Net profit rose to Rs.59.8 crore during the quarter, from Rs.46.6 crore a year ago. The Bengaluru-based company posted a net profit of Rs.166.6 crore in the first quarter, against Rs.123.9 crore a year ago. Revenue rose 21% to Rs.982.4 crore from Rs.813.9 crore in the year-ago period. During the period, revenue rose 17.5% from Rs.233.7 crore to Rs.274.5 crore. Biocon said it spent about Rs.92 crore or 10% of its sales in the first quarter on research and development.

Source: Mint July 21, 2016 19:52 UTC