Syngene International revenue rises 19% yoy to Rs2,604 crore in FY22

28 Apr 2022 , 09:16 AM

Syngene International Limited has announced its fourth-quarter and full year results. The Company reported revenue from operations up 15% to Rs758 crore for the fourth quarter and up 19% to Rs2604 crore for the full year ending March 31, 2022. Profit After Tax for the quarter, before accounting for exceptional items, was up 7% year-on-year to Rs148 crore. Profit After Tax for the full year was up 10% to Rs421 crore.

Commenting on the results, Jonathan Hunt, Managing Director and Chief Executive Officer, Syngene International Limited, said, “I am pleased with the strong finish we had to the year and that we delivered results at the high end of our upgraded guidance range.

Reflecting on the pandemic period, we croreeated more than 1000 new jobs in the last two years and gained more than 100 new clients in the last year. We also extended and expanded our long-term partnership with Amgen Inc. and continued to invest in new capacity and technology to underpin future growth.

Looking ahead, we see growing demand for research, development and manufacturing services around the world and we are well-positioned to take advantage of these new opportunities.”

On Thursday morning trade, Syngene International was trading at Rs615.60 per piece lower by 0.61% on the BSE.