Biocon quarterly profit more than doubles to $30.54 million, beats estimate
Indian biotechnology firm Biocon Ltd`s quarterly profit more than doubled, handily beating analysts` estimates, largely driven by strong performance of its biologics businesses.
Profit rose to 2.17 billion rupees ($30.54 million) in the third quarter ended Dec. 31, compared with a profit of 919 million rupees a year earlier, the company said on Thursday.
Watch This Zee Business Video
Nine analysts on an average had expected a profit of 1.76 billion rupees, according to Refinitiv Eikon data. Revenue from operations grew 45.6 percent to 154.08 billion rupees, while revenue from its biologics segment more than doubled.($1 = 71.0580 Indian rupees)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
8th Pay Commission: If implemented, how much salary hike is expected? Check latest update on pay matrix of central employees
Met Gala 2024: When and how to watch Met Gala red carpet livestream in India - Check date, time, venue, theme, guest list and other details
06:32 PM IST