Moneycontrol Be a Pro
Get App
Last Updated : Jan 29, 2018 06:54 PM IST | Source: PTI

Novartis India Q3 net up 44% at Rs 18.74 cr

The company had posted a net profit of Rs 13.03 crore in the same period of the previous fiscal.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Novartis India reported a 43.82 per cent increase in net profit at Rs 18.74 crore for the third quarter ended December 2017.

The company had posted a net profit of Rs 13.03 crore in the same period of the previous fiscal.

Total income of the company during the period under review stood at Rs 170.55 crore compared with Rs 179.46 crore in the same period of the last fiscal, Novartis India said in a BSE filing.

Close

The board of directors of Novartis India also announced the appointment of Jawed Zia as vice chairman and managing director of the company effective March 1, 2018.

Jawed Zia is currently Head Pharmaceuticals, Novartis India. Zia succeeds Ranjit Shahani who holds this position until February 28, 2018.

Shares of Novartis India settled 1.04 per cent down at Rs 650.50 apiece on BSE today.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jan 29, 2018 06:51 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant