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The Economic Times
The Economic Times

Biocon Q4 Results: Net profit down 57% at Rs 198.6 crore

Biocon Biocon Ltd Kiran MazumdarShaw

Biocon Ltd has reported a 56.8 per cent decline in consolidated net profit at Rs 198.6 crore in the fourth quarter ended March 31, hit by exceptional item outgo of Rs 80.4 crore on various heads, including impact of new labour code.

The company had posted a consolidated net profit of Rs 459.4 crore in the corresponding period previous fiscal, Biocon Ltd said in a regulatory filing on Thursday.

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