Skip to content

Exclusive News

Leading News Portal of Jaipur

Menu
  • Home
  • Business News
  • India News
  • Automobiles News
  • Entertainment News
  • Education News
  • Sports News
  • Health News
  • Rajasthan News
  • Lifestyle News
  • Food & Beverage
  • Mobile Industry
  • Fashion Blog
  • Travel News
  • Political News
  • Religious News
  • lifestyle
  • Fashion
  • Food
  • Travel
  • World
  • contact-us/
Menu

Jubilant Life Sciences – Q4 & FY20 Results

Posted on May 30, 2020

Noida, May 30, 2020.

The Board of Jubilant Life Sciences Limited, an integrated global pharmaceutical and life sciences company met today to approve financial results for the quarter ended March 31, 2020.

Commenting on the Company’s performance, Mr. Shyam S Bhartia, Chairman and Mr. Hari S Bhartia, Co-Chairman & Managing Director, Jubilant Life Sciences said:

“We are glad to report record profits in FY20 with improvement in margins across all the business segments. The Q4FY20 performance was impressive with EBITDA growth of 58% YoY. Despite the Covid-19 led challenges, we continue to experience strong demand across most of our businesses. Our leadership position in all the segments we operate in ensures positive outlook for business performance and healthy cashflow generation to reduce leverage.”

Pharmaceutical segment recorded revenue of Rs 5,714 Crore during FY20 as against Rs 5,349 Crore in FY19. The 7% YoY revenue growth during the year was driven by better performance in all three key business lines. EBITDA was at Rs 1,555 Crore, up 13% YoY with margin at 27.2%, as compared with 25.7% in FY19.

LSI segment’s FY20 revenue was at Rs 3,179 Crore as against Rs 3,545 Crore last year. LSI’s FY20 EBITDA was at Rs 431 Crore vs. Rs 445 Crore last year with margin at 13.6% vs. 12.6% last year.

The Drug Discovery Services business’ FY20 revenue increased to Rs 262 Crore from Rs 217 Crore with 28.1% EBITDA margin in the current year as against 8.3% EBITDA margin in FY19. In view of the strong demand, we are making investments in this business to double capacities over the next 2-3 years.

In our Proprietary Drug Discovery business, we are working on more than six programs targeting small molecule therapies in the area of oncology and auto-immune disorders with two programs moving to the clinic next year.

During the year, the company reduced its Net Debt by Rs 514 Crore and is focused on further deleveraging by generating healthy levels of cashflows.

Company signed Licensing Agreement with Gilead Sciences to register, manufacture and sell Gilead’s investigational drug, remdesivir, a potential therapy for Covid-19 in 127 countries including India, and is working towards launching the drug in July 2020.

The Company has taken several measures to tide over the COVID-19 induced challenges. We are confident of delivering sustained growth in the medium term on the back of our leadership position in various businesses and growth strategies.

Categories

  • Automobiles News
  • Business News
  • Editor Picks
  • Education News
  • Entertainment News
  • Fashion
  • Fashion Blog
  • Feature
  • Food
  • Food & Beverage
  • Health News
  • India News
  • lifestyle
  • Lifestyle News
  • Mobile Industry
  • Political News
  • Rajasthan News
  • Religious News
  • Sports News
  • Travel
  • Travel News
  • World

Tags

auto blogger automobile blogger jaipur best web site of rajasthan blogger blogger in Jaipur blogger rajasthan bollywood news breaking News current news jaipur current updates current updates Jaipur Exclusive News exclusivenews.co.in Exclusive news from Jaipur Exclusive News Jaipur fashion blogger fashion blogger Jaipur food blog food blogger Food blogger Jaipur hero motocorp Jaipur blog Jaipur blogger Jaipur breaking News jaipur business news Jaipur daily news updates Jaipur entertainment news jaipur event listing Jaipur Hindi News Paper Jaipur Local News jaipur news Jaipur News Paper jaipur online news portal jaipur online portal jaipur sports news latest news rajasthan Live updates Live updates from Jaipur no 1 web portal of rajasthan online new portal in Jaipur tata motors travel blogger travel blogger jaipur travel bog www.exclusivenews.co.in

Categories

  • Automobiles News
  • Business News
  • Editor Picks
  • Education News
  • Entertainment News
  • Fashion
  • Fashion Blog
  • Feature
  • Food
  • Food & Beverage
  • Health News
  • India News
  • lifestyle
  • Lifestyle News
  • Mobile Industry
  • Political News
  • Rajasthan News
  • Religious News
  • Sports News
  • Travel
  • Travel News
  • World

Tags

auto blogger automobile blogger jaipur best web site of rajasthan blogger blogger in Jaipur blogger rajasthan bollywood news breaking News current news jaipur current updates current updates Jaipur Exclusive News exclusivenews.co.in Exclusive news from Jaipur Exclusive News Jaipur fashion blogger fashion blogger Jaipur food blog food blogger Food blogger Jaipur hero motocorp Jaipur blog Jaipur blogger Jaipur breaking News jaipur business news Jaipur daily news updates Jaipur entertainment news jaipur event listing Jaipur Hindi News Paper Jaipur Local News jaipur news Jaipur News Paper jaipur online news portal jaipur online portal jaipur sports news latest news rajasthan Live updates Live updates from Jaipur no 1 web portal of rajasthan online new portal in Jaipur tata motors travel blogger travel blogger jaipur travel bog www.exclusivenews.co.in

©2023 Exclusive News | Design: Newspaperly WordPress Theme