Biocon Q3 net profit dips 7 pc to Rs 203 cr
Jan 23, 2020, 19:31 IST
New Delhi, Jan 23 () Biotechnology major Biocon on Thursday reported a 6.62 per cent fall in consolidated net profit at Rs 202.8 crore for the quarter ended December 31, 2019 on account of higher expenses.
The company had posted a net profit of Rs 217.2 crore for the corresponding period of the previous fiscal, Biocon said in a filing to the BSE.
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However, the company's revenue from operations rose to Rs 1,748.1 crore for the quarter under consideration as against Rs 1,540.8 crore during the same period a year ago.
Expenses rose to Rs 1,465.6 crore for December quarter as against Rs 1,295.4 crore in the year-ago period.
Shares of Biocon Ltd on Thursday closed at Rs 294.20 per scrip on the BSE, up 0.50 per cent from previous close. AKT RVK(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)