Biocon Q1 net profit falls 95% to Rs 31 crore | Dununu.com : Circle...

Dununu.com Dununu

Sponsored

Biocon Q1 net profit falls 95% to Rs 31 crore

RSS Feed Business

Posted

58

Biocon's consolidated net profit plummeted by 95% to Rs 31 crore in the June quarter, with total revenue declining to Rs 4,022 crore. Despite this, operating revenue increased by 15% YoY, driven by Biosimilars and CRDMO gains. A recent QIP has strengthened the balance sheet, enabling increased ownership in Biocon Biologics and positioning the company for long-term value creation.

Read Full Article

Please log in to like, share and comment!

Oman Air, in partnership with TUI launches 'Oman Air Holidays' offering travel packages in 20+ destinations

Oman Air, in collaboration with TUI, has launched 'Oman Air Holidays,' a digital platform...

By 0 9

ICE lifts age cap: Agency to hire 10,000 new applicants; local sheriffs alarmed

US Immigration and Customs Enforcement has eliminated its age limit for deportation agent...

By 0 9

Saudi Premium Residency update: Over 40,000 applications filed between Jan 2024–Jul 2025

Saudi Arabia's Premium Residency program sees great interest. Over 40,000 applications came in...

By 0 9

'Debanking': Donald Trump orders federal regulators to probe alleged bank bias; seeks to eliminate 'reputational risk' in regulations

By 0 9

US Presidential election: Steve Bannon dismisses reports of 2028 run; gives two-word reply

Reports suggest Steve Bannon is considering a 2028 presidential bid, a claim he denies, stating...

By 0 9