Biocon Q4 net profit plunges 61%

BioconBiocon Ltd, a fully integrated healthcare company that delivers innovative biopharmaceutical solutions, has registered 61% decline its net profit to Rs 24.14 crore for the fourth quarter ended March 31, 2009, against Rs 62.03 crore reported during the same quarter ended March 31, 2008.

In addition, company's total income for the quarter has also increased to Rs 239.84 crore from Rs 236.71 crore during the same quarter in 2007-08.

For the financial year ended March 2009, the company posted a net profit after tax of Rs 111.81 crore, down 74 per cent against Rs 434.94 crore in FY'08.

While, the company registered 6.23% percent growth in its total income to Rs 987.12 crore for the year ended March 31, 2009 as against Rs 929.21 crore, same period last fiscal.