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Last Updated : Aug 06, 2020 06:54 PM IST | Source: PTI

Novartis India Q1 net profit jumps over 5-fold to Rs 4.39 crore

Total expenses of the company were at Rs 93 crore in the quarter under review as against Rs 118.89 crore in April-June quarter a year ago.

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Drug firm Novartis India on Thursday reported 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 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.

Total expenses of the company were at Rs 93 crore in the quarter under review as against Rs 118.89 crore in April-June quarter a year ago.

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Shares of Novartis India on Thursday closed 0.95 per cent lower at Rs 644.40 on the BSE.
First Published on Aug 6, 2020 06:52 pm
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