Syngene International539268Contract research and
Syngene International reported 13% sequential growth in Q2 FY27 driven by CDMO business, with stock up 6%, while maintaining full-year guidance of single-digit revenue decline
By ScoutQuest · · 1 min read
- Sequential growth this quarter
- 13 percent
- Stock move today
- 6 percent
- EBITDA margin this quarter
- 18 percent
- Historical EBITDA margin target
- mid 20s percent
Heard on business television between 12:01:51 - 12:04:51 IST.
- MD & CEO Siddharth Mittal said Q2 showed 13% sequential growth driven by the CDMO business despite the absence of Liberala supplies to Zoetis this quarter, unlike the year-ago quarter.
- Said year-on-year there was a de-growth due to the Liberala comparison, but called the sequential improvement a 'green shoot'.
- Maintained full-year guidance of single-digit revenue decline in INR terms, with a turnaround expected in FY28.
- Reported 18% EBITDA margin this quarter despite high forex losses, and expects cost optimization benefits and tapering hedge losses over the next 1-1.5 years to help return to historical mid-20s EBITDA margins.
- Said discovery revenue remains under pressure due to client R&D cuts, pricing pressure, and competition from CROs in China, with the company shifting focus from a traditional FTE model to an outcome-based/FFS model, investing in AI.
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Source: Live TV News Channel · 28 Oct 2026
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