Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Biocon Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3,774 | 3,423 | 3,462 | 3,954 | 3,917 | 3,433 | 3,590 | 3,821 | 4,417 | 3,942 | 4,296 | 4,173 | 4,517 |
| Expenses + | 2,817 | 2,741 | 2,745 | 3,051 | 3,004 | 2,812 | 2,905 | 3,070 | 3,339 | 3,193 | 3,460 | 3,340 | 3,496 |
| Operating Profit | 957 | 681 | 717 | 903 | 913 | 620 | 685 | 752 | 1,078 | 749 | 835 | 834 | 1,020 |
| OPM % | 25% | 20% | 21% | 23% | 23% | 18% | 19% | 20% | 24% | 19% | 19% | 20% | 23% |
| Other Income + | 152 | 94 | 134 | 587 | 40 | 1,166 | 58 | 53 | 57 | 80 | 81 | -176 | -28 |
| Interest | 249 | 233 | 248 | 267 | 227 | 236 | 226 | 223 | 212 | 277 | 272 | 210 | 232 |
| Depreciation | 364 | 358 | 389 | 414 | 407 | 405 | 420 | 425 | 436 | 455 | 473 | 515 | 513 |
| Profit before tax | 497 | 184 | 214 | 808 | 319 | 1,146 | 98 | 156 | 487 | 97 | 171 | -68 | 248 |
| Tax % | 17% | 19% | 19% | 7% | 30% | 25% | 72% | 48% | 6% | 8% | 22% | -24% | 20% |
| Net Profit + | 414 | 149 | 173 | 753 | 223 | 862 | 27 | 81 | 459 | 89 | 133 | -52 | 199 |
| EPS in Rs | 2.61 | 0.84 | 1.05 | 5.50 | 1.13 | 5.49 | -0.13 | 0.21 | 2.87 | 0.23 | 0.63 | 1.08 | 0.78 |
Financials of Biocon Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3,090 | 3,347 | 3,891 | 4,123 | 5,514 | 6,300 | 7,143 | 8,184 | 11,174 | 14,756 | 15,262 | 16,927 |
| Expenses + | 2,394 | 2,957 | 2,912 | 3,294 | 4,121 | 4,696 | 5,562 | 6,391 | 8,762 | 11,540 | 12,008 | 13,472 |
| Operating Profit | 696 | 390 | 980 | 829 | 1,394 | 1,604 | 1,581 | 1,793 | 2,412 | 3,216 | 3,254 | 3,455 |
| OPM % | 23% | 12% | 25% | 20% | 25% | 25% | 22% | 22% | 22% | 22% | 21% | 20% |
| Other Income + | 158 | 639 | 173 | 228 | 340 | 199 | 260 | 72 | 18 | 853 | 1,217 | -60 |
| Interest | 9 | 29 | 26 | 62 | 71 | 65 | 58 | 68 | 419 | 974 | 897 | 990 |
| Depreciation | 221 | 249 | 277 | 385 | 448 | 552 | 715 | 814 | 1,113 | 1,569 | 1,687 | 1,957 |
| Profit before tax | 624 | 751 | 850 | 610 | 1,215 | 1,186 | 1,068 | 983 | 897 | 1,525 | 1,887 | 448 |
| Tax % | 15% | 19% | 19% | 26% | 17% | 27% | 21% | 22% | 28% | 15% | 24% | 18% |
| Net Profit + | 528 | 609 | 688 | 453 | 1,003 | 871 | 846 | 772 | 643 | 1,298 | 1,429 | 369 |
| EPS in Rs | 4.14 | 4.59 | 5.10 | 3.10 | 7.54 | 6.24 | 6.17 | 5.40 | 3.85 | 8.52 | 8.44 | 2.38 |
| Dividend Payout % | 20% | 18% | 10% | 16% | 7% | 0% | 0% | 9% | 39% | 6% | 6% | 21% |
Financials of Biocon Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 100 | 100 | 100 | 300 | 300 | 600 | 600 | 600 | 600 | 600 | 600 | 810 |
| Reserves | 3,171 | 3,934 | 4,738 | 4,881 | 5,798 | 6,106 | 7,027 | 7,832 | 17,267 | 19,183 | 21,044 | 33,221 |
| Borrowings + | 1,117 | 2,478 | 2,302 | 2,264 | 2,422 | 2,715 | 4,481 | 5,147 | 18,019 | 16,277 | 18,362 | 15,434 |
| Other Liabilities + | 1,988 | 1,947 | 2,254 | 2,545 | 3,672 | 4,993 | 6,382 | 6,763 | 15,856 | 19,693 | 18,534 | 14,185 |
| Total Liabilities | 6,375 | 8,458 | 9,394 | 9,990 | 12,192 | 14,414 | 18,490 | 20,342 | 51,742 | 55,753 | 58,540 | 63,651 |
| Fixed Assets + | 1,630 | 1,748 | 3,626 | 3,700 | 4,471 | 5,971 | 6,364 | 6,569 | 29,468 | 30,644 | 31,963 | 38,860 |
| CWIP | 1,677 | 2,240 | 839 | 1,303 | 1,899 | 2,196 | 2,800 | 4,110 | 7,317 | 7,993 | 8,508 | 4,613 |
| Investments | 230 | 902 | 1,253 | 675 | 1,012 | 966 | 1,952 | 1,588 | 2,069 | 1,000 | 1,127 | 1,779 |
| Other Assets + | 2,839 | 3,569 | 3,676 | 4,312 | 4,811 | 5,281 | 7,374 | 8,074 | 12,888 | 16,117 | 16,941 | 18,399 |
| Total Assets | 6,375 | 8,458 | 9,394 | 9,990 | 12,192 | 14,414 | 18,490 | 20,342 | 51,742 | 55,753 | 58,540 | 63,651 |
Financials of Biocon Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 211 | 371 | 640 | 662 | 1,155 | 1,283 | 1,160 | 1,177 | 1,852 | 2,954 | 4,061 | 1,994 |
| Cash from Investing Activity + | -491 | -1,138 | -510 | -684 | -703 | -1,505 | -3,651 | -1,662 | -14,260 | -1,002 | -203 | -2,082 |
| Cash from Financing Activity + | 186 | 1,068 | -178 | -240 | -242 | 388 | 2,564 | 242 | 13,049 | -2,333 | -1,854 | -924 |
| Net Cash Flow | -94 | 300 | -47 | -261 | 210 | 165 | 72 | -243 | 641 | -380 | 2,004 | -1,012 |
| Free Cash Flow | -627 | -246 | 32 | -251 | -337 | -546 | -577 | -746 | 129 | 1,046 | 1,718 | 82 |
| CFO/OP | 49% | 158% | 86% | 104% | 104% | 101% | 86% | 80% | 86% | 101% | 139% | 65% |
Financials of Biocon Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 91 | 78 | 83 | 94 | 86 | 71 | 77 | 92 | 117 | 154 | 131 | 129 |
| Inventory Days | 132 | 153 | 160 | 161 | 199 | 263 | 304 | 309 | 423 | 368 | 346 | 390 |
| Days Payable | 125 | 172 | 187 | 224 | 231 | 243 | 246 | 216 | 383 | 467 | 460 | 434 |
| Cash Conversion Cycle | 98 | 59 | 57 | 31 | 53 | 91 | 134 | 184 | 157 | 55 | 18 | 85 |
| Working Capital Days | -19 | -12 | 24 | 6 | -2 | -31 | 8 | 71 | 3 | -68 | -63 | -2 |
| ROCE % | 12% | 9% | 12% | 8% | 13% | 13% | 10% | 9% | 6% | 6% | 6% | 4% |