Novartis India Ltd

📉 Novartis India Q3 FY26 Results: Revenue & Profit Dip

• Revenue from operations for Q3 FY26 was ₹859.0M, down from ₹930.0M in Q3 FY25.

• Profit before tax for Q3 FY26 was ₹296.5M, compared to ₹352.9M in Q3 FY25.

• Profit for Q3 FY26 was ₹160.9M, a decrease from ₹254.5M in the same quarter last year.

• Earnings per share (EPS) for Q3 FY26 was ₹6.52 (basic and diluted, not annualized).

• The company reported no outstanding loans, debt securities, or financial indebtedness as of the reporting date.

• A tax expense of ₹55.6M was recorded in Q3 FY26 due to adjustments for prior assessment years.

• New labour codes in India led to an increase in employee benefit provisions by ₹16.8M, impacting expenses.