Biocon Q2 results: Net loss of Rs 16 cr on high tax, revenue at Rs 3,590 cr

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Biocon Ltd on Wednesday reported a consolidated net loss of Rs 16 crore for the second quarter ended September 30, 2024 on account of higher tax, based on geographical split of profits.

"Biocon Group's overall Q2FY25 financial and operational performance provides a foundation for improved performance as we move into the second half of the fiscal," Biocon Group Chairperson Kiran Mazumdar-Shaw said.

Revenue from operations stood at Rs 3,590 crore in the September quarter as compared with Rs 3,462 crore in the year-ago period, Biocon Ltd said in a statement.

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Category: BusinessFinance

Markets: IndiaOman

Topics: Biocon Biocon Q2 results Biocon Q2 profit Biocon Q2 revenue

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Article Type: News Report

Published On: 2024-10-30 @ 19:33:33 (1 days ago)

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News Source URL: business-standard.com

Language: English

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