Biocon Share Price Falls 9% After Q3 Profit Dips 18% YoY To Rs 186 Crore moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Biocon Shares Fall After Profit Declines In December Quarter On a standalone basis, Biocon s profit plunged 72 per cent annually to Rs 33 crore from Rs 121 crore during the same period last year.
Updated: January 22, 2021 11:32 am IST
Shares of drug maker - Biocon - fell as much as 10 per cent to hit an intraday low of Rs 399 on the BSE after its consolidated net profit declined 19 per cent to Rs 187 crore in quarter ended December 2020 from Rs 230 crore during the corresponding period a year ago. Its consolidated revenue from operations however, rose 8 per cent to Rs 1,851 crore.
On a standalone basis, Biocon s profit plunged 72 per cent annually to Rs 33 crore from Rs 121 crore during the same period last year.