Drug firm Novartis India today said its net profit for the quarter ended June 30, rose by 19.15% to Rs 37.57 crore.
The company had posted a net profit of Rs 31.53 crore for the quarter ended June 30, 2010, Novartis India said in a filing to the Bombay Stock Exchange (BSE).
Net sales of the company rose to Rs 188.05 crore for the quarter ended June 30, 2011, as against Rs 168.28 crore for the corresponding quarter last fiscal.
Novartis India is the Indian arm of Novartis International AG, a multinational pharmaceutical company based in Basel, Switzerland.
Shares of Novartis India today closed at Rs 901.05 on the BSE, up 1.06% from its previous close.