Jubilant Life Sciences Q2 net up 42% | business | Hindustan Times
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Jubilant Life Sciences Q2 net up 42%

business Updated: Nov 11, 2010 22:12 IST
HT Correspondent
HT Correspondent
Hindustan Times
Jubilant Organosys

Jubilant Life Sciences, formerly known as Jubilant Organosys, has recorded a 42% growth in its consolidated net profit in the second quarter ending September 30, 2010.

The company’s net profit was R82 crore for the quarter, against R58 crore in July-September a year ago.

“The strong growth has been driven by robust sales in agri products which are expected to continue,” said Shyam S Bhartia, chairman and managing director, Jubilant Life Sciences.

Agri and Performance Polymers (APP) segment contributed 14% towards company’s consolidated revenue. Jubilant is de-merging its APP business into an independent entity, which will function as Jubilant Industries and will be listed by next year, according to R Sankaraiah, executive director, Jubilant Life Sciences.