Syngene International gains 5% on healthy March quarter results

The company's profit after tax rose 20 per cent to Rs 120 crore relative to last year's profit of Rs 100 crore.

Shares of Syngene International were up 5 per cent at Rs 342 on the BSE on Thursday after the company reported a healthy 24 per cent year on year (YoY) growth in Ebitda (earnings before interest, taxes, depreciation and amortization) at Rs 225 crore in the March quarter of FY20 (Q4FY20). Ebitda margin, too, expanded by 300 basis points to 36 per cent from 33 per cent in year ago quarter.

The company posted quarterly revenue of Rs 628 crore, an jump of 13 per cent YoY from the corresponding quarter last year, when it had posted a revenue of Rs