Particle.news

Download on the App Store

Jubilant Pharmova Q1 Profit Plunges 79% as CFO Resigns; Shares Slide

Management is targeting up to eight annual product launches to support its global expansion strategy.

Overview

  • Jubilant Pharmova’s net profit for Q1FY26 fell 78.65% year-on-year to ₹102.90 crore from ₹482.10 crore.
  • Revenue from operations rose 9.2% to ₹1,878.9 crore in the June quarter.
  • CFO Arvind Chokhany resigned following the earnings release, triggering a 4.2% decline in the share price on the BSE.
  • The company plans to launch six to eight products annually in US and non-US markets and ramp up exports.
  • Global clinical trials for JBI-802 and JBI-778 are actively enrolling patients, reflecting ongoing R&D progress.