Novartis Q2 net profit at Rs 22.21 cr

Image
Press Trust of India New Delhi
Last Updated : Nov 11 2016 | 5:22 PM IST
Pharma company Novartis India today reported a standalone net profit of Rs 22.21 crore for the quarter ended September 30, 2016.
The company had posted a net profit of Rs 103.69 crore a year ago.
Total income from operations during the quarter under review stood at Rs 175.06 crore. The company had reported total income from operations of Rs 224.03 crore in the year-ago period, Novartis said in a BSE filing.
Novartis said the financial numbers are not comparable with that of the previous corresponding quarter on account of slump sale of its OTC division and Animals health division on September 30, 2015 and December 31, 2015, respectively.
The stock closed at Rs 665.65, down 0.93 per cent, on BSE.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 11 2016 | 5:22 PM IST

Next Story