Novartis India standalone net profit rises 43.07% in the March 2021 quarter

Sales rise 5.97% to Rs 99.29 crore

Net profit of Novartis India rose 43.07% to Rs 9.70 crore in the quarter ended March 2021 as against Rs 6.78 crore during the previous quarter ended March 2020. Sales rose 5.97% to Rs 99.29 crore in the quarter ended March 2021 as against Rs 93.70 crore during the previous quarter ended March 2020.

For the full year,net profit rose 107.34% to Rs 20.90 crore in the year ended March 2021 as against Rs 10.08 crore during the previous year ended March 2020. Sales declined 12.98% to Rs 381.35 crore in the year ended March 2021 as against Rs 438.25 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales99.2993.70 6 381.35438.25 -13 OPM %15.3811.75 -7.032.75 - PBDT24.8217.06 45 52.2041.78 25 PBT21.9013.55 62 40.0428.64 40 NP9.706.78 43 20.9010.08 107

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