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Business News/ Companies / Company-results/  Biocon net profit up 15% in Dec. quarter
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Biocon net profit up 15% in Dec. quarter

Biocon posts a net profit of ₹105 crore in the third quarter

The growth in profit was mainly on the back of increased income on the research front including licensing fee and collaborative initiatives. Photo: MintPremium
The growth in profit was mainly on the back of increased income on the research front including licensing fee and collaborative initiatives. Photo: Mint

Mumbai: Biocon Ltd posted a net profit of 105 crore in the December quarter, up 15% from the year-ago period. The growth in profit was mainly on the back of increased income on the research front including licensing fee and collaborative initiatives. Sales of branded formulations also contributed to growth in profit.

“The third quarter of fiscal 2014 has been a very eventful quarter for us, with several research milestones across our novel molecules and biosimilars portfolio," said chairmanKiran Mazumdar-Shaw in a statement.

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Published: 23 Jan 2014, 01:29 AM IST
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