business / news / / Free Press Journal
Novartis India Limited reported a 13.8 percent year-on-year decline in net profit.
Novartis India reported a 13.8% year-on-year net profit decline despite a 7.9% revenue increase.
KEY POINTS
- Quarterly net profit surged 56.9% sequentially, primarily due to improved operations and lower tax impact.
- Novartis AG signed agreements to acquire up to 76% stake in Novartis India via open offer.
- FY26 dividend per share was raised to Rupees 8, up from Rupees 7.25 in FY25.
- Annual net profit for FY26 fell 7.6% year-on-year despite a 5.3% increase in operational revenue.
COMPANIES
Summarized by Newsio from Free Press Journal. How we summarize →