Biocon's consolidated net profit fell from Rs 89 crore a year ago to Rs 85 crore during the quarter.
It's net profits dropped on account of higher energy costs and wage rise.
It's energy costs grew by 14% to Rs 22 crore, while wages of the employees were raised by 34% to Rs 77.8 crore.
The company reported a 23% rise in its total income from Rs 427.7 crore a year ago to Rs 524.3 crore during the quarter.
It's EBITDA margin stood at 29%.