Biocon Q2 net profit slips 3.94%

Biotechnology major Biocon on Thursday said its consolidated net profit declined by 3.94 per cent year-on-year to Rs 85.70 crore for the quarter ended September 30, 2011.

The company had posted a consolidated net profit of Rs 89.22 crore for the quarter ended September 30, 2010, Biocon said in a statement.

Consolidated total income of the company for the quarter ended September 30, 2011, stood at Rs 513.43 crore, as against Rs 421.53 crore in the same period last fiscal.