Syngene International Ltd. saw a decline in its share price after announcing its fourth-quarter earnings. The company's financial performance for the quarter ending March 2025 fell short of market expectations, leading to a significant drop in market capitalisation.
For the fourth quarter, Syngene reported an 11% increase in revenue, reaching Rs 1,018 crore, compared to Rs 917 crore in the same period last year. However, this was below the Bloomberg estimate of Rs 1,048.8 crore. The company's Ebitda rose by 8.4% to Rs 344 crore, falling short of the estimated Rs 364.8 crore. The Ebitda margin narrowed to 33.8% from 34.6%, against an expected 34.8%.
Net profit for the quarter decreased by 2.8%, amounting to Rs 183 crore, compared to Rs 189 crore in the previous year, missing the estimate of Rs 192.9 crore. Despite the weaker-than-expected results, the board recommended a final dividend of Rs 1.25 per share.
The earnings report led to a significant loss in market capitalisation, with Syngene International losing over Rs 3,000 crore in value. This performance placed the company among the top midcap and small-cap losers for the day.
The scrip fell as much as 10.16% to Rs 673 apiece. It pared losses to trade 9.92% lower at Rs 674.80 apiece, as of 10:49 a.m. This compares to a 0.22% advance in the NSE Nifty 50 Index.
It has fallen 2.77% in the last 12 months. Total traded volume so far in the day stood at 40 times its 30-day average. The relative strength index was at 39.
Out of 11 analysts tracking the company, seven maintain a 'buy' rating, one recommends a 'hold,' and three suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 24.8%
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