Jubilant Pharmova’s Q3 Earnings Driven By Covid-19 Led Opportunities: Prabhudas Lilladher

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Prabhudas Lilladher Report

Jubilant Pharmova Ltd.’s Q3 FY21 earnings were driven by Covid-19 led contract development and manufacturing organisation (vaccine and active pharmaceutical ingredient to Gilead) and generics segment (Remdesivir formulation) and it guided that the opportunities would continue for next 18-24 months.

The company and Ingrevia has also reduced their net debt ahead of guidance to Rs 20 billion and Rs 5 billion versus earlier guidance of Rs 22 billion and Rs 9 billion.

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