Biocon reports consolidated net profit of Rs 146.7 crore in Q2

Biocon has reported results for second quarter ended September 30, 2016.

The company has reported 5.53% fall in its net profit at Rs 70.00 crore for the quarter ended September 30, 2016 as compared to Rs 74.10 crore for the same quarter in the previous year. However, the company’s total income has increased by 9.39% to Rs 651.40 crore for the quarter under review from Rs 595.50 crore for the corresponding quarter of the previous year. 

On the consolidated basis, the company has reported a net profit of Rs 146.70 crore for the quarter ended September 30, 2015 as compared to net loss of Rs 10.60 crore for the same quarter in the previous year. Total income of the company has increased by 21.20% at Rs 992.50 crore for quarter under review as compared to Rs 818.90 crore for the quarter ended September 30, 2015.