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Novartis India reports net loss at Rs 71 lakh in Q3

Ruchika SharmaWritten by Ruchika Sharma   |  
Novartis India reports net loss at Rs 71 lakh in Q3
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New Delhi: Drug firm Novartis India on Thursday reported a net loss of Rs 71 lakh for the quarter ended December 31, 2020.

The company had posted a net profit of Rs 7.73 crore for the corresponding period of the previous fiscal, Novartis India said in a filing to BSE.

Read also: Novartis to provide manufacturing capacity for Pfizer-BioNTech COVID-19 vaccine production

Revenue from operations of the company stood at Rs 93.77 core for the quarter under consideration. It was Rs 117.46 crore for the same period a year ago, it added.

Read also: Novartis gets USFDA Breakthrough Therapy designations for STAMP inhibitor asciminib to treat chronic myeloid leukemia



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Source : PTI
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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