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Novartis India Q3 net up 7% at Rs 24 cr

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Press Trust of India Mumbai

Novartis India today said its net profit in the third quarter of current financial year grew 7.56 per cent at Rs 24.17 crore as against Rs 22.47 crore in the third quarter last fiscal.

Net sales rose to Rs 156.93 crore in the quarter ended December 31, 2008 from Rs 136.18 crore a year ago.

For the nine-month period ended December 31, Novartis India registered a net profit of Rs 83 crore, a 9.64 per cent growth over the corresponding period last year.

The company had a net profit of Rs 75.70 crore in the same period a year ago.

 

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First Published: Jan 22 2009 | 5:50 PM IST

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