Motilal Oswal: Jubilant Life Sciences - Covid-19 Led Aberration For The Quarter  
General views of drugs (Photographer: Brent Lewin/Bloomberg)

Motilal Oswal: Jubilant Life Sciences - Covid-19 Led Aberration For The Quarter  

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Motilal Oswal Report

Jubilant Life Sciences Ltd. Q1 FY21 performance was adversely impacted due to Covid-19-led slowdown in demand for its Radiopharma and Life Science Chemicals segment.

The temporary two month shutdown of its Nanjangud plant (used for the contract development and manufacturing organization (CDMO) business) worsened the situation.

We reduce our earnings estimate by 14%/2% for FY21/FY22 to factor the Covid-19-led impact on the business.

We remain positive on Jubilant Life Sciences on the back of:

1) strong demand recovery in Specialty Pharma, CDMO, and Specialty Intermediates,

2) new product additions, and 3) improved operating leverage.

Click on the attachment to read the full report:

Motilal Oswal Jubilant Life Sciences Q1FY21 Result Update.pdf

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