Biotech firm Biocon today said its consolidated net profit declined by 8.71% to Rs 70.05 crore for the first quarter ended June 30, 2011.
The company had posted a net profit of Rs 76.74 crore for the same period of the previous fiscal, Biocon said in a filing to the Bombay Stock Exchange (BSE).
Net sales of the company stood at Rs 441.68 crore for the first quarter ended June 30, 2011, compared to Rs 401.06 crore in the same period last fiscal.
Shares of Biocon were being quoted at Rs 361.50 on the BSE in late afternoon trade today, down 2.51% from their previous close.
