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News Details

Novartis Q1 net profit jumps 43.05% at Rs 6.28 cr

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11/08/2021 18:30
The company reported standalone net profit of Rs 6.28 crore for the quarter ended June 30, 2021 as compared to Rs 4.39 crore in the same period last year, registering a year-on-year growth of 43.05 per cent.

Net revenue of the company rose moderately by 6.11 per cent at Rs 98.11 crore in April-June quarter of this fiscal as against Rs 92.46 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 2.27 per cent to Rs 90.27 crore from Rs 88.27 crore in year ago period.

Other Income dipped by 7.18 per cent at Rs 6.46 crore versus (Jun'20 Rs 6.96 crore).

Operating Profit surged by 87.11 per cent to Rs 7.84 crore as against Rs 4.19 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 76.38 per cent in June quarter.

Interest declined by 8.33 per cent y-o-y to Rs 1.54 crore, while Taxation increased by 76.73 per cent at Rs 3.57 crore (Jun'20 Rs 2.02 crore).