Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Syngene records strong Q4 and FY19 growth

Posted On: 2019-04-25 09:36:33


Syngene International Limited today announced its fourth quarter and full year financial results for FY19.

- The Company posted Q4 revenue of Rs. 555 Cr, an increase of 30% from the prior year quarter.

- Full year revenue was up 28% to Rs 1901 Cr compared to the previous year.

Commenting on the results, Mr. Jonathan Hunt, Chief Executive Officer - Syngene International Limited said, "We are very pleased to report strong revenue growth of 30% for Q4 FY19, with revenues growing to Rs 555 Cr from Rs 426 Cr in the prior year quarter. The growth was driven by strong performances in both Discovery Services and Development Services. EBITDA for the quarter was up 24% to Rs. 181 Cr, while PAT was up 19%.

On a full year basis, revenue recorded robust 28% growth from Rs. 1485 Cr in FY18 to Rs. 1901 Cr in FY19. During the year we strengthened our partnerships with key strategic clients such as Baxter, Merck KGaA, Bristol-Myers Squibb, Amgen and GSK as well as improved our position within the emerging biopharma segment. Our CAPEX investment programme through the year has added capacity and new capability to drive future growth and our ongoing initiatives to improve service delivery, safety and quality our already beginning to have a positive impact."

Q4 FY19 was a record quarter that saw revenue crossing the Rs 500 Cr mark for the first time. The strong growth was driven by sustained growth in the discovery and development services.

During the quarter, Syngene and the Biotechnology Industry Research Assistance Council (BIRAC) collaborated to set up a Centre for Advanced Protein Studies (CAPS) at its Bengaluru campus. The Centre hosts a state-of-the-art GLP accredited analytical laboratory which will be available to BIRAC-funded start-ups, SMEs/MMEs and academia in India at an affordable cost.

For the full year, Syngene recorded strong growth of 28% with revenue increasing from Rs. 1485 Cr to Rs. 1901 Cr in FY19. The growth was driven by robust performances in both Discovery Services and our Dedicated R&D Centre business. The Company expanded its customer base, adding new clients as well as extending existing client relationships, taking the total active client base in FY19 to 331 from 316 in FY18.

Shares of Syngene International Ltd was last trading in BSE at Rs.601.15 as compared to the previous close of Rs. 597.1. The total number of shares traded during the day was 9847 in over 665 trades.

The stock hit an intraday high of Rs. 610.2 and intraday low of 598. The net turnover during the day was Rs. 5929513.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Vindhya Telelinks Ltd board reappoints Shri Y S Lodha as MD and CEO

Sinclairs Burdwan opens for guests from 5th June 2020

Welspun Enterprises Ltd Q4 consolidated PAT jumps to Rs. 90.68 crore

Birla Cable Ltd Q4 FY2020 net profit at Rs. 0.09 crore

Universal Cables Ltd posts Q4 FY20 consolidated net loss of Rs. 0.47 crore

VE Commercial Vehicles announces sales for May 2020

Heritage Foods celebrates World Milk Day by striving for Dairy farmers' welfare across the country

Ashok Leyland's May 2020 sales drops 89% YoY

TVS Motor Company Sales in May 2020

Eicher Motors Ltd reports 69% fall in sales of Royal Enfield Motorcycles during May 2020

Atul Auto reports sales of 410 units in May 2020

Hero MotoCorp Ltd dispatches 112,682 units of two wheelers in May 2020

Bajaj Allianz Life Insurance declares bonus including payment of Cash Bonus to its policyholders amidst COVID-19 crisis

Axis Bank ropes in the untapped Education sector on BBPS Digital platform

Welspun Enterprises Ltd Board approves dividend of Rs. 2 for FY20

Universal Cables Ltd Board approves Dividend of Rs. 2 for FY2019-20

Vindhya Telelinks Ltd Board approves dividend of Rs. 10

Ratnamani Metals & Tubes Ltd receives new orders

FAZE Three Autofab Ltd Q4 PAT jumps to Rs. 3.68 crore

V-Guard Industries Ltd Q4 FY20 consolidated PAT drops to Rs. 32.18 crore

Capital India Finance Ltd reports Rs. 0.39 crore loss in Q4 FY2020

Orient Electric Ltd posts Q4 FY20 net profit of Rs. 35.78 crores

Ultramarine & Pigments Ltd posts Q4 PAT of Rs. 13 crore

Tata Power Company Ltd completes acquisition of 51% stake in TP Central Odisha Distribution Ltd

Capital India Finance Ltd Board recommends Final Dividend of Rs. 0.10

IRCON, NIIFL and AYANA sign a MoU for solar energy sector

CRISIL updates on ratings of Rishi Techtex Limited

NCC Ltd secures four new orders

Lakshmi Vilas Bank extends tenure of MD and CEO

Srikalahasthi Pipes Limited board recommends dividend of Rs. 7

Orient Electric Ltd board recommends final dividend of Rs. 0.50 for FY20

Aster DM Healthcare launches 50 bed critical care Aster Hospital in Muhaisnah, Dubai

Max India sets Record Date as 15 June after NCLT approves demerger - Will lead to listing of Max Healthcare and a new 'Max India'

ICRA Credit Rating for Rs. 60.00 crore Line of Credit of Cantabil Retail India Limited

Blue Star raises Rs 350 crores through issuance of unsecured Non-Convertible Debentures

Century Textiles & Industries Ltd board to consider Q4, FY20 results on June 10, 2020

Heritage Foods launches A2 milk on the occasion of World Milk Day

HDFC Bank and HDFC Securities DigiDemat &Trading facility secures 15,000 + customers in first month of launch

Godrej Properties join hands with the Thane Police Commissioner's Office to launch a Covid-19 Public Service Communication Campaign

Srikalahasthi Pipes Limited board announces earnings for Q4, FY2020

Mahindra & Mahindra Financial Services Ltd board approves rights issue of Rs. 3500 crores

Mahindra's Farm Equipment Sector Sells 24,017 Units in India during May 2020

Mahindra's Auto Sector sells 9,560 vehicles in May 2020

Sumitomo Chemical India Limited board to consider FY20 results, dividend on June 5, 2020

Magna Electro Castings Ltd Q4 FY20 PAT slides to Rs. 0.28 crore

Dhanuka Agritech Ltd board to consider Q4, FY20 results on June 20, 2020

Blue Star Ltd approves allotment of 3,500 NCDs

Future Retail Ltd allots 2000 NCDs

TCS Recognized as a Leader in Gartner Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services, Worldwide

Manappuram Finance Ltd allots 5000 NCDs on June 1, 2020







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019