Biocon consolidated Q1 profit up by 12.49 pc

MUMBAI, July 26: Biocon, India s premier biotechnology company,has reported a rise of 12.49 per cent in its consolidated net profit to Rs 78.80 crore for the quarter ended June 30, 2012 as compared to Rs 70.05 crore for the corresponding  quarter last year.
The total consolidated income has increased by 27.84 per cent from Rs 463.52 crore for the quarter ended June 30, 2011 to Rs 592.60 crore for the quarter ended June 30, 2012.
On standalone basis, the company has posted a net profit of Rs 68.84 crore for the quarter ended June 30, 2012 as compared to Rs 60.40 crore for the quarter ended June 30, 2011, representing an increase of 13.97 per cent.
The total income shot up by 29.25 per cent from Rs 363.08 crore for the quarter ended June 30, 2011 to Rs 469.27 crore for the quarter ended June 30, 2012, a comapany said in a release. (UNI)