Biocon net up 13 percent in Q3

Bengaluru, Jan 22 (IANS) Leading biotech firm Biocon Ltd posted Rs.103 crore net profit for third quarter (October-December) of this fiscal (2015-16), registering 13 percent year-on-year (YoY) profit.

In a regulatory filing to the Bombay Stock Exchange (BSE) on Friday, the city-based company said revenue from sales rose nine percent YoY to Rs.828 crore for the quarter under review (Q3).

Total revenue increased 10 percent YoY to Rs.857 crore with Rs.29 crore from other income, which shot up 60 percent YoY from Rs.18 crore in same period year ago.

Earnings before income tax, depreciation and amortisation (Ebitda) increased 23 percent YoY to Rs.209 crore for the quarter and its margin up 24 percent from 22 percent in like period year ago.

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