Jubilant Life Sciences rose 5.20% to Rs 327.50 at 9:40 IST on BSE, extending recent gains triggered by the company reporting good Q1 June 2015 results.
The result was announced at the fag end of the trading session on Tuesday, 11 August 2015. Shares of Jubilant Life Sciences surged 10.64% to Rs 312.55 on that day. The stock has risen 15.93% in three sessions from Rs 282.50 on Monday, 10 August 2015.
Meanwhile, the BSE Sensex was up 237.90 points, or 0.86%, to 27,750.16.
On BSE, so far 1.94 lakh shares were traded in the counter, compared with an average volume of 2.32 lakh shares in the past one quarter.
The stock hit a high of Rs 331.90 and a low of Rs 312 so far during the day. The stock hit a 52-week high of Rs 354.70 on 12 August 2015. The stock hit a 52-week low of Rs 116.10 on 17 December 2014.
The stock had outperformed the market over the past one month till 12 August 2015, rising 54.07% compared with 0.54% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 82.26% as against Sensex's 2.36% rise.
The mid-cap company has an equity capital of Rs 15.93 crore. Face value per share is Re 1.
On a consolidated basis, Jubilant Life Sciences' net profit surged 2579.08% to Rs 128.06 crore on 1.52% decline in net sales to Rs 1438.38 crore in Q1 June 2015 over Q1 June 2014.
Consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) (including other income) rose 123% to Rs 333 crore in Q1 June 2015 over Q1 June 2014. EBITDA margins were reported at 22.8% in Q1 June 2015, higher than 10.2% in Q1 June 2014.
Previous periods figures have been reclassified to conform to the current period's classification. Further, the figures for the current period are not comparable to the previous periods due to transfer of certain businesses to Jubilant Generics, a step-down wholly owned subsidiary with effect from 1 July 2014.
In Q1 June 2015, income from operations of the pharmaceuticals segment was at Rs 741 crore, contributing 51% to the revenue mix. The segment EBITDA stood at Rs 225 crore, with EBITDA margins at 30.4% in Q1 June 2015.
In Q1 June 2015, income from operations of the life science ingredients segment stood at Rs 718 crore, contributing 49% to the revenue mix. The segment EBITDA stood at Rs 121 crore, with EBITDA margins at 16.9%.
In Q1 June 2015, revenues from North America stood at Rs 619 crore, contributing 42% to the overall revenues. Revenues from Europe and Japan stood at Rs 254 crore, contributing 17% to the revenue mix. Domestic revenues stood at Rs 402 crore, thus contributing 28% to the overall mix. Revenues in ROW (Rest of World) including China was at Rs 184 crore, thus contributing 13% to the overall mix.
In its outlook, the company said that in the year ending March 2016 (FY 2016), the revenue growth is expected to be driven by pharmaceuticals segment primarily led by growth in radiopharmaceuticals, normalization of CMO (contract manufacturing organisation) business and growth in generics business through new products. The company's Life Science Ingredients segment is expected to deliver better results compared to In the year ending March 2015, led by improved operational efficiency and growth in Nutritional Products and Specialty Ingredients.
Jubilant Life Sciences is an integrated global pharmaceutical and life sciences company engaged in manufacture and supply of APIs, solid dosage formulations, radiopharmaceuticals, allergy therapy products and life science ingredients. It also provides services in contract manufacturing of sterile injectables and drug discovery solutions. The company's strength lies in its unique offerings of pharmaceuticals and life sciences products and services across the value chain. With 10 world-class manufacturing facilities in India, US and Canada and a team of around 6000 multicultural people across the globe, the company is committed to deliver value to its customers spread across over 100 countries.
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