Novartis India Q2 net up 18 percent at Rs 26 crore
New Delhi: Drug firm Novartis India reported a 17.60 percent rise in its net profit to Rs 26.12 crore for the quarter ended September 30, 2017.
The company had posted a net profit of Rs 22.21 crore for the corresponding period of the previous fiscal, Novartis India said in a filing to the BSE.
In a separate filing, the company announced the resignation of its vice chairman and managing director Ranjit Shahani with effect from February 28, 2018.
Total income of the company, however, stood at Rs 192.75 crore for the quarter under consideration. It was Rs 194.21 crore for the same period a year ago, Novartis India said.