Biocon, a leading biotechnology company, reported a slight fall in consolidated net profit for the quarter ended December 2014. During the quarter, the profit of the company declined 13.39% to Rs 909.30 million from Rs 1,049.90 million in the same quarter previous year.
Net sales for the quarter rose 8.26% to Rs 7,789.90 million, compared with Rs 7,196 million for the prior year period.
Shares of the company declined Rs 13.7, or 3.21%, to trade at Rs 412.45. The total volume of shares traded was 101,913 at the BSE (11.30 a.m., Friday).