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28-Jul2017

Biocon reports 51% fall in Q1 consolidated net profit

Biocon has reported results for first quarter ended June 30, 2017.

The company has reported a fall of 61.46% in its net profit at Rs 54.50 crore for the quarter under review as compared to Rs 141.40 crore for the same quarter in the previous year. Total income of the company decreased 17.43% at Rs 606.70 crore for Q1FY18 as compared to Rs 734.80 crore for the corresponding quarter previous year.

On consolidate basis, the company has reported a fall of 51.20% in its net profit at Rs 81.30 crore for the quarter ended June 30, 2017 as compared to Rs 166.60 crore for the corresponding quarter in the FY17. Total consolidated income of the company decreased by 4.38% at Rs 987.70 crore for quarter under review as compared to Rs 1032.90 crore for the same quarter in the previous year.


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