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.
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