Syngene International Q3 Results Review - Growth Momentum Maintained: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct Report.Syngene International Ltd.'s revenues came at Rs 785.9 crore, up 22.5% YoY. This was mainly driven by strong execution, which led to such a robust performance across all divisions.On the segmental front, growth in its research division was supported by both Discovery Services and dedicated centres. In development and manufacturing segment, repeat orders from existing customers, with its continuous efforts in increasing the number of collaborations with emerging biopharma companies drove a robust performance.Gross profit margin improved 59 basis points YoY to 73.8%. Ebitda came in at Rs 246.6 up 21.2% YoY whereas margins corrected 33 bps YoY to 31.4%. Profit after tax was at Rs 109 crore (up 5.4% YoY) with margins at ~14%.Revenues from commercial manufacturing of Librela are expected from the coming year.It continues to witness growing demand in its main established markets of U.S. and Europe.Syngene continues to build capability and capacity in the research business by upgrading technology capabilities across platforms, therapeutic areas along with expansion for Hyderabad centre..Click on the attachment to read the full report:.Granules India Q3 Results Review - Paracetamol Led Earnings Growth For The Quarter: Motilal Oswal.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Syngene International Q3 Results Review - Growth Momentum Maintained: ICICI Direct

In line numbers with margin beat.

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