Biocon profit drops 44% in Q1FY22:

biocon

Biocon, on July 23, reported a 44 percent year-on-year (YoY) drop in net profit to Rs 84 crore in the first quarter ended June due to subdued API business and an exceptional item. Profit for the same period last year was Rs 149 crore.

Net Profit stood at Rs 142 crore before excluding share of loss in Bicara. Bicara is a subsidiary of Biocon launched with a $40 million investment to develop bifunctional antibodies targeting both tumors and the immune system in cancer patients.

Revenues rose 6 percent YoY in Q1FY22 to Rs 1,808 crore from Rs 1,712 crore in Q1FY21.

News Source:- Moneycontrol

For Enquiry Fill The Form

    *Note:- Please provide a valid Email Id to receive OTP from bigprofitbuzz.com.

    Facebook Iconfacebook like buttonYouTube IconTwitter Icontwitter follow button