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Last Updated : May 23, 2019 06:52 PM IST | Source: PTI

Novartis India Q4 net falls 26% to Rs 20 cr

Revenue from operations for the latest quarter stood at Rs 110.38 crore as against Rs 125.32 crore in the same period of 2017-18.

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Drug firm Novartis India May 23 reported 26.21 per cent decline in net profit at Rs 19.53 crore for the quarter ended March 31, 2019. The company posted a profit of Rs 26.47 crore in the year-ago period, Novartis India said in a BSE filing.

Revenue from operations for the latest quarter stood at Rs 110.38 crore as against Rs 125.32 crore in the same period of 2017-18.

For the entire 2018-19, net profit was Rs 51.77 crore as compared to Rs 78.36 crore during the previous year.

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Revenue from operations for the last fiscal stood at Rs 490.68 crore as against Rs 563.89 crore in 2017-18.

The company's board has recommended a dividend of 200 per cent (Rs 10 per equity share of Rs 5 each) for the year ended March 31, 2019.

Shares of Novartis India settled at Rs 716.75 apiece on BSE, up 0.85 per cent, over its previous close.

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First Published on May 23, 2019 06:51 pm
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