Biocon Net Zooms 224 Percent in Fourth Quarter, Biocon Net Profit Rises 224 Percent, Biocon Net Profit Rose 224 Percent in Fourth Quarter

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SME Times News Bureau | 30 Apr, 2010
Leading biotech firm Biocon on Thursday reported consolidated net profit of Rs.81 crore for fourth quarter (Jan-Mar) of fiscal 2009-10, registering a whopping 224 percent growth year-on-year (YoY) from Rs.25 crore in same period year ago.

Its consolidated income for the quarter under review increased by 37 percent to Rs.666 crore from Rs.487 crore year ago.

Similarly, net profit for the entire fiscal (2009-10) shot up by 215 percent to Rs.293 crore from Rs.93 crore in the previous fiscal and income by 44 percent to Rs.2,405 crore from Rs.1,673 crore year ago.

"Biocon has delivered a strong performance in fiscal 2010. All segments of our businesses have demonstrated robust growth. We are confident of sustaining good growth momentum in the years ahead given our increasingly differentiated profile enhanced by key global partnerships," said Biocon chairperson Kiran Mazumdar-Shaw in a statement.

On standalone basis, the group's flagship Biocon posted net profit of Rs.73 crore for the quarter as against Rs.24 crore a year ago, registering 205 percent YoY growth, while income grew by 43 percent YoY to Rs.342 crore from Rs.240 crore same quarter year ago.

Net profit for entire fiscal jumped 122 percent to Rs.248 crore from Rs.112 crore in FY 2009 and income 25 percent to Rs.1,229 crore from Rs.987 crore.