Indian based Biotechnology firm on Thursday announced consolidated net profit of Rs.15.02 crore for the first quarter of 2008. Thus a decline of 71.66 % over the year ago period of i.e first quarter of year 2007, on account of rupee fluctuation.
The company reported a consolidated net profit of Rs.53 crore in the first quarter of 2007, previous year.
The consolidated total income however, rose to Rs.276.53 crore in the latest quarter from Rs.272.21 crore a year ago.
Biocon has been featured amongst the top 25 global biotechnology companies according to a report released by Med Ad News.
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