Headline : Syngene International Q4 Results: Profit Up 5.5% At Rs 188.6 Crore, Revenue Falls

Read more from the original article on here at www.ndtvprofit.com.

---

No. of Paragraph 5

Syngene International Ltd.'s consolidated net profit rose 5.54% in the fourth quarter of financial year 2024, and beat analysts' estimates.

The contract research and manufacturing services firm posted a profit of Rs 188.6 crore in the quarter-ended March, in comparison with Rs 178.7 crore in the year-ago period, according to an exchange filing on Wednesday. Analysts tracked by Bloomberg had estimated a profit of Rs 155.7 crore.

“While the fourth quarter performance came in lower than expected, the underlying driver reduced demand for research and development services within US biotech stemming from a difficult funding environment—is well-understood and already showing positive signs of recovery," said Jonathan Hunt, managing director and chief executive officer at Syngene International.

"Looking ahead, we expect revenue growth in fiscal year 2025 to be in the range of high single-digits to low double-digits, with momentum building up during the year. We expect the Ebitda margin to be similar to the level delivered in fiscal year 2024 and PAT growth in single digits," he said.

Read more from the original article on here at www.ndtvprofit.com.

Related Headlines : Syngene International Q4 Results: Profit Up 5.5% At Rs 188.6 Crore, Revenue Falls (in Google.com):

Hello, below you have a "Web" tab to read more content and an "Image" tab to get related pictures

Example : Trends, Country, News, Jobs, Scholarships, Investment, Business, Politics, Adverts, Fashion, Events, Technology and more.