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Indian drug-maker Jubilant Organosys Ltd plans capex of about 4 billion rupees in FY11, mainly aimed at further expanding its contract, research and manufacturing services (CRAMS) business, a top executive said on Monday.Noida-based Jubilant is looking to expand in Japan, R Sankaraiah, executive director-finance told reporters on a conference call."As of now we are identifying the products, we can sell in the Japanese markets with the help of right kind of distribution network. We are having regular meetings and discussions for taking forward our API and dosage form products."Jubilant will also use the capex for setting up its new vitamins business plant with a capacity of 10,000 tonnes per year, he added.It also plans to expand its existing active pharmaceutical ingredients (APIs) plant and was looking to launch new products such as sartans drugs.The executive said the sartans products were expected to expire in different markets at different times, and the company was looking to expand its production capacity to cater the increasing demand.Q4 RESULTS ABOVE STREET VIEWEarlier in the day, Jubilant reported quarterly profit that beat analysts expectations, and said it was very well placed to capitalize on outsourcing opportunity and report a healthy top-line and EPS growth.For the Jan-March quarter, the company earned 1.37 billion rupees, compared with 123.7 million rupees, a year ago.A Reuters poll of brokerages had forecast net profit of 1.30 billion rupees for the quarter.Net sales were up about 18 percent to 9.90 billion rupees, mainly helped by strong performance of the pharma and life sciences products and services (PLSPS) segment.Jubilant said its revenue from CRAMS was up 17 percent to 5.72 billion rupees."Revenue from CRAMS has been growing for them. They have made a lot of capex in the past. Going forward, this capex will be driving the growth for them," Centrum Broking analyst Sriram Rathi said by phone.Shares of Jubilant closed up 2.4 percent at 344 rupees in a firm Mumbai market.(Reporting by Ashutosh Joshi; Editing by Ramya Venugopal)
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