Biocon Q1 Results: Profit rises 71% YoY to Rs 144 crore

2513 Imported from a malfunctioning feed
edited July 27 in Business and Finance
imageBiocon Biologics share which constitutes 45% of revenues reported 29% YoY growth to Rs Rs 977 crore in Q1FY23, while the generic business rose 19% to Rs 580 crore.Biocon said that its net profit and margins would have been much higher, had it not been for higher R&D and other expenses.
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