Biocon Q4 net profit down 33.76% at Rs 67.70 cr
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The company reported standalone net profit of Rs 67.70 crore for the quarter ended March 31, 2021 as compared to Rs 102.20 crore in the same period last year, registering a year-on-year decline of 33.76 per cent. Net revenue of the company rose marginally by 1.91 per cent at Rs 491.60 crore in January-March quarter of this fiscal as against Rs 482.40 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 3.26 per cent to Rs 424.70 crore from Rs 439.00 crore in year ago period. Other Income dipped by 33.18 per cent at Rs 44.90 crore versus (Mar'20 Rs 67.20 crore).
Operating Profit surged by 54.15 per cent to Rs 66.90 crore as against Rs 43.40 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 51.22 per cent in March quarter. Interest declined by 50.00 per cent y-o-y to Rs 0.10 crore, while Taxation increased by 24.83 per cent at Rs 18.60 crore (Mar'20 Rs 14.90 crore).
