The Hindu Business Line : Jubilant Organosys Q2 net jumps 80 pc

Jubilant Organosys Ltd has announced 80 per cent jump in net profit for the second quarter ending September 30 at Rs 31.1 crore on 39 per cent higher net sales at Rs 292 crore. As per the unaudited consolidated results, net profit for six months ending September 30was up 88 per cent at Rs 58 crore on 42 per cent higher net sales at Rs 557 crore, the company said in a statement here.

During the quarter under review, pharmaceuticals and life sciences chemicals (PLSC) sales increased by 70 per cent to Rs 119.2 crore while the industrial chemicals business grew 33 per cent to Rs 131 crore. Revenues from international operations more than doubled to Rs. 96.6 crore.

Commenting on the results, Mr Shyam S. Bhartia, Chairman and Managing Director, said: "We have delivered a strong operating performance in this quarter. Our entry into chemistry services and clinical research businesses through Jubilant Chemsys and Jubilant Clinsys facilitated our emergence as a strong composite pharmaceutical industry player."

A company statement said that the operating and financial performance outlook for 2004-05 continues to be strong and that it expects 40 per cent growth in net sales and 60 per cent higher net profit.