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Biocon reports 39% fall in Q2 consolidated net profit

Biocon has reported results for second quarter ended September 30, 2019.

The company has reported 11.44% fall in its net profit at Rs 106.10 crore for the quarter under review as compared to Rs 119.80 crore for the same quarter in the previous year. However, total income of the company increased by 16.26% at Rs 584.20 crore for Q2FY20 as compared Rs 502.50 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 39.19% in its net profit at Rs 215.70 crore for the quarter under review as compared to Rs 354.70 crore for the same quarter in the previous year. However, total income of the company increased by 17.10% at Rs 1610.60 crore for Q2FY20 as compared Rs 1375.40 crore for the corresponding quarter previous year.

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