Novartis Q4 net down 97%

As per the the unaudited results of Novartis India, the company has posted 97% decline in net profit at Rs 4.60 million for the quarter ended March 31, 2005 as compared to Rs 208.70 million for the quarter ended March 31, 2004.

According to the release issued to the BSE today, total income has decreased from Rs 1233.6 million in Q4-04 to Rs 965.20 million for the quarter ended March 31, 2005.

According to the audited results for the year ended March 31, 2005, the company has posted a net profit of Rs 651.20 million for the year ended March 31, 2005 as compared to Rs 1137.60 million for the year ended March 31, 2004.

Total income has decreased from Rs 5630.60 million in FY-04 to Rs 5108.70 million for the year ended March 31, 2005.

The board has recommended a dividend of 200% (Rs 10 per equity share of Rs 5 each) for the year ended March 31, 2005.