Mumbai, Oct 22 : Bangalore-based biotech major Biocon posted a net profit of $13.85 million (Rs. 62.36 crore) in the quarter ended Sep 30 compared to $7.45 million (Rs. 33.5 crore) earned in the like period of the previous year, the company said in a filing Thursday.

The company's total income increased to $6.96 million (Rs. 312.44 crore) in the period under review from $59.6 million (Rs. 268 crore) during the corresponding quarter last year, Biocon told the Bombay Stock Exchange in a regulatory statement.

According to the Biocon's unaudited consolidated results, the group posted a net profit of $16.44 million (Rs. 74.2 crore) in the second quarter this fiscal, as against the $5.56 million (Rs. 25 crore) earned during the like period last year. (IANS)