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Biocon Q3 net profit zooms over two-fold to Rs 217.2 cr on biologics bizz

Its consolidated revenue from operations stood at Rs 1,540.8 cr for the quarter, against Rs 1,057.9 cr

Press Trust of India  |  New Delhi 

Biocon's facility. Photo: Company's website
Biocon's facility. Photo: Company's website

Biotechnology major on Thursday reported over two-fold jump in consolidated net profit to Rs 217.2 crore for the third quarter ended December 2018, mainly on account of the strong performance of its business.  

The company had posted a net profit of Rs Rs 91.9 crore for the corresponding period of the previous fiscal, said in a filing to the BSE.

Its consolidated revenue from operations stood at Rs 1,540.8 crore for the quarter, against Rs 1,057.9 crore, it added. 

Shares of Ltd closed at Rs 670.55 per scrip on the BSE, up 0.04 per cent from the previous close. 

First Published: Thu, January 24 2019. 18:30 IST
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