MoneyWorks4Me

Novartis’ Q2 net profit declines by 9%

25 Oct 2012 Evaluate

Novartis India has reported results for second quarter ended September 30, 2012

The company’s net profit for the quarter has declined by 8.89% at Rs 39.34 crore as compared to Rs 43.18 crore for the corresponding quarter in the previous year. The company’s total income has increased by 8.42% at Rs 237.43 crore for quarter under review as compared to Rs 218.98 crore for the quarter ended September 30, 2011.

Novartis India is engaged in manufacturing and marketing of drugs, pharmaceutical products and formulations for consumer healthcare and animal healthcare.

Peers