Biocon reports 84% fall in Q2 consolidated net profit

Ace News

31st Oct 2024

Biocon has reported results for second quarter ended September 30, 2024 (Q2FY25).

The company has reported 90.78% fall in its net profit at Rs 3.20 crore for the quarter ended September 30, 2024 as compared to Rs 34.70 crore for the same quarter in the previous year. However, total income of the company increased by 1.80% at Rs 598.90 crore for Q2FY25 as compared to Rs 588.30 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 84.31% fall in net profit at Rs 27.10 crore for Q2FY25 as compared to Rs 172.70 crore for the same quarter in the previous year. However, total income of the company increased by 0.07% at Rs 3622.90 crore for Q2FY25 as compared to Rs 3620.20 crore for the corresponding quarter previous year.