Business Standard

Syngene International Q1 net profit increases by 26% to Rs 93 crore

Contract manufacturing services firm Syngene International on Wednesday said its consolidated net profit increased 26 per cent to Rs 93 crore in the June quarter

loans, rates, interest, investment, returns, earnings, growth, loss, profit

The company had reported a net profit of Rs 74 crore in the April-June quarter of last fiscal.

Press Trust of India New Delhi

Listen to This Article

Contract manufacturing services firm Syngene International on Wednesday said its consolidated net profit increased 26 per cent to Rs 93 crore in the June quarter.
The company had reported a net profit of Rs 74 crore in the April-June quarter of last fiscal.
Revenue rose to Rs 832 crore for the first quarter of the current fiscal as against Rs 660 crore in the year-ago period, Syngene International said in a regulatory filing.
Syngene International Chief Financial Officer Sibaji Biswas said the financial performance of the company is in line with the revenue growth guidance for the year on a constant currency basis.
"We made investments in growing our portfolios in biologics manufacturing and discovery services. Despite these investments, the company will continue to maintain a strong balance sheet and a low debt profile," he added.
Shares of the company on Wednesday ended 1.84 per cent down at Rs 761.65 apiece on the BSE. 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 26 2023 | 8:33 PM IST

Explore News