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ICICI Direct Report
Jubilant Life Sciences Ltd.’s Q2 results were almost in-line with our estimates.
Revenues grew 4.8% YoY to Rs 2375 crore. Pharma business grew 4.4% YoY to Rs 1,516 crore led by growth in contract manufacturing organisation and generics.
Life science ingredients revenues also grew 4.4% YoY to Rs 786 crore on good demand and improved pricing of select products.
Ebitda margins stayed flattish (down 20 basis points YoY) at 20.5% with lower other expenses being offset by lower gross margins. Ebitda grew 3.8% YoY to Rs 486 crore.
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