New Delhi, Aug 6 (PTI) Drug firm Novartis India on Thursday reported over five-fold jump in net profit at Rs 4.39 crore for the quarter ended June 30, 2020, mainly on account of reduction in expenses.

The company had posted a net profit of Rs 79 lakh in the corresponding period of previous fiscal, Novartis India said in a filing to the BSE.

Also Read | Amit Shah Remembers Sushma Swaraj on Her Death Anniversary Today, Says Her Ideals Will Continue to Inspire Generations to Come.

Revenue from operations stood at Rs 92.46 crore in the quarter under consideration as against Rs 109.31 crore in the same quarter a year ago, it added.

Total expenses of the company were at Rs 93 crore in the quarter under review as against Rs 118.89 crore in April-June quarter a year ago.

Also Read | Siddaramaiah Health Update: Former Karnataka CM, Who Tested Positive for COVID-19, Is Now Stable and Comfortable, Says Manipal Hospital.

Shares of Novartis India on Thursday closed 0.95 per cent lower at Rs 644.40 on the BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)