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RPG Life Sciences Limited — Earnings Release 2021
Jul 31, 2020
60243_rns_2020-07-31_f151acb6-6dd8-42ee-8b4d-7ea71b7bcc84.pdf
Earnings Release
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July 31, 2020
To,
The Manager Listing Department BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Floor Exchange Plaza, 5th Floor 25, P.J. Towers Plot No. C1, ‘G’ Block, Bandra-Kurla Complex Dalal Street Bandra (East), Mumbai 400 051. Mumbai 400 001.
Symbol: RPGLIFE
Scrip code: 532983
Dear Sirs,
Sub: Press Release - Financial Results
Please find enclosed herewith a copy of press release with respect to Unaudited Financial Results of the Company for the quarter ended June 30, 2020.
Kindly take the above on record.
Thanking you,
Yours faithfully, For RPG Life Sciences Limited
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Rajesh Shirambekar Head – Legal & Company Secretary Encl: as above
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Quarter 1 PBT grew by 309% Q-o-Q and 18% Y-o-Y. Revenue from operations grows by 3% Q-o-Q.
Mumbai, 31[st] July, 2020 : RPG Life Sciences Limited has announced its financial results for the quarter ended 30[th] June 2020.
| Q1 FY 21 Highlights | YoY Net Revenue from Operations | YoY PBT from Operations |
|---|---|---|
| Rs 91.65 crores–down from Rs 94.04 crores | Rs 12.83 crores – up from Rs 10.86 crores |
RPG Life Sciences, engaged in the manufacturing and marketing of pharmaceutical products, posted a jump in profits by 18% Y-o-Y for Q1 FY 21. Revenue from Operations at Rs. 91.65 crores had a decline of -2.5%, however, EBITDA margins improved from 16.5% to 18.9% Y-o-Y.
Mr. Yugal Sikri, Managing Director, RPG Life Sciences Ltd. said, “The overall performance of the Company in the first quarter of this fiscal has been satisfactory, particularly in view of unprecedented business environment due to Covid-19 pandemic. Despite a marginal drop in revenue y-o-y, the profits increased by 18%. Better product mix and opex control helped in improving the overall profitability. Domestic Formulations, the biggest contributor of our business, will continue to be our thrust area. The measures that contributed to our turnaround last year will continue to drive our operations and these are product portfolio augmentation, life cycle management of our ‘text book’ brand assets, sales force effectiveness, sales hygiene and opex control. In June 2020, we also commercialized generic version of a complex generic product, Prolonged Release Sodium Valproate formulation, for our UK customer after its successful approval by UK MHRA.”
RPG Life Sciences Ltd (www.rpglifesciences.com):
RPG Life Sciences Ltd, part of RPG Enterprises, is an integrated pharmaceutical Company operating in the domestic and international markets in the branded formulations, global generics and synthetic APIs space. The Company is a research-based pharmaceutical Company, producing a wide range of quality, affordable medicines. Its brands are highly trusted by healthcare professionals and patients.
RPG Enterprises (www.rpggroup.com):
RPG Enterprises, established in 1979, is one of India’s fastest growing business Groups with a turnover of US$ 4 Billion. The Group has diverse business interests in the areas of Infrastructure, Tyres, Pharma, IT and Speciality as well as in emerging innovation-led technology businesses.
Media Contact: Sumeet Chatterjee Senior Vice President – Group Communications [email protected] +91 9820340650
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