Updated on 7 August 2014
· EBITDA margins at 10.2 percent and Reported PAT at 5 Crore
Jubilant LS has completed the consolidation of all its pharmaceutical business under Jubilant Pharma, Singapore with effect from 1st July, 2014. This has been financed by a US$ 147.5m funding from IFC, which includes US$87.5m long term loan, US $60m of zero coupon optionally convertible loan and a further loan of US $52.5m to be syndicated by IFC.
Pharmaceuticals Segment Review.
In Q1 FY 2015, Income from operations of the Pharmaceuticals segment stood at Rs 604crore, contributing 41% to the revenue mix. The segment EBITDA stood at Rs 36crore with EBITDA margins of 5.9%.
Life Science Ingredients Segment Review
In Q1 FY2015, Income from operations for the Life Science Ingredients segment stood at Rs 869crore, growing 23 percent YoY and contributing 59 percent to total revenues. The segment EBITDA was at Rs 133 crore with EBITDA margins at 15.3 percent.
International revenues contributed 71% to the revenue mix at Rs 1,051 crore, with regulated markets contributing 56 percent to the revenue mix in Q1 FY2015. Revenues from North America stood at Rs 490 crore, contributing 33 percent to the overall revenues and revenues from Europe and Japan stood at Rs 330 crore, thus contributing 22 percent to the revenue mix. Domestic revenues were up 18 percent YoY at Rs 422 crore, contributing 29 percent to the revenue mix. Revenues in ROW including China stood at Rs 230 crore, up 12 percent YoY and contributing 16 percent to the revenue mix.
The company expects strong growth momentum in coming quarters, led by its Pharmaceuticals segment. This growth in pharmaceuticals will be driven by new products and new markets, expanding volumes in CMO operations and revenue increase in Radiopharmaceuticals. Life Science Ingredients should continue its robust performance on account of higher capacity utilization, better pricing of key products and expansion into new mark.