Novartis India reports 31 pct fall in net profit during Q3


Devdiscourse News Desk | New Delhi | Updated: 04-02-2019 18:49 IST | Created: 04-02-2019 18:18 IST
Novartis India reports 31 pct fall in net profit during Q3
Shares of Novartis India closed at Rs 721.20 per scrip on the BSE, up 0.28 per cent from its previous close.
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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.

(With inputs from agencies.)

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