Novartis India reports 16.6% profit growth, announces stake sale
Novartis India reported a 16.6% increase in Q1 FY27 net profit to ₹32.21 crore, with revenue rising 18.6% to ₹103.81 crore. The company also announced a stake sale by Novartis AG, changing promoter control.
pre-market1 source ↓written by the desknot a recommendation
- year-on-year
- 16.6%
- to ₹103.81 crore
- 18.6%
- to WaveRise Investments
- 70.68% stake
Novartis India reported a net profit of ₹32.21 crore, up 16.6% year-on-year, for Q1 FY27. Revenue from operations increased by 18.6% to ₹103.81 crore. Concurrently, Novartis AG plans to sell its 70.68% stake to WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners, marking a significant change in promoter control.
Not investment advice. For informational purposes only.