Syngene Q4 Review - Growth Trajectory Maintained; Outlook Upbeat: ICICI Direct
Syngene Internation R&D facility (image Company website).

Syngene Q4 Review - Growth Trajectory Maintained; Outlook Upbeat: 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.'s FY21 revenue grew 8.6% year-on-year to Rs 2,184 crore driven by steady growth across all divisions.

Adjusting for loss of export incentives, revenues grew 12% in FY21.

Ebitda margins remained flat YoY at 30.8% with better gross margins being offset by higher employee cost amid higher headcount.

Ebitda grew 8.7% YoY to Rs 672 crore. Adjusted profit after tax grew 4.4% YoY to Rs 382 crore.

Delta vis-a-vis Ebitda was due to higher depreciation and lower other income partially offset by lower tax rate.

Click on the attachment to read the full report:

ICICI Direct Syngene Q4FY21 Result Review.pdf


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