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via rediff.comBusiness & Companies

Biocon Q2 net profit falls 57% to Rs 56.7 crore on delayed revenue recognition

FROM THE WIRE · REDIFF.COM

Biocon Ltd reported a 57.3 per cent decline in consolidated net profit to Rs 56.7 crore for the September quarter of FY27, primarily due to a USD 20 million revenue recognition delay caused by geopolitical troubles, which is now expected to be booked in the third quarter.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe profit drop stems from a revenue booking delay now expected in Q3, which weighs on near-term results.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Consolidated net profit for the September quarter fell 57.3% to Rs 56.7 crore.
  2. 02The decline is attributed to a USD 20 million revenue recognition delay caused by geopolitical troubles.
  3. 03The delayed revenue is now expected to be booked in the third quarter.

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