Novartis India Q1 profit after tax down to Rs.22.84 Crores

Novartis India Ltd has announced the Un-Audited financial results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 228.40 million for the quarter ended June 30, 2007 as compared to Rs 257.40 million for the quarter ended June 30, 2006. Total Income has decreased from Rs 1516.80 million for the quarter ended June 30, 2006 to Rs 1509.40 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.7.15 for the Quarter ending June 30, 2007 compared to Rs.8.05 for Quarter ending June 30, 2006.

The stock closed the day at Rs.350.50, up by Rs.4.40 or 1.27%. The stock hit an intraday high of Rs.353.80 and low of Rs.348. The total traded quantity was 10136 compared to 2 week average of 12291.

Source : Equity Bulls

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