Syngene International539268Pharmaceutical CDMO
Syngene reported a strong sequential turnaround in Q2 with margin improvement and return to profit
By ScoutQuest · · 1 min read
- Revenue growth sequential
- 13 percent
- Margins this quarter
- 17.7 percent
- Margins last quarter
- 12.3 percent
- Loss last quarter
- 9 crore rupees
Heard on business television between 08:27:49 - 08:30:49 IST.
- Revenue grew around 13% sequentially.
- Margins improved to 17.7% from 12.3% sequentially.
- Company turned profitable versus a loss of around 9 crore rupees in the previous quarter.
- Improved performance attributed to the CDMO business; adjusted for forex loss, margins were in the mid-20s range.
- Last quarter was dismal for Syngene, so street was tracking this Q-on-Q turnaround which has come through.
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