Categories AlphaGraphs, Earnings, Health Care

Syngene reported a 5% rise in its net profit for Q3FY23

Syngene International reported a 5.5% rise in consolidated net profit to INR 109.70 crore in Q3 FY23 as against INR104 crore posted in Q3 FY22. Revenue from operations jumped 22.5% to INR 785.90 crore in the quarter ended 31 December 2022 as compared to INR 641.40 crore recorded in Q3 FY22.

Profit before tax stood at INR 139.90 crore in Q3 FY23, up 9% from INR 128.40 crore reported in the same period last year. Reported EBITDA increased by 15% to INR 248 crore in Q3 FY23 as against INR 216 crore posted in Q3 FY22. EBITDA margin reduced to 30.9% as compared to 33.1% registered in the corresponding quarter a year ago.

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