Syngene International Q2FY18 standalone net profit rises 3% yoy

India Infoline Research Team | October 25, 2017 19:13 IST

Syngene International Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 335 10.6
EBITDA 113.5 7.5
EBITDA Margin (%) 33.9 [99]
Net Profit (adjusted) 76.9 3.0
***EBITDA margin change is bps
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Reco. Price

500.9

Last updated on

23-Oct-2017


Syngene International’s standalone revenue for the quarter came in at Rs. 335 crore, registering 10.6% yoy increase.

EBITDA for the quarter rose by 7.5% yoy to Rs. 113.5 crore with a corresponding margin contraction of 99 bps. EBITDA margin for the quarter stood at 33.9%. This margin contraction was driven by increase in cost of materials and other expenses by 21% yoy and 14% yoy, respectively.

The PAT for the quarter came in at Rs. 76.9 crore, yoy increase of 3%.



Technical View:

Syngene International Ltd is currently trading at Rs. 513, up by 14.65 points or 2.94% from its previous closing of Rs. 498.35 on the BSE.
The scrip opened at Rs. 494 and has touched a high and low of Rs. 517.20 and Rs. 494 respectively. So far 1,84,710(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

BSE 537.25 [2.75] ([0.51]%)
NSE 538.85 [1.80] ([0.33]%)

***Note: This is a NSE Chart

 

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