Syngene International Q2 Results: Syngene International Ltd reported a 9.4% decline in its consolidated net profit for the second quarter of the current fiscal year. The company posted a net profit of Rs 106 crore for the quarter ending September, compared to Rs 117 crore during the same period last year.
Also Read: IREDA Shares Decline 9.31% to Four-Month Low as Q2 Profit Misses Estimates; know more on this
The contract research and manufacturing services firm saw its revenue dip 2.1% year-on-year, from Rs 910 crore to Rs 891 crore in Q2 FY25. This marks a slight decline in the company’s financial performance over the year.
Syngene’s earnings before interest, taxes, depreciation, and amortization (EBITDA) also decreased by 3.9%, falling from Rs 254 crore to Rs 244 crore. The company’s EBITDA margin narrowed to 27.4%, down from 27.9% in the corresponding quarter last year, reflecting tighter profitability.
Also Read: Zomato Increases Platform Fee by 67% to ₹10 Amid “Festive Rush” – Know More!
In terms of net profit, the company recorded a drop of 9.4%, with the figure standing at Rs 106 crore, compared to Rs 117 crore in the same quarter of the previous financial year. This reduction highlights challenges faced by the company in maintaining growth amid market pressures.
Syngene’s shares ended 0.13% lower at Rs 837.85 on the BSE, slightly outperforming the benchmark Sensex, which fell by 0.17% on the same day.
