Avid Learning to host ‘Sustainability Now’ series on World Environment Day

Mumbai, May 31 2020: On the occasion of World Environment Day, Avid Learning, the cultural philanthropy arm of the Essar Group launches a series called – Sustainability NOW – as a part of their ongoing digital initiative, AVID Online. As environmental concerns continue to grow worldwide, AVID finds it imperative to shed some light on such issues and use their platform to educate and spread awareness by communicating through arts.

The Sustainability NOW series consists of targeted online episodes aimed at converting audiences into change makers and active catalysts and custodians of a greener future. In collaboration with Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS), AVID has curated a week of robust programming – dedicated to World Environment Day 2020 – celebrating the champions of sustainability and environmental activism.

Showcased as ‘Environment Week @ AVID Online’, this series will be centred around the topic of sustainability and will consist of short and engaging pre-recorded AVID Online episodes as well as AVID’s first-ever live online panel discussion and masterclass, featuring leading experts from the fields of art, architecture, design, dance, fashion and film.

Asad Lalljee - CEO Avid Learning commented, “Environment Week @ AVID Online is our latest attempt to showcase the power of arts, as it brings to fore the many issues of sustainability the world is currently facing and highlights how practitioners and experts from the creative sector are – both individually and collectively – responding to and engaging with these matters through their work.

With issues and concerns regarding climate change and environmental degradation growing worldwide and with all the unprecedented changes and shifts occurring around the globe at this time, I believe that it is critical to keep the conversation on sustainability alive and ongoing now more than ever. We are at the brink of a crucial and seismic shift and we believe that the arts have the power to leverage conversations toward cultural changes around this topic and successfully usher in and showcase the spirit of sustainability.”

“AVID is excited to be participating in the global movement for change and a greener future and that through such programming, we are able to facilitate conversations that could help people and the planet achieve a sustainable equilibrium." He further added

During the course of this week, AVID Online will present engaging episodes featuring the likes of Creative and Design Consultant/Stylist Ekta Rajani, Product Designer and Animator Shashank Nimkar, Industrial Designer Malvika Vaswani, Independent Filmmaker Priya Thuvassery and Dancer and Choreographer Revanta Sarabhai leading up to World Environment Day 2020. These sessions will touch upon topics such as the emergence of slow fashion and future trends in the industry, the importance and benefits of recycling and upcycling waste and the development of eco-friendly materials, as well as, the role of the arts in spreading awareness about environmental degradation.

On the occasion of World Environment Day, AVID will present Sustainability NOW: Architecture + Urbanism – a panel discussion that explores the concepts of sustainable architecture and urban design while uncovering the systems and practices adopted by professionals in the industry that are carving out pathways to a more sustainable future and current reality. This live virtual discussion will feature – Architect and Creative Head, Mozaic Dean D'Cruz, Urbanologist and Co-Founder, URBZ Matias Echanove and Eco-Architect Trupti Doshi in conversation with Author, Architectural Journalist, Curator and Editor Apurva Bose Dutta and will look at how we can improve our building and construction processes and approaches as well as our living styles and habits in order to ensure a sustainable existence. This will be followed by AVID’s Eco Reel – Sustainability NOW: Creating Change for a Greener Future – a short film celebrating the champions of sustainability.

To culminate this week of exciting programmes, it will present a live masterclass on The Future of Textiles with Lifestyle Journalist and Sustainability Activist Bandana Tewari – which will look at emerging trends, initiatives and best practices in the textile space as well as analyse future trajectories for the fashion industry as a whole.

Bhushan Kumar's T-Series team up Jubin Nautiyal and Ihana Dhillon for their next single Meri Aashiqui!

Quitx Wellness launches first of its kind app-based cessation program on World No Tobacco Day

Helps users to quit smoking and other forms of tobacco consumption

Mumbai…May 31, 2020…On the occasion of World No Tobacco Day, Quitx Wellness launches first of its kind an app-based smoking and tobacco cessation program  to help users quit smoking and other forms of tobacco consumption. Quitx, the app has been developed and curated using Cognitive-behavioral and Nicotine Replacement Therapies. With the help of the healthcare professionals, Quitx has curated a 90 days cessation program that enables a tobacco user to quit and reduce his nicotine dependence from products like cigarettes, smokeless tobacco products and even bidis.

Study states that there are a total 266.8 million Tobacco users in India out of which 7% use smoking tobacco products, 17% use smokeless tobacco product users, 4% use both the forms. Due to the lack of awareness about the harm, ingrained cultural attitudes and lack of support for cessation escalates the tobacco use in the community, resulting in more than 10 million deaths yearly. Deprived tobacco cessation advice and support acts as a significant barrier for the implementation of tobacco cessation programs. 2 million people enroll for India’s quit tobacco programme in a year but 80% of these tobacco users relapse at least once when trying to quit on their own. 

Francie Patel, co-founder of Quitx Wellness said, ”The first step to quitting is by recognizing and acknowledging the level of dependence on tobacco. The foundation of any cessation program is to understand the users dependence on nicotine and willingness to quit. By keeping these two parameters at the center, Quitx will make the quitting journey a lot easier. It’s an excellent platform for users who want to go cold turkey but are afraid to do so. It will help them make their choice of going cold turkey easy and stay on course by constantly conversing with them and guiding through the process until they achieve their goal.

According to a recent poll-study, 72% of India’s exclusive combustible tobacco users between the age group of 18-24 years have attempted to quit smoking during the COVID19 lockdown. In the wake of the current situation, it is essential to empower these users with the right tools and techniques that will enable them to continue their quit journey. For a high nicotine-dependent user, the probability of him relapsing is very high. If we take advantage of new cessation and harm reduction technologies we can save millions of lives from tobacco-related death.

“Quitx is focused on creating a tailored experience for the smoker during his journey. We understand that every individual’s reasons & triggers for using tobacco  are different and also their cravings and coping mechanisms need to be tailored accordingly. Algorithm-based Cognitive-behavioral therapies have been curated with the help of psychologists who understand the behavioural differences and the need for an effective and efficient program that provides real-time support.” Francie further added.

The start up is currently doing a pilot with limited audience in Mumbai. It will be soon available on the android and iOS app stores. Quitx uses a very empathetic approach in building these cessation programmes. The program uses various techniques and coping mechanisms to engage with the user through in-app interactions. It also offers personalized virtual counseling and access to a community of users trying to quit tobacco. It focuses on understanding a user's  journey, his triggers, his circumstance that led him to his addiction and then curating a quitting or harm reduction programme depending on his own goal. 

Deeksha Joshi took to her Instagram to share her take on Human Revolution

Out now: Gippy Grewal’s sad, romantic song Me & U

May 31^st, 2020, Mumbai: A breakthrough artist from Punjab, Gippy Grewal is among the most popular names in music, with several chartbusters under his belt including Phulkari, Angrezi Beat, Oscar and Car Nachdi among others. As an actor he has to his credit Punjabi blockbusters such as Carry On Jatta, Lucky Di Unlucky Story, Bhaji in Problem and Jatt James Bond, Jihne Mera Dil Luteya.

Known for his upbeat, high tempo dance music, the actor-singer is now out with 'Me & U', a touching, romantic song, presented by Bhushan Kumar's T-Series.

Written by Happy Raikoti, with music by Desi Crew, 'Me & U' is a novelty for Gippy Grewal fans across the globe, who enjoy his range as a versatile artist.

Featuring Gippy Grewal and actor Tania of Punjabi films ‘Qismat’ and ‘Sufna’ fame,  the video of 'Me & U' is directed by Deo Studios and was shot across Canada and India.

The makers went all out to ensure that no stone was left unturned for the music video of this song. Several portions of 'Me & U' were initially filmed in Vancouver. However, it didn't meet the team's standards and further went on to be shot in Toronto and India. The team also worked on the melody of the song several times over until they got it just right.

Talking about what makes this song special, Punjabi sensation Gippy Grewal says, "It's been a while since I've done a sad, romantic song. The last was my single 'Sooraj' with T-Series, so it's always a special surprise for my fans when I come out with a rare song like 'Me & U'. This song has a Punjabi folk element to it. We wanted the Punjabi music listening audience to have a sense of familiarity when they heard it. We also went the extra mile to ensure that everything from the melody, the lyrics and the music video were perfect and something that the audiences will hopefully remember even a decade later."

T-Series presented Gippy Grewal single 'Me & U' is composed by Desi Crew, with lyrics by Happy Raikoti. The music video featuring actor Tania is shot by Deo Studios.  'Me & U' is out now on T-Series' YouTube channel.

Song Link - http://bit.ly/MeAndYou_GippyGrewal

‘Adaptability is crucial in a leader’s life’: Sourav Ganguly in his Live Class on Unacademy

● Close to 30,000 learners attended the Legends on Unacademy Live Class by Sourav Ganguly   

● The former Indian Captain and present BCCI President shared his real life success stories to inspire learners on the platform 

Bengaluru, May 30, 2020: Unacademy, India’s largest learning platform, today conducted a Live Class for its learners by the former Captain of the Indian Cricket team and current BCCI President, Sourav Ganguly, as a part of its Legends on Unacademy program. This Live Class was a phenomenal success with close to 30,000 learners joining the session.

During the live session, which panned over 60 minutes, the renowned cricketer endearingly referred to as ‘Dada’, shared his experiences and lessons on how to stay motivated and continue to pursue dreams. Ganguly elaborated and highlighted various incidents from his life - his formative years, his journey, his role models, and his secrets to success. He also spoke about the leadership qualities that one must possess in order to achieve success in life. 

Ganguly answered multiple questions asked by Unacademy learners including questions like  - ‘Which is the most memorable innings of his cricket career?’, ‘How to handle the expectations of the people around?’, ‘How can one stay consistent to reach a goal?’ and many more.  

Karan Shroff, Vice President, Marketing, Unacademy said, “These are challenging times and we all need to get through this by staying focused and motivated during this phase. At Unacademy, we aim to provide a holistic learning experience to the learners that can help them work through challenges and realise their dreams. Real life lessons and anecdotes from legends such as Sourav Ganguly go a long way in helping young learners stay motivated and conquer obstacles in their budding careers. Having Sourav Ganguly teach on Unacademy has been a privilege and we are thrilled to have been able to touch the lives of thousands of learners through yet another enlightening session of the Legends on Unacademy program.”

Key tips that Ganguly shared during the Live Class:

• Adaptability is one of the key leadership qualities. A leader should tap the natural talents of the team members. You cannot make Rahul Dravid act like Yuvraj or make Yuvraj be Rahul Dravid.
• You have to believe in yourself to achieve what you want to become
• Failure is a pillar to success and inevitable for everyone. You will experience it and you have to realise that there’s a better tomorrow awaiting you.
• Preparation and self-belief can take you places
• Don’t expect people to behave how you would like them to, let them be themselves, adapt and get the best out of them.
• The only way to handle pressure is to live with pressure. The more pressure you handle, the better you become at what you do.
• To be successful, you need to remain focused and know what you want.
• You should always steer your fears away to get the best results.
• Hard work and persistence will lead you to success.
• You have to create your own path to success.
• Mental discipline is important. You should not be worried about what others think of you.
• Don’t get distracted by different opinions, stay focussed and calm.
• The greatest of the leaders make mistakes, but as long as the intentions are right, everything else will fall into place.
• You should learn from your own mistakes and leave them behind to be a better version of yourself.
• Don’t let your losses get you down, that’s a part of growing up.
• Learning from failures will lead you to success.

Earlier in March, Unacademy announced the commencement of the ‘Legends on Unacademy’ program with the idea of bringing legends from different walks of life to teach life lessons through Live Classes. In March, these Live Classes were conducted by legendary cricketers such as Brian Lara, Brett Lee and Jonty Rhodes, through the association with Unacademy Road Safety World Series. In April, renowned personalities like Shashi Tharoor, Kiran Bedi, Virat Kohli, Anushka Sharma and Sunil Gavaskar took Live Classes to inspire learners on the platform. 

About Unacademy:

Unacademy is an education technology platform founded by Gaurav Munjal, Roman Saini, and Hemesh Singh in 2015. It was started as a YouTube channel by Gaurav Munjal in 2010. Headquartered in Bengaluru, Unacademy is India’s largest learning platform that brings expert Educators together with millions of students in need of quality education. With a growing number of more than 10,000 registered Educators and 13 million Learners, Unacademy is changing the way India learns. The Unacademy group consists of Unacademy Subscription, Wifistudy, Chamomile Tea with Toppers, and Let’s Crack it Brands. The company is backed by prominent investors such as General Atlantic, Facebook, Sequoia India, SAIF Partners, Nexus Venture Partners, Steadview Capital, and Blume Ventures.  

To know more download Unacademy Learning App from Play Store, App Store or visit us at https://unacademy.com/

VIBGYOR EduBridge Scholarship Programme to provide financial assistance to parents amidst COVID-19 pandemic

- VIBGYOR launches India’s first of a kind scholarship programme during COVID-19 to assist parents

- VIBGYOR EduBridge Scholarship Programme rolled out across 38 schools across India

May 30, 2020: VIBGYOR Group of Schools has rolled out a first-of-its-kind scholarship programme in India – VIBGYOR EduBridge Scholarship Programme, for the benefit of the parents who have been affected by the ongoing COVID-19 pandemic.  Through this Scholarship programme, VIBGYOR aims to provide financial support to the parents who have been affected due to the sudden lockdown.

The programme has been designed by a team of experts at VIBGYOR who have rolled-out the scholarship in the last seven days and offered support and assistance to parents. The scholarship is aimed at ensuring that continuity of education is maintained and all stakeholders including teachers, students and parents’ needs have been suitably addressed.

VIBGYOR EduBridge Scholarship will be awarded after evaluation of the financial situation of the parents impacted by COVID-19 and the results will be announced by mid-June. Parents across all schools have already been communicated about the scholarship roll-out and have been urged to apply for it to access the benefits of the programme. The feedback from the parents has been extremely positive and they are eager to be a part of this novel programme.

While VIBGYOR will announce the beneficiaries of the scholarship in the coming days, VIBGYOR Group of Schools has engaged its students with virtual learning sessions post lockdown with teachers tutoring them on platforms such as Microsoft Team and TCS iON, sharing assignments and worksheets to maintain continuity in education along with holistic learning through innovative teaching methodologies.

VIBGYOR Group of Schools spokesperson stated that all parents should apply to avail the benefits of the scholarship programme. “We have also rolled out the first of its kind VIBGYOR EduBridge Scholarship Programme across all 38 schools in 14 cities, for the benefit of the parents whose earnings have been impacted by the pandemic and we are wholeheartedly encouraging parents to opt for this programme. While the lockdown continues without any clear sight of when schools will reopen, we are committed to maintain continuity in education through virtual learning and are commencing e-learning across all our schools.”

About VIBGYOR Group of Schools

Founded in 2004, VIBGYOR Group of Schools, recognised as India’s Most Admired Brands in Education 2018, is a leading chain of K-12 schools known for its quality education and academic excellence. The Group offers a unique range of world-class educational services for the holistic development of students in curricular and co-curricular studies across all its schools. Under the leadership of Mr. Rustom Kerawalla, Founder Chairman of the institution, VIBGYOR Group is set to explore new horizons with 39 schools in 14 major cities, reaching out to more than 55000 students nationwide.

VIBGYOR High caters to the students from Grades 1 to 12, and VIBGYOR Kids to the Pre-Primary segment with a student-teacher ratio of 10:1 on an average. VIBGYOR High provides a mixed spectrum of national and international levels of education in affiliation with CISCE, CBSE and

Cambridge International. VIBGYOR Roots and Rise offers CBSE Board curriculum. VIBGYOR Roots caters to Pre-Primary Division while VIBGYOR Rise caters to Primary and Secondary students with a student-teacher ratio of 15:1 on an average.

NEWS MAKERS OF THE WEEK

IRDAI’s working committee recommended enhancing trade credit policy (TCI) cover to 90% from 85%
http://insurancealerts.in/MasterPage/MediaView/18200  

Global insurance rates to be hardest in years: Wells Fargo
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Pandemic gives push to digital technologies
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Government may reassess natural catastrophe insurance pool, focus on small dwellings

http://insurancealerts.in/MasterPage/MediaView/18236 

Post cyclone, claims for damage to property, vehicles poured in, says insurer
http://insurancealerts.in/MasterPage/MediaView/18241 

http://www.insurancealertss.com//Insurance/Service/Asia's%20Best%20and%20Emerging%20Insurance%20Company%20Awards%202020  

T-Series and Gippy Grewal will end your month on a musical note with 'Me & U'; Song Out Tomorrow!

Taapsee Pannu opens up about a life-altering moment in her latest interview for Filmfare Lockdown Conversations

Link: https://www.youtube.com/watch?v=pakshCUdDI0

The ultimate destination of all things Bollywood, Filmfare, is back this week with its coveted video series, Filmfare Lockdown Conversations. Hosted by the editor of Filmfare and B-town influencer Jitesh Pillaai, is seen in a conversation with some of the A-listers of B-town, as they open up about life in lockdown. In the latest episode of the show, one of the most talented and versatile actress, Taapsee Pannu is seen in a candid chat about her journey from being a foodie to a cook, switching between Tamil, Telugu & Hindi movies, her friends, handling rejection among many other interesting things.

While talking to the host Jitesh Pillaai, she goes down memory lane to narrate a life-altering moment while she was shooting for Pink, “When I was shooting for the courtroom sequences for my movie Pink and when I said the line ‘kisko accha lagta hai ki koi chue zabardasti’ that entire interrogation between me and Mr. Bachchan there, I also didn’t realize that I wasn’t acting. By that time I had psyched myself out enough to believe that I was a victim of molestation. I was standing there in front of hundreds of people who are questioning my character right now and talking about my virginity and all those taboo things that we don’t discuss in an open court. After that scene got over and cut was called, I had already broken down in the scene and the entire audience was clapping and Bachchan sir came and hugged me. That day I realized that this can do a lot more to me than what was happening all this while. I have to keep myself open to letting it affect me. That’s what I did in most of my films after that. Every film psyches me out a little because of letting it hit me like that but the output I see is so worth it that I am okay to pay that price of being an actor.”

Watch her talk more on this along with many other facets of her life under this quarantine only on Filmfare Lockdown Conversations. New episodes of the video series release every Tuesday and Friday at 5 PM across Filmfare’s social media platforms.

Himani Shivpuri reveals a funny incident with Salman Khan!

Veteran actor, Himani Shivpuri has been immensely popular with the viewers for her portrayal of Katori Amma in &TV’s Happu Ki Ultan Paltan. The actor has come a long way in her career with several shows, theatre and Bollywood movies to her credit. Going back to her Bollywood days, the actor shares her fond memories of working with Salman Khan and narrates a funny incident while shooting for the movie, Hum Aapke Hain Kaun.

Says Himani, “I remember the first time I met Salman was on the set of the movie, Hum Aapke Hai Kaun. The entire cast and crew were having a brief introduction, including Madhuri.  However, Salman just came before the scene, so we did not get a chance to have a formal introduction. While we were shooting our first scene together, he called me Chachi Jaan and suddenly lifted me. At first, I was shocked because I wasn’t expecting this as it wasn’t a part of the script, besides it was the first-ever interaction. But that broke the ice, and we all had a hearty laugh over it later.”

Himani Shivpuri shares a special bond with Bajrangi Bhaijaan actor and has done numerous films with him including Bollywood blockbusters such as Kuch Kuch Hota Hai, Biwi No. 1, Dulhann Hum Le Jayenge, etc. among others.

Amid the lockdown, Himani has been spending a lot of time catching up on her shows and movies. And while watching HAHK, she reminiscence her first meeting with Salman Khan. She further added, “Since we all are home these days, I decided to utilise the time binge-watching episodes of my show Happu Ki Ultan Paltan alongside a couple of my movies. And that’s when I recollected this incident that brought a broad smile on my face.”

Zee Yuva | 'अजिंक्यतारा' प्रसाद ओकच्या आठवणींना उजाळा!!!

आपल्या सगळ्यांच्या लाडक्या 'सा रे ग म प' या स्पर्धेला यंदा २५ वर्षं पूर्ण झाली. यानिमित्ताने  'एक देश एक राग' हा खास आणि दिमाखदार सोहळा अनुभवण्याची संधी 'झी युवा' वाहिनीवर मिळणार आहे. २५ वर्षांच्या प्रवासात विविध पर्व आपण पाहिली आहेत. 'एक देश एक राग'च्या निमित्ताने 'सा रे ग म प'च्या कुटुंबातील अनेक सदस्य पुन्हा एकत्र आल्यामुळे, आठवणींना उजाळा मिळाला. मराठी सेलिब्रिटी मंडळींच्या पर्वाचा विजेता प्रसाद ओक याच्याही अनेक आठवणी ताज्या झाल्या आहेत.

या स्पर्धेत सहभागी होण्याची मिळत असलेली संधी नाकारण्याचा केलेला विचार, ते स्पर्धेचा विजेता होणे, असा अभिनेता प्रसाद ओक याचा प्रवास खूपच अप्रतिम ठरला होता. तो काळ म्हणजे सुवर्णकाळ होता असं सांगायला प्रसाद ओक कधीही विसरत नाही. दिवसभर सुरु असलेलं चित्रीकरण, त्यानंतर रात्री उशिराने मिलिंद इंगळे यांच्या घरी जाणं, रियाज करणं अशा कठोर मेहनतीनंतर, त्याने हे विजेतेपद मिळवले आहे. 'अजिंक्यतारा' प्रसाद ओक अशी बिरुदावली मिळाल्यामुळे त्याला खूप आनंद झाला होता. 'एक देश एक राग'मध्ये सहभागी झाल्यामुळे या सगळ्या आठवणींना उजाळा मिळाला असल्याचे प्रसाद ओक यांनी म्हटले आहे.

'सा रे ग म प'च्या कुटुंबियांनी एका अनोख्या पद्धतीने एकत्र येऊन २५ वर्षे पूर्ण झाल्याचा आनंद साजरा केला. सेलिब्रिटी पर्वाचा विजेता प्रसाद ओकसह अनेक गायक, कलाकार मंडळी यात सहभागी झाली होती. हा दिमाखदार सोहळा 'झी युवा' वाहिनीवर रविवार  ३१ मे  या दिवशी संध्याकाळी ७   वाजता पाहायला विसरू नका.

Jubilant Life Sciences – Q4 & FY20Results

Noida, Friday, May 29, 2020

§  FY20 Revenue at Rs 9,154 Crore; Q4’FY20 Revenue at Rs 2,391 Crore

§  FY20 EBITDA at Rs 1,995 Crore up 12% YoY; Q4’FY20 EBITDA at Rs 556 Crore up 58% YoY

The Board of Jubilant Life Sciences Limited, an integrated global pharmaceutical and life sciences company met today to approve financial results for the quarter ended March 31, 2020.

Commenting on the Company’s performance, Mr. Shyam S Bhartia, Chairman and Mr. Hari S Bhartia, Co-Chairman & Managing Director, Jubilant Life Sciences said:

“We are glad to report record profits in FY20 with improvement in margins across all the business segments. The Q4FY20 performance was impressive with EBITDA growth of 58% YoY. Despite the Covid-19 led challenges, we continue to experience strong demand across most of our businesses. Our leadership position in all the segments we operate in ensures positive outlook for business performance and healthy cashflow generation to reduce leverage.”

Pharmaceutical segment recorded revenue of Rs 5,714 Crore during FY20 as against Rs 5,349 Crore in FY19. The 7% YoY revenue growth during the year was driven by better performance in all three key business lines. EBITDA was at Rs 1,555 Crore, up 13% YoY with margin at 27.2%, as compared with 25.7% in FY19.

LSI segment’s FY20 revenue was at Rs 3,179 Crore as against Rs 3,545 Crore last year. LSI’s FY20 EBITDA was at Rs 431 Crore vs. Rs 445 Crore last year with margin at 13.6% vs. 12.6% last year.

The Drug Discovery Services business’ FY20 revenue increased to Rs 262 Crore from Rs 217 Crore with 28.1% EBITDA margin in the current year as against 8.3% EBITDA margin in FY19. In view of the strong demand, we are making investments in this business to double capacities over the next 2-3 years.

In our Proprietary Drug Discovery business, we are working on more than six programs targeting small molecule therapies in the area of oncology and auto-immune disorders with two programs moving to the clinic next year.

During the year, the company reduced its Net Debt by Rs 514 Crore and is focused on further deleveraging by generating healthy levels of cashflows.

Company signed Licensing Agreement with Gilead Sciences to register, manufacture and sell Gilead’s investigational drug, remdesivir, a potential therapy for Covid-19 in 127 countries including India, and is working towards launching the drug in July 2020.

The Company has taken several measures to tide over the COVID-19 induced challenges. We are confident of delivering sustained growth in the medium term on the back of our leadership position in various businesses and growth strategies.

Q4’FY20 Highlights

Consolidated

·         Revenue at Rs 2,391 Crore, as compared with Rs 2,386 Crore in Q4’FY19

·         EBITDA at Rs 556 Crore increased 58% YoY and 8% sequentially. EBITDA margin at 23.3% vs. 14.7% in Q4’FY19 and 22.2% in Q3’FY20

·         Adjusted EBITDA after one-off expenses at Rs 568 Crore up 46% YoY from Rs 388 Crore in Q4’FY19. Adjusted EBITDA margin for the quarter was 23.7% vs. 16.3% in Q4’FY19

·         Finance costs at Rs 71 Crore vs. Rs 62 Crore in Q4’FY19 and Rs 72 Crore in Q3’FY20

·         Net Profit at Rs 260 Crore as compared with Rs (99) Crore in Q4’FY20. EPS of Rs 16.4 vs. Rs (6.4) in Q4’FY19

o   Q4’FY19 had an Exceptional charge of Rs 235 Crore related to settlement of IFC convertible loan

·         Normalised PAT at Rs. 260 Crore vs. Rs 135 Crore in Q4’FY19. Normalised EPS at Rs. 16.4 vs. Rs 8.5 in Q4’FY19

·         Capex in Q4’FY20 of Rs 89 Crore

·         Net debt on a constant currency basis lower by Rs 297 Crore during Q4’FY20

·         In Q4’FY20, Company announced and paid an Interim Dividend @ 500% i.e. Rs. 5 per share of Rs 1 paid up for FY20, which is the Final dividend for the year as well

Segment Wise Analysis

A.    Pharmaceuticals Segment

·         Pharmaceuticals revenue at Rs 1,483 Crore, an increase of 6% YoY and 2% QoQ. Specialty Pharma and Generics segments increased by 13% YoY and 17% YoY, respectively. CDMO revenue decreased 13% YoY due to Covid-19 related disruption at the API plant in March

·         Pharmaceuticals EBITDA at Rs 429 Crore, an increase of 50% YoY with margin of 28.9% as compared to 20.3% in Q4’FY19 and 28.4% in Q3’FY20

·         Pharmaceuticals adjusted EBITDA at Rs 440 Crore increased by 37% YoY with a margin of 29.7% as compared to 22.9% in Q4’FY19

·         R&D spent during the quarter of Rs. 42 Crore – 2.9% to segment sales. R&D debited to P&L is Rs. 43 Crore – 2.9% to segment sales

·         During the quarter, the Company transferred the India Branded Pharmaceuticals business to its indirect subsidiary, Jubilant Generics Limited.

B.    Life Science Ingredients Segment

·         LSI revenue in Q4FY20 at Rs 823 Crore compared to Rs 912 Crore in Q4FY19

·         EBITDA at Rs 118 Crore increased by 17% YoY and 18% QoQ with margin of 14.4% as compared to 11% in Q4’FY19

C.     Drug Discovery & Development Solutions¹ Segment

·         DDDS revenue increased by 25% YoY to Rs 85 Crore led by growth in Drug Discovery Services business

·         EBITDA at Rs 35 Crore as compared to Rs (1) Crore in Q4’FY19 with margin improved to 40.7% from (1.1)% in Q4’FY19.

1.        Drug Discovery & Development Solutions include the Drug Discovery Services (Jubilant Biosys & Jubilant Chemsys) business and Proprietary Drug Discovery business (Jubilant Therapeutics)

FY20 Highlights

Consolidated

·         Revenue at Rs 9,154 Crore up from Rs 9,111 Crore in FY19

·         Reported EBITDA at Rs 1,995 Crore increased by 12% YoY. EBITDA margin at 21.8% against 19.5% in FY19, an increase of 231 bps

·         Adjusted EBITDA after one-off expenses at Rs 2,066 Crore vs. Rs 1,860 Crore in FY19, growth of 11% YoY. Adjusted EBITDA margin in FY20 was 22.6% vs. 20.4% in FY19

·         Finance costs at Rs 287 Crore as compared to Rs 220 Crore in FY19.

·         Net Profit at Rs 898 Crore up 56% YoY. EPS of Rs 56.4 vs. Rs 36.9 in FY19

o   FY20 exceptional charge of Rs 35 Crore was related to Rs 23.3 Crore charge for prepayment of high yield bonds and NCDs and Rs 11.3 Crore related to asset write-off. FY19 exceptional charge of Rs 280 Crore was related to settlement of IFC convertible loan

·         Normalised PAT at Rs. 933 Crore vs. Rs 855 Crore in FY19. Normalised EPS at Rs. 58.6 vs. Rs 53.7 in FY19

·         Capex in FY20 of Rs 516 Crore

• Net debt lower by Rs 514 Crore during FY20

Segment Wise Analysis

D.    Pharmaceuticals Segment

·         Revenue at Rs 5,714 Crore, increased by 7% YoY, led by growth in all three revenue segments with 7% growth in Specialty Pharma, 5% growth in CDMO and 10% growth in Generics

·         EBITDA at Rs  1,555 Crore up 13% YoY with a margin of 27.2% as compared to 25.7% in FY19

·         Adjusted EBITDA at Rs  1,619 Crore increased 11% YoY with a margin of 28.3% as compared to 27.2% in FY19

·         R&D spent during FY20 at Rs. 228 Crore – 4% to segment sales. R&D debited to P&L is Rs. 199 Crore – 3.5% to segment sales

E.     Life Science Ingredients Segment

·         LSI revenue at Rs 3,179 Crore vs Rs 3,545 crore during FY19. Strong growth witnessed in Specialty Intermediates and Nutritional Products

·         EBITDA at Rs 431 Crore with margin of 13.6% as compared to 12.6% in FY19.

·         Adjusted EBITDA at Rs 440 Crore, with a margin of 13.8% as compared to 12.6% in FY19

F.     Drug Discovery & Development Solutions Segment

o   DDDS segment revenue increased 21% YoY to Rs 262 Crore

o   EBITDA increased by over three times to Rs 73 Crore from Rs 18 Crore FY19; FY20 margin at 28.1% up from 8.3% in FY19

·         FY20 exceptional charge of Rs 35 Crore was related to Rs  23.3 Crore charge for prepayment of high yield bonds and NCDs and Rs 11.3 Crore related to asset write-off in Q3’FY20

·         Q4’FY19 and FY19 exceptional charge of Rs 235 Crore and Rs 280 Crore was related to settlement of IFC convertible loan

Earnings Call details

The company will host earnings call at 5.00 PM IST on May 29, 2020, to discuss the performance and answer questions from participants.

Participants can dial-in on the numbers below

Primary Number: + 91 22 6280 1141 / + 91 22 7115 8042

Local Access Number: +91-7045671221 (Available all over India)

Toll Free Numbers:

USA: 1 866 746 2133

UK: 0 808 101 1573

Singapore: 800 101 2045

Hong Kong: 800 964 448

About Jubilant Life Sciences Limited

Jubilant Life Sciences Limited is an integrated global pharmaceutical and life sciences company engaged in Pharmaceuticals, Life Science Ingredients and Drug Discovery & Development Solutions businesses. Pharma business through Jubilant Pharma Limited Singapore (JPL) is engaged in manufacturing and supply of Radiopharmaceuticals with a network of over 50 radio-pharmacies in the US, Allergy Therapy Products, Contract Manufacturing of Sterile Injectibles & Non-sterile products, APIs and Solid Dosage Formulations through six USFDA approved manufacturing facilities in the US, Canada and India. The Life Science Ingredients segment, is engaged in Specialty Intermediates, Nutritional Products and Life Science Chemicals through five manufacturing facilities in India. Drug Discovery & Development Solutions comprises Drug Discovery Services (DDS) business through Jubilant Biosys Limited & Jubilant Chemsys Limited and Proprietary Drug Discovery business through Jubilant Therapeutics. DDS provides innovation and collaborative research through two world class research centers in Bangalore and Noida in India and Proprietary Drug Discovery is an innovative biopharmaceutical company developing breakthrough therapies in the area of oncology and auto-immune disorders. Jubilant Life Sciences Limited has a team of around 8,000 multicultural people across the globe and is committed to deliver value to its customers across over 100 countries. The Company is well recognized as a ‘Partner of Choice’ by leading pharmaceuticals and life sciences companies globally. For more info: www.jubl.com.