Syngene

Syngene downgrades its revenue guidance by 5% on Librela inventory impact

Syngene trims FY26 revenue guidance by up to 5% as inventory correction for veterinary drug Librela hits profits, even as core research and CDMO business grows

Syngene International Q3 net profit plunges 89%, revenue slips 3%

Librela inventory correction and one-time labour code costs weigh on earnings

Syngene Q1 PAT up 59% to ₹87 crore, operational revenue rises 11%

Syngene's Q1 FY26 profit rose to Rs 87 crore as Research Services drove contract conversions, while operational revenue rose 11 per cent to Rs 875 crore

Syngene Q4 results: PAT down 3%, revenue from ops up 11% to ₹1,018 cr

Bains further noted that after a subdued first half, impacted by a sector-wide downturn in US biotech funding, the second half of the year showed signs of recovery

Syngene International Q3 results: PAT rises 17.6%, revenue up 10.6%

During the quarter, Discovery Services launched "China+1" pilots with large and mid-size pharma companies and converted them into long-term contracts. Growth signals stabilizing

Syngene Q3 results: Net profit rises 17% to Rs 131 cr, revenue at Rs 944 cr

Contract research and manufacturing services firm Syngene International on Thursday said its profit after tax rose 17 per cent on-year to Rs 131 crore in the December 2024 quarter. The company had reported a profit after tax (PAT) of Rs 112 crore in the year-ago period. Revenue from operations rose to Rs 944 crore during the October-December quarter against Rs 854 crore in the third quarter of the preceding fiscal, Syngene International said in a statement. "The company's third-quarter performance saw a return to growth across all business divisions that sets us up well for the next quarter," Syngene International MD and CEO Jonathan Hunt said. Growth in the quarter suggests that market dynamics, particularly in US biotech, are stabilising, albeit later than expected, he added. Shares of the company ended 2.44 per cent higher at Rs 847.25 apiece on the BSE.

Nandish Shah of HDFC Securities suggests 'Bull Spread' strategy on Syngene

Short term trend of the Syngene remains strong as it is placed above its 5. 11 and 20 day EMA.

Berger Paints, Persistent: 5 oversold stocks that can bounce back up to 10%

HDFC Life, CoForge and Syngene are the other 3 stocks trading in oversold zone; Technically a RSI reading below 30 on the charts is considered oversold; here are the key levels.

Syngene Q4 results: Net profit up 6% to Rs 189 cr, revenue declines 8%

Syngene International shares ended the day's trade on BSE at Rs 694.2 apiece, down one per cent

Falling biotech funding may be a bitter pill to swallow for CDMOs

Indian CDMOs are focusing on big biotech clients, and going forward, they believe the funding issues will not last long

Syngene's playbook: 50% revenue from contract manufacturing in 2-3 years

Acquisition of Stelis facility saves $15 million in capex in FY24

Syngene International's PAT rises 21% at Rs 179 cr in March quarter

Contract manufacturing services firm Syngene International on Wednesday said its profit after tax rose 21 per cent to Rs 179 crore during the March quarter. The Bengaluru-based firm had reported a Profit After Tax (PAT) of Rs 148 crore in the year-ago period. Revenue from operations rose to Rs 994 crore in the fourth quarter as compared with Rs 758 crore in the corresponding period of the last year, Syngene International said in a statement. For FY23, the company reported a PAT of Rs 464 crore, up 17 per cent, as against Rs 396 crore in the 2021-22 fiscal. Revenue from operations rose to Rs 3,193 crore in FY23 as compared with Rs 2,604 in 2021-22 fiscal. "All business divisions delivered growth through the year triggering investment in additional laboratory capacity and new facilities at our campuses in Bengaluru and Hyderabad, as well as creating over 1,000 new jobs," Syngene International Managing Director and CEO Jonathan Hunt said. Looking ahead, the company is optimistic abo

Syngene International Q1 PAT slips 4% to Rs 74 cr; revenue rises 8%

Contract manufacturing services firm Syngene International on Wednesday reported a 4 per cent decline in profit after tax to Rs 74 crore for the first quarter ended June 2022. The company had posted a PAT of Rs 77 crore in the April-June quarter of last fiscal. Its revenue from operations rose to Rs 644 crore in the first quarter against Rs 595 crore in the year-ago period, the company said in a statement. The first quarter results were against a strong quarter last year due to sales of Remdesivir, it added. Excluding the impact of Remdesivir, the underlying revenue from operations growth in the quarter stood at around 30 per cent year-on-year, it stated. "The first quarter results were in line with our expectations and reflect strong underlying performance across all our business divisions. The contribution from the development and manufacturing services divisions drove the growth momentum against a low base in the previous year," Syngene International MD and CEO Jonathan Hunt ..

Deal with Zoetis could be worth $500 mn in 10 yrs: Syngene In'l chief

In a Q&A, Jonathan Hunt, MD & CEO of the Biocon arm, dwells on his firm's initiatives to overcome supply chain bottlenecks and other issues

Biocon arm Syngene ends contract with Bioinnovat Research over graft case

Guljit Sethi of Bioinnovat was named in CBI FIR on a bribery case involving CDSCO official and Biocon Biologics executive

Manufacturing segment will grow fast over the next decade: Syngene CEO

In a Q&A, Jonathan Hunt talks about his company's capex plans and strategic initiatives going forward

Syngene, 3DC ink pact for advancing therapeutic discovery projects

Syngene International on Thursday said it has signed an agreement with Deerfield Discovery and Development Corporation (3DC)to collaborate for five years to advance therapeutic discovery projects.

Syngene: Investors with long term view should look at the stock on dips

While Covid-19 could is a near term opportunity, contract manufacturing is the key medium-term trigger

Syngene International surges 9% on ICMR nod for its Covid-19 test kit

The product will be launched once it receives approval from the Central Drugs Standard Control Organisation (CDSCO) next.

Syngene announces commissioning of first phase of R&D center in Hyderabad

Syngene currently operates through multiple facilities in Bengaluru spread across an area of 1.5 million square feet