Syngene International Q3 Review - Guidance Raised On Upbeat Numbers, Outlook: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Syngene International Ltd. reported upbeat numbers in Q3 FY22. Revenue grew 9.7% YoY to ~Rs 641.4 crore driven by discovery sciences and dedicated centres while development services and manufacturing services also maintained sustained performance. Ebitda margins improved 157 basis points YoY to 31.7%, mainly due to lower other expenditure off-setting the rise in raw material expenditure. Net profit grew 1.8% YoY to Rs 104 crore. Syngene International’s integrated drug discovery platform, continued to attract new clients as well as expand business from existing client. The company also signed the extension of the long-standing, multi-discipline research collaboration with Amgen this quarter and remains a compelling play in the contract research organisation space with elite client profile like Amgen, Zoetis, Herbalife, GlaxoSmithKline Pharmaceutical Ltd., etc..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Syngene International Q3 Review - Guidance Raised On Upbeat Numbers, Outlook: ICICI Direct

Syngene International Q3 Review - Guidance Raised On Upbeat Numbers, Outlook: ICICI Direct

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