Biocon Q3 Results 2024 Earnings, Net Profit, Sales Report, YoY Growth Rate

Biocon Limited Q3 results 2024 are out now. The company declared a net profit for the quarter on 8 February 2024, Thursday. It fantastically came out of their ongoing debt and loss. As we all know, they made a loss of Rs. 21 crore for the quarter last year. The journey from the loss to the profit has been fantastic. We will share details about Biocon Limited’s Q3 results 2024 results below.

Biocon Q3 Results 2024

Biocon Q3 Results 2024 Net Profit, Earnings, Sales Report, YoY Growth Rate

Biocon Limited Q3 results 2024 were released on 8 February 2024. The company reported a net profit for the quarter 3. This quarter, the company made a profit of Rs. 753 Crore in the last three months. The company recovered from a loss of Rs. 21 Crore in the previous year. The estimations were already indicating a net profit for the company. However, the company made a net profit of Rs. 753 Crores for the quarter. Thus, the operating profit rose by 44%. It was Rs. 834 Crores last year. It reached Rs. 927 Crore in the current year.

Apart from that, the revenue of the company rose by 34%. The Q3 2024 revenue of Biocon is Rs. 6,674 Crore. The operating margin is 23.44%. They have performed better than the expected results.

Following are the details about Biocon estimated v/s real reports:

Q3 2024 Actual Amount Q3 2024 Expected Amount
Revenue: Rs. 3,954 Crore Rs. 3,674 Crore
Operating Profit: Rs. 927 Crore Rs. 834 Crore
Operating Margin: 23.44% 22.70%

The company is growing day by day. Investors are becoming more interested in the company after its results. The share is currently going at the price of Rs. 286.15 per share. It made a 1.41% fall on Thursday’s trade session. It is giving a monthly growth of 1.76%. However, the yearly growth of the shares was 17.68% for the year. The market cap of the company is Rs. 34.02 Thousand Crore. It had a 52-week high of Rs. 307.10 while the 52-week low was Rs. 191.55. The market opened at Rs. 293 per share today. The previous close was for Rs. 290.25. It closed at Rs. 287 per share. The P/E ratio is 68.63. We hope you get enough details about Biocon Limited’s Q3 2024 results above. Stay tuned for more information on our website.

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