Drug firm Novartis India on Monday said its net profit rose by 74.94 per cent to Rs 40.50 crore for the third quarter ended December 31, 2010, over the same period previous fiscal.
The company had posted a net profit of Rs 23.15 crore in the same period last fiscal, Novartis India said in a filing to the Bombay Stock Exchange (BSE).
Net sales of the company for the third quarter ended December 31, 2010 rose to Rs 184.04 crore from Rs 160.46 crore in the same period previous fiscal.
Novartis India is Indian arm of Swiss pharma giant Novartis International AG, based in Basel, Switzerland. Shares of Novartis India today closed at Rs 608.55 on the BSE, down 1.08 per cent from its previous close.