International Development News
Development News Edition

Biocon reports sharp rise in net profit during Q3


Biocon reports sharp rise in net profit during Q3
Image Credit: He shrugged off news that both Sony and appliance maker Dyson are shifting premises out of Britain.

Biotechnology major Biocon Thursday reported over a twofold jump in consolidated net profit to Rs 217.2 crore for the third quarter ended December 2018, mainly on account of the strong performance of its biologics business. The company had posted a net profit of Rs Rs 91.9 crore for the corresponding period of the previous fiscal, Biocon said in a filing to the BSE.

Its consolidated revenue from operations stood at Rs 1,540.8 crore for the quarter, against Rs 1,057.9 crore, it added. Shares of Biocon Ltd closed at Rs 670.55 per scrip on the BSE, up 0.04 per cent from the previous close.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION/BLOG/INTERVIEW

'No escape from telephones', this 1953 prediction actually comes true

In 1953, a telephone company chief predicted that therell be no escape from telephones in the future....

With Ayodhya verdict, CJI starts clearing high profile pending cases

Ending all the speculations, the Chief Justice of India Mr. Ranjan Gogoi who is due to retire on November 17 decided to deliver the verdict in Ayodya dispute at 10.30 am on Saturday which is not a working day for the Supreme Court. This is ...

How partnerships and collaborations could enhance teacher training

Monica Malhotra Kandhari, Managing Director, MBD Group shares her views on public private partnership and collaborations in education sector. She supports her propositions with her organisations success stories....

Fixed Test centers would facelift level of WTC in India

The venues for the test matches in India should be fixed so that World Test Championship matches remain fair....

Videos

Latest News

UPDATE 2-France, Germany, Britain urge Iran to reverse nuclear deal breaches

France, Britain and Germany said on Monday they would consider a dispute resolution mechanism enshrined in the 2015 Iran nuclear deal that could lead to United Nations sanctions being reimposed for recent breaches of the pact.In a joint sta...

Redskins name QB Haskins starter for rest of 2019

Washington Redskins rookie quarterback Dwayne Haskins will be the starter for the rest of the season, interim coach Bill Callahan said Monday. Haskins, 22, made his first NFL start before the Redskins just-completed bye week.He completed 15...

Trump: Bolivia events boost democracy, send signal to Venezuela, Nicaragua

U.S. President Donald Trump on Monday said the resignation of Evo Morales as Bolivias president preserves democracy in that country and sends a signal to illegitimate regimes in Venezuela and Nicaragua.The resignation yesterday of Bolivian ...

REUTERS SPORTS SCHEDULE AT 7:30 p.m. GMT/2:30 p.m. ET

Here are the top sports stories and upcoming coverage plans for Reuters text service as of 730 p.m. GMT230 p.m. ET. For a full schedule of news and events, go to our editorial calendar on Reuters Connect httpswww.reutersconnect.complanning....

Give Feedback