Biocon Ltd , India's top-listed biotechnology company, fell as much as 4.4 percent on Wednesday, after its December quarter net profit fell 15 percent on lower licensing income, which the company expects to rise in future.
Its total revenue rose a mere 3 percent in October-December as the licensing fees and income dropped to 292 million rupees from 768 million rupees a year ago.
Biocon Q3 net profit falls 15 per cent; shares fall - Times of India
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The Bangalore-based drugmaker's consolidated net profit fell to 848 million rupees, much below estimates, in the fiscal third quarter ended December 31 from 1.01 billion rupees a year ago.Its total revenue rose a mere 3 percent in October-December as the licensing fees and income dropped to 292 million rupees from 768 million rupees a year ago.
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Biocon Q3 net profit falls 15 per cent; shares fall - Times of India
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