Biocon shares jump 8% post Q4 results. Is the Street happy?

Biocon shares jump 8% post Q4 results. Is the Street happy?

Shares of Biocon surged 8% in intraday trade on Tuesday after the company reported strong earnings growth for the three months ended March period. The stock hit a high of Rs 260 and is currently trading 2.5% higher at Rs 247.5 apiece on NSE. The pharmaceutical major’s net profit rose 31% to Rs 313 crore … Read more

Biocon Q4 Results: Cons PAT grows 31% YoY to Rs 313 crore, revenue surges 57%

Biocon Q4 Results: Cons PAT grows 31% YoY to Rs 313 crore, revenue surges  57%

MUMBAI – Pharmaceutical major Biocon today reported a 31.3% year-on-year (YoY) rise in consolidated net profit for the March quarter to Rs 313 crore on the back of a strong revenue growth. Consolidated revenue from operations increased 57% on year to Rs 3,774 crore. The board has recommended a final dividend payout of Rs 1.50 … Read more