Biocon Ltd reported a 56.8% drop in Q4 net profit to Rs 198.6 crore, impacted by an Rs 80.4 crore exceptional item. Despite this, consolidated revenue grew to Rs 4,516.6 crore. For FY26, net profit declined to Rs 368.8 crore, though revenue rose to Rs 16,927 crore.
Kusumgar’s Rs 650-crore IPO opens today; grey market points to nearly 40% listing gains
The IPO has generated significant excitement in the grey market, where it is currently trading at a Grey Market Premium (GMP) of about Rs 166