Biocon, a leading biotechnology company, on Friday reported a growth of 10% in its first quarter net profit. The company posted a consolidated profit of Rs 1,029.1 million for the quarter ended Jun. 30, 2014 as compared with Rs 935 million in the corresponding quarter last year.

Total Income has increased by 2.6% to Rs. 7,419.50 million for the quarter ended June 30, 2014 from Rs. 7,231.70 million for the same quarter last year.

Shares of the company declined Rs 36.45, or 7.05%, to trade at Rs 480.40. The total volume of shares traded was 306,459 at the BSE (1.27 p.m., Friday).