Biocon net profit up 15% in Dec. quarter
Biocon posts a net profit of ₹105 crore in the third quarter
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.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!