Novartis Q3 net drops 55%

Novartis India has reportdd a 55% decline in net profit at Rs 21.80 crore for the third quarter ended December 31, 2004 as against Rs 48.81 crore in Q3FY04.

According to a release issued to the BSE today, total income decreased from Rs 152.48 crore in Q3FY04 to Rs 140.83 crore in the quarter ended December 31, 2004.