BIOCONS PERFORMANCE Biocon, as Indias own home-grown biotechnology company, has shown exemplary…

BIOCONS PERFORMANCE

Biocon, as Indias own home-grown biotechnology company, has
shown exemplary performance since its inception in 1978 (Table 2.1). Its
integrated business model and the companys excellent business strategy have
earned for Biocon exemplary performance, both in terms of profits and
ever-increasing value of its scrips.

Biocon Ltd has posted a 44 per cent increase in its net profit at
INR 475.1 million for third quarter ended December 31, 2006, compared with INR
327.9 million posted during the same period of the previous

BIOCONS PERFORMANCE

Biocon, as Indias own home-grown biotechnology company, has
shown exemplary performance since its inception in 1978 (Table 2.1). Its
integrated business model and the companys excellent business strategy have
earned for Biocon exemplary performance, both in terms of profits and
ever-increasing value of its scrips.

Biocon Ltd has posted a 44 per cent increase in its net profit at
INR 475.1 million for third quarter ended December 31, 2006, compared with INR
327.9 million posted during the same period of the previous fiscal. The company
earned a revenue of INR 8630 million, profit of INR 1080 million in 200607,
and grew 23 per cent in the first quarter of 200708.

During the period, the Biocon scrip, after several months,
rallied over 10 per cent on both the bourses, closing at INR 410.25 on the
Bombay Stock Exchange (BSE) and at INR 410.45 on the National Stock Exchange
(NSE). It gained INR 75, touching an intra-day high of INR 445.65 on the BSE.

The revolutionary oral insulin program me has passed phase I
human clinical trials and is likely to enter phase II soon.

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