Novartis India Q3 net dips 31%

PTI New Delhi | Updated on February 04, 2019 Published on February 04, 2019

Drug firm Novartis India on Monday reported a 31 per cent decline in net profit to ₹ 12.87 crore for the quarter ended December 2018.

The company had posted a net profit of ₹ 18.74 crore for the corresponding period of the previous fiscal.

The company’s revenue from operations stood at ₹ 135.62 crore, compared with ₹ 156.10 crore for the same period a year ago.

Shares of Novartis India closed at ₹721.20 per scrip on the BSE, up 0.28 per cent from its previous close.

Published on February 04, 2019
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