Novartis India Q1 net profit rises 43% to Rs 6 crore

New Delhi: Drug firm on Wednesday reported a 43.05 per cent rise in its net profit to Rs 6.28 crore for the quarter ended June 30. The company had posted a net profit of Rs 4.39 crore for the corresponding period of the previous fiscal, Novartis India said in a regulatory filing.

Revenue from operations stood at Rs 98.11 crore for the quarter under consideration. It was Rs 92.46 crore for the same period a year ago, it added.

Shares of Novartis India closed at Rs 843.05 per scrip on BSE, down 4.45 per cent from its previous close.