Companies

Novartis India Q1 net profit jumps over 5-fold to Rs 4.39 cr

PTI New Delhi | Updated on August 06, 2020 Published on August 06, 2020

Drug firm Novartis India on Thursday reported an over five-fold jump in net profit at Rs 4.39 crore for the quarter ended June 30, 2020, mainly on account of reduction in expenses.

The company had posted a net profit of Rs 79 lakh in the corresponding period of the previous fiscal, Novartis India said in a filing to the BSE.

Revenue from operations stood at Rs 92.46 crore in the quarter under consideration, as against Rs 109.31 crore in the same quarter a year ago, it added.

The total expenses of the company were at Rs 93 crore in the quarter under review, as against Rs 118.89 crore in the April-June quarter a year ago.

Shares of Novartis India on Thursday closed 0.95 per cent lower at Rs 644.40 on the BSE.

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Published on August 06, 2020
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