Biocon shares down 1.5% post Q4 results

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Biocon shares down 1.5% post Q4 results

New Delhi, Apr 28 (PTI) Shares of Biocon today ended 1.5

per cent lower after the company posted a 58 per cent plunge

in its consolidated net profit for the March quarter.

The stock ended at Rs 1,105.35, down 1.27 per cent on

BSE. Intra-day, it dipped 3.2 per cent to Rs 1,083.75.

On NSE, shares of the company went down by 1.5 per cent

to close at Rs 1,103.70.

On the volume front, 2.79 lakh shares of the company were

traded on BSE and over 22 lakh shares changed hands on NSE

during the day.

Healthcare firm Biocon’s consolidated net profit dropped

58 per cent to Rs 148.4 crore in the quarter ended March 31,

2017, compared to the year-ago period.

The company had reported a consolidated net profit of Rs

354.4 crore in the same quarter a year ago.

Its total income in the fourth quarter was Rs 974.3 crore

compared to Rs 972.7 crore in the corresponding period. PTI

This is published unedited from the PTI feed.