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Biocon Net Income Declines 96% to ₹25 Cr
The New Indian Express Coimbatore
|January 31, 2025
BIOCON on Thursday reported a 96% decline in its consolidated net profit to ₹25 crore for the quarter ended December 2024, compared to ₹660 crore in the same quarter last year.
The company said adjusting for exceptional items, net profit stands at ₹13 crore. It said last year profit benefited from Bicara gain and income from part divestment of BFI business by Biocon Biologics.
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