Biocon Group, a biotechnology major, has achieved a significant rise in profit and posted a net profit of Rs 74.19 crore in the Q2 of the current fiscal (FY10). This is almost a three fold jump over the same period last year.The company had recorded a net profit of Rs 25.00 crore in the corresponding quarter of the last fiscal (FY09).

The company informed the market that net sales in the present Q2 of current fiscal (FY10) is Rs 579.90 crore and it is a rose of 32.00% as compared to the corresponding quarter of the last fiscal (FY09), it was Rs 439.30 crore that time.

Biocons share’s CMP is Rs 272.20 on 22nd Oct 09.

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