Gold Silver Reports (GSR) – Biocon Snaps Three-Day Gains Despite Posting Profit After 5 Quarters – Shares of the Bangalore-based bio-pharmaceutical company fell as much as 1.8 percent, the most since April 4, to Rs 651.35 after its net profit rose for the first in five quarters.
Key earnings highlights:
🔥 Revenue up 26 percent at Rs 1,169.5 crore.
🔥 Net profit up 2 percent at Rs 130 crore.
🔥 Ebitda up 24 percent at Rs 232.5 crore.
🔥 Margin at 19.9 percent versus 20.3 percent.