Syngene International on Wednesday reported a 20 per cent rise in its consolidated net profit to Rs 120 crore for the quarter ended March 31, 2020, driven by robust growth in its main divisions.
The company had posted a net profit of Rs 100 crore for the corresponding period of the previous fiscal, Syngene International said in a statement.
Consolidated total income of the company rose to Rs 628 crore as against Rs 555 crore for the same period year ago, it added.
"I am pleased to announce solid revenue growth of 13 per cent in the fourth quarter against a strong corresponding quarter last year. The quarter saw our two main divisions; Discovery Services and Development Services, both turn in a strong performance," Syngene International MD and CEO Jonathan Hunt said.
Consolidated net profit of the company for the year ending March stood at Rs 412 crore as against Rs 332 crore in 2018-19, the statement said.
Consolidated total income of the company rose to Rs 2,094 crore in 2019-20 as against Rs 1,901 crore, it added.
Shares of Syngene International Ltd closed at Rs 325.30 on BSE, up 1.91 per cent from the previous close.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app