Wednesday, January 25, 2017

Biocon net soars in q3

Biocon has posted a net profit of Rs. 171 cr for the quarter ended December 31, 2016 as compared to Rs. 104 cr for the quarter ended December 31, 2015. 

The total income has increased from Rs. 829 cr for the quarter ended December 31, 2015 to Rs. 1092 cr for the quarter ended December 31, 2016.

The results were announced after market hours and the stock will react positively to the q3 numbers in today's trading. Yesterday it closed flat at Rs 998.

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