Biocon Records Robust Q2 FY24 Results with 49% YoY Revenue Growth

13 Nov 2023 , 01:06 PM

Biocon reports robust Q2 FY24 results with a 49.26% YoY increase in revenue. The company witnesses an impressive growth of 167.8% YoY in net profit.

QoQ, Biocon shows a moderate 1.16% increase in revenue and a substantial 23.87% growth in profit. Selling, general, and administrative expenses rise by 7.44% QoQ and 15.2% YoY, showcasing continued investment.

Despite a 7.88% QoQ decline, the operating income sees a strong 47.29% YoY growth. Earnings per share (EPS) for Q2 FY24 stand at Rs 1.21, marking a significant 151.45% YoY increase.

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