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Biocon Q4 net up 75% at Rs 135 cr

Issues bonus shares in the ratio of 2:1

BS Reporter  |  Bengaluru 

Biocon, India’s largest biopharma firm, said its fourth quarter profits (before exceptional items) rose 75 per cent to Rs 135 crore and revenue growth was flat at Rs 974 crore.  Bengaluru-based Biocon had reported profits of Rs 77 crore (before exceptional items) on revenue of Rs 973 crore in the corresponding quarter in FY16. It had seen a one-time gain of Rs 256 crore in profits as delayed revenue recognition for an insulin product in the period. "Our Q4 revenue at Rs 974 crore reported a muted growth due to elongated approval timelines in some emerging ...

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First Published: Fri, April 28 2017. 02:26 IST
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