Jubilant Life Sciences Q3 net profit at Rs 27 cr due to robust sales
The company had posted a net loss after taxes, minority interest and share of profit/loss of shareholders of Rs 78.39 crore for the corresponding period of previous fiscal, Jubilant Life Sciences said in a statement.
"Exceptional items for the third quarter of the current fiscal year includes mark to market book loss of Rs 49.51 crore on account of currency movement of US dollar with respect to Rs 910 crore loan swapped into USD loan," it added.
Consolidated net sales of the company rose to Rs 1,301.81 crore for the quarter under consideration from Rs 1,090.51 crore for the same period last fiscal.
Consolidated net profit of the company rose to Rs 183.70 crore for the nine months ended December 31, 2012 from Rs 78.09 crore for the nine months ended December 31, 2011.
Commenting on the results, Jubilant Life Sciences Chairman & Managing Director Shyam S Bhartia said: "During the nine months period, the company delivered a strong revenue growth of 22 per cent with 26 per cent EBITDA growth, driven
by pharma segment top line growth of 26 per cent and business EBITDA growth of 46 per cent."
Income from operations of the pharmaceuticals segment during the quarter ending December, 2012, stood at Rs 665 crore, up over 18 per cent Year on Year accounting for a share of 51 per cent