Novartis India standalone net profit declines 58.55% in the March 2016 quarter

Sales decline 24.10% to Rs 153.61 crore

Net profit of Novartis India declined 58.55% to Rs 21.53 crore in the quarter ended March 2016 as against Rs 51.94 crore during the previous quarter ended March 2015. Sales declined 24.10% to Rs 153.61 crore in the quarter ended March 2016 as against Rs 202.38 crore during the previous quarter ended March 2015.

For the full year,net profit rose 151.06% to Rs 198.61 crore in the year ended March 2016 as against Rs 79.11 crore during the previous year ended March 2015. Sales declined 9.09% to Rs 768.42 crore in the year ended March 2016 as against Rs 845.29 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales153.61202.38 -24 768.42845.29 -9 OPM %6.998.59 -3.05-0.46 - PBDT31.7054.15 -41 106.18103.57 3 PBT30.5952.91 -42 102.5199.56 3 NP21.5351.94 -59 198.6179.11 151

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