Comments
Drug firm Novartis India on Thursday reported an over five-fold jump in net profit at Rs 4.39 crore for the quarter ended June 30, 2020, mainly on account of reduction in expenses.
The company had posted a net profit of Rs 79 lakh in the corresponding period of the previous fiscal, Novartis India said in a filing to the BSE.
Revenue from operations stood at Rs 92.46 crore in the quarter under consideration, as against Rs 109.31 crore in the same quarter a year ago, it added.
The total expenses of the company were at Rs 93 crore in the quarter under review, as against Rs 118.89 crore in the April-June quarter a year ago.
Shares of Novartis India on Thursday closed 0.95 per cent lower at Rs 644.40 on the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.