Novartis India reports 31 pct fall in net profit during Q3

Drug firm Novartis India Monday reported a 31 per cent decline in net profit to Rs 12.87 crore for the quarter ended December 2018. The company had posted a net profit of Rs 18.74 crore for the corresponding period of the previous fiscal, Novartis India said in a filing to BSE.

Revenue from operations of the company stood at Rs 135.62 crore, compared with Rs 156.10 crore for the same period a year ago. Shares of Novartis India closed at Rs 721.20 per scrip on the BSE, up 0.28 per cent from its previous close.