Biocon posts profit before tax of Rs 354 cr for quarter ended September 30

Biotechnology major Biocon on Wednesday posted a profit before tax (PBT) of Rs 354 crore for the second quarter ended September 30, 2019, a decline of 22 per cent when compared with the corresponding period of previous fiscal. This is primarily because in the Q2 of FY19, the company had reported an exceptional income of Rs 189 crore as compared to just Rs 68 crore it saw in the just ended quarter. Excluding the exceptional item, the PBT grew 9 per cent on year-on-year basis.

The net profit for the period declined 39 per cent to Rs 216 crore on