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HindustanTimes Mon,21 Apr 2014

Jubilant Life Q3 net at Rs.27 cr on robust sales

HT Correspondent, Hindustan Times  New Delhi, January 29, 2013
First Published: 22:49 IST(29/1/2013) | Last Updated: 22:50 IST(29/1/2013)

Jubilant Life Sciences on Tuesday reported a profit after tax of Rs.27 crore for the quarter ended December, mainly on account of robust sales.

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The company’s income from operations during the same period was Rs.1,306 crore, growing over 19% from last year.

It had posted a net loss of Rs.78.39 crore for the corresponding a year ago, Jubilant Life Sciences said in a statement.

In the nine months from April 1, the company delivered a strong revenue growth of 22% with 26% growth in EBITDA (earnings before interest, taxes, depreciation and amortisation) over last year, driven by top line growth in the pharma segment.

Commenting on the performance, Shyam S Bhartia, CMD, and Hari S Bhartia, co-chairman and MD, Jubilant Life Sciences said, “Our strategy of enhancing presence in identified international markets is delivering results with 28% growth and high 73% contribution to revenue mix.

“We believe this momentum is sustainable due to strong product pipeline and order book position along with leveraging benefits from vertical integration.”

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