared to Rs 779 crore in the corresponding quarter previous year.