educratsweb@mail.com

+91

📂 Register 🔒 Login
SYNGENE REPORTS SECOND QUARTER REVENUE FROM OPERATIONS AT RS. 519 CR, UP 12% YEAR ON YEAR #EDUCRATSWEB

Syngene reports second quarter revenue from operations at Rs. 519 Cr, up 12% year on year

Mumbai, October 21, 2020:

Syngene International Limited today announced its second quarter results. The Company posted quarterly total revenue of Rs. 533 Cr compared to Rs 485 Cr in the corresponding quarter of last year. EBITDA for the quarter was up 6% to Rs. 169 Cr while PAT was up 2% to Rs. 84 Cr.

Commenting on the results, Mr. Jonathan Hunt, Managing Director and Chief Executive Officer - Syngene International Limited, said: “The second quarter saw a positive return to growth following a muted first quarter that was impacted by COVID-19, with second quarter revenue from operations growing 12% year-on-year and a PAT growth of 2%. This result reflects a robust operating performance as we have adapted to the COVID-19 situation. We are at near normal operating levels with all our scientists working on site with proper protective measures.

We are happy to continue to support the global health community in the fight against COVID-19 through our dedicated RT PCR testing laboratory, our research efforts and by developing and supplying reagents and oligonucleotides to diagnostic kit manufacturers.

The credit rating upgrade by ICRA is a further affirmation of Syngene’s strong fundamentals and the confidence the market has in our growth story. We expect to sustain our growth through the second half and are making good progress towards achieving our full year guidance.”

 Quarterly Financial Highlights (All numbers in INR Cr except Margins)

 

Q2 FY21

Q2 FY20

YoY Change (%)

Revenue

533

485

10

Revenue from operations

519

465

12

EBITDA

169

160

6

EBITDA Margin (%)

32

33

 

PAT excluding exceptional gain related to insurance claim

84

82

2

PAT Margin (%)

16

17

 

 

 

H1 FY21 Financial Highlights (All numbers in INR Cr except Margins)

 

H1 FY21

H1 FY20

YoY Change (%)

Revenue

970

927

5

Revenue from operations

941

886

6

EBITDA

309

301

3

EBITDA Margin (%)

32

32

 

PAT excluding exceptional gain related to insurance claim

 

142

154

-8

PAT Margin (%)

15

17

 

 

 

Business Update

Syngene’s second quarter performance was primarily driven by good performance in the Discovery Services and Dedicated R&D Centre divisions. After implementing a broad array of COVID-19 protective and control measures, including regular free testing for all employees working on site, operations have returned to near normal operating levels.

The Company commenced manufacturing of Remdesivir at its manufacturing facility in Bengaluru with initial distribution expected during the third quarter.

Syngene continues to make an active contribution to the fight against COVID-19. In addition to processing COVID-19 tests for hospitals in the Bengaluru region, the Company has tied up with more than 50 organisations in and around Bengaluru to conduct RT-PCR tests for their employees. The Company’s IgG based ELISA test kit has received the ICMR and CDSCO approvals and will be launched by HiMedia shortly. This type of kit will be particularly important to measure optimum immune response once vaccine deployment has started. Furthermore, the Company has joined a global industry consortium, led by long-standing research partner, Bristol Myers Squibb, to support research related to COVID-19. The consortium will share relevant expertise and experience to accelerate the understanding of the virus and work towards improving and deploying current assays and new approaches to COVID-19 testing.

In a further boost to the Company’s credit rating, ICRA upgraded its credit rating in August from AA to AA+. This is a further affirmation of Syngene’s strong fundamentals and robust business model.

 

Earnings Call

The Company will conduct a 60-minute call at 1.15 pm IST on October 22, 2020 where the senior management will discuss the Company’s performance and answer questions from participants. To participate in this conference call, please dial the numbers provided below ten minutes ahead of the scheduled start time. The dial-in number for this call is +91 22 62801279 / +91 22 71158180. Other toll numbers are listed in the conference call invitation which is posted on the Company website www.syngeneintl.com. The operator will provide instructions on asking questions before the start of the call. A replay of this call will also be available till 29th October, 2020 on +91 22 71945757 / +91 22 66635757, Playback ID: 26414. We will aim to post the transcript of the conference call on the Company website within seven working days of the investor conference call.

 

About Syngene

Syngene International Ltd. (BSE: 539268, NSE: SYNGENE, ISIN: INE398R01022), is an integrated research, development and manufacturing services company serving the global pharmaceutical, biotechnology, nutrition, animal health, consumer goods and specialty chemical sectors. Syngene’s 4200 scientists offer both skills and the capacity to deliver great science, robust data management and IP security and quality manufacturing, at speed, to improve time-to-market and lower the cost of innovation. With a combination of dedicated research facilities for Amgen, Baxter, Bristol-Myers Squibb and Herbalife, as well as 1.9 Mn sq ft of specialist discovery, development and manufacturing facilities, Syngene works with biotech companies pursuing leading edge science as well as multinationals including GSK and Merck KGaA. For more details, visit www.syngeneintl.com

Syngene reports second quarter revenue from operations at Rs. 519 Cr, up 12% year on year
if you have any information regarding Job, Study Material or any other information related to career. you can Post your article on our website. Click here to Register & Share your contents.
For Advertisment or any query email us at educratsweb@gmail.com

RELATED POST

1. Finance Ministry refutes news media reports of alleged black money held by Indians in Switzerland
Certain reports have appeared in the media on 18.06.2021 stating that funds of Indians in Swiss Banks have risen to over Rs 20,700 crore (CHF 2.55 billion) at the end of 2020 from Rs 6,625 crore (CHF 899 million) at the end of 2019, reversing a 2 year declining trend. It has also been stated that this is also the highest figure of deposits in the last 13 years. Media reports allude to the fact that the figures reported are official figures reported by banks to Swiss National Bank (SNB)
2. Shri Arjun Munda to virtually inaugurate the Second National Sickle Cell Conclave on occasion of World Sickle Cell Day tomorrow
The Minister of Tribal Affairs, Shri Arjun Munda will virtually inaugurate the Second National Sickle Cell Conclave on ‘Sickle Cell Disease’ tomorrow. The Conclave is being held to mark the World Sickle Cell Day observed on 19thJune 2021 every year. MoS, Tribal Affairs, SmtRenuka Singh Saruta will deliver a special address on Sickle Cell Disease at the event. The Conclave is being organised by Ministry of Tribal Affairs, GoI , in collaboration with the Federation of Indian Chambers
3. Cabinet approves adoption of methodology for auction of coal and lignite mines/blocks for sale of coal / lignite on revenue sharing basis and tenure of coking coal linkage
Cabinet approves adoption of methodology for auction of coal and lignite mines/blocks for sale of coal / lignite on revenue sharing basis and tenure of coking coal linkage A paradigm shift in the approach from being oriented to maximum revenue from coal to making maximum coal available in the market at the earliest A move away from fixed rupees per tonne basis auction methodology to a more market oriented revenue share auction methodology Met
4. Second virtual trade fair by APEDA focussing on horticultural products commences; evokes encouraging global response
To boost export potential of India’s agricultural and processed food products during the COVID19 pandemic, the second virtual trade fair (VTF) for horticultural produce organised by APEDA was inaugurated today. The three days VTF (May 27-29, 2021) display India’s unique fruits, vegetables and floricultural products sourced from various regions for the global importers. There are more than 471 exhibitors or exporters have displayed their products in the virtual platform. 543 numbers
5. Syngene reports second quarter revenue from operations at Rs. 519 Cr, up 12% year on year
Syngene reports second quarter revenue from operations at Rs. 519 Cr, up 12% year on year Mumbai, October 21, 2020: Syngene International Limited today announced its second quarter results. The Company posted quarterly total revenue of Rs. 533 Cr compared to Rs 485 Cr in the corresponding quarter of last year. EBITDA for the quarter was up 6% to Rs. 169 Cr while PAT was up 2% to Rs. 84 Cr. Commenting on the results,
6. Second Addendum on Protocol on Inland Water Transit and Trade between India and Bangladesh, 2020
People’s Republic of Bangladesh and the Republic of India have a long standing and time-tested Protocol on Transit and Trade through inland waterways of both countries. This Protocol, which was first signed in 1972 (immediately after independence of Bangladesh), is a reflection of shared history and friendship between the two countries. It was last renewed in 2015 for five years with a provision for its automatic renewal for a further period of five years giving long term assurance to various stake
7. Agarbathi industry to achieve last year’s export revenue in 10 months this year with modest 5% growth: Forecasts AIAMA
Agarbathi industry to achieve last year’s export revenue in 10 months this year with modest 5% growth: Forecasts AIAMA   National, November 26, 2020: The Indian Agarbathi industry has been witnessing a steady increase in demand in the domestic market for the past couple of years, it is also seeing positive momentum in the export market states the All India Agarbathi Manufacturers’ Association (AIAMA). According to AIA
8. Rs. 86,449 crore of gross GST revenue collected in the month of August
The gross GST revenue collected in the month of August, 2020 is Rs. 86,449 crore of which CGST is Rs. 15,906 crore, SGST is Rs. 21,064 crore, IGST is Rs. 42,264 crore (including Rs. 19,179 crore collected on import of goods) and Cess is Rs.7,215 crore (including Rs. 673 crore collected on import of goods). The government has settled Rs. 18,216 crore to CGST and Rs. 14,650 crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments afte
9. GST Revenue collection for July 2020
The gross GST revenue collected in the month of July, 2020 is ₹ 87,422 crore of which CGST is ₹ 16,147crore, SGST is ₹ 21,418 crore, IGST is ₹ 42,592 crore (including ₹ 20,324 crore collected on import of goods) and Cess is ₹7,265 crore (including ₹ 807crore collected on im
10. Simplilearn Strengthens Operations in the United Kingdom: Partners With ILX to Offer Programs in Digital Transformation Technology
04 September 2020: Simplilearn, a leading global digital skills training provider, today announced its partnership with
11. Air Marshal RJ Duckworth takes over as AOP at Air Headquarters Vayu Bhawan
Air Marshal RJ Duckworth took over as Air Officer in charge Personnel at Air Headquarters Vayu Bhawan, Indian Air Force on 01 Oct 20. He was commissioned into Fighter Stream of the IAF on 29 May 1983 as a Fighter Pilot. In a distinguished career spanning nearly 38 years, the Air Officer has flown wide variety of fighter and trainer aircraft in the inventory of IAF. He has a flying experience of more than 3000 hours including operational flying on MiG-21 and MiG-29 fighter aircraft.  During
12. RRI Scientists find a new way for quantum state estimation that can make crucial quantum operations simpler
Scientists experimenting with new ways to manipulate quantum states so that they can be harnessed for computing, communication, and metrology, has found a novel way to characterise and estimate such states. This method of characterisation called Quantum State Interferography, can help make such manipulations simpler so that several crucial operations in quantum technolog
13. NTPC vaccinates over 70,000 employees and their dependents across operations
NTPC vaccinates over 70,000 employees and their dependents across operations •             Rigorous vaccination against COVID drive continues across plants •             Stringent health measures being taken to safeguard employees, workers and their families •    
14. Mphasis-Digital Risk Named Major Contender in the Everest Group 2020 PEAK MatrixR Report for Mortgage Operations Service Providers 2020
Mumbai, November 11, 2020  Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced that it has been recognized as a Major Contender by Eve
15. NITI Aayog to Launch Second Edition of India Innovation Index 2020
NITI Aayog will release the second edition of the India Innovation Index 2020 on 20 January in a virtual event. The index will be released by NITI Aayog Vice Chairman Dr Rajiv Kumar in the presence of NITI Aayog Member Dr VK Saraswat and CEO Amitabh Kant. The release of the second edition of the index—the first was launched in October 2019—demonstrates the Government’s continued commitment towards transforming the country into an innovation-driven economy. The India
16. WBCHSE Routine 2019 | WB Higher Secondary Date Sheet 2019
WBCHSE Routine 2019 West Bengal Council of Higher Secondary Education (WBCHSE) 2019 board examination will be conducting soon. Board will firstly conduct Practical examination then Theory papers. West Bengal board has released Practical Examination date sheet. Students can check their Practical exam date sheet below. Practical exam will start in December 2018. Theory exam WB Higher Secondary Date S
17. EPFO allows its members to avail second COVID-19 advance
To support its subscribers during the second wave of COVID-19 pandemic, EPFO has now allowed its members to avail second non-refundable COVID-19 advance. The provision for special withdrawal to meet the financial need of members during pandemic was introduced in March 2020, under Pradhan Mantri Garib Kalyan Yojana (PMGKY). An amendment to this effect was made by Ministry of Labour & Employment in Employees’ Provident Funds Scheme, 1952 by inserting therein sub-para (3) under paragraph 68L, thro
18. Locust control operations carried out at 37 places in 11 districts of Rajasthan, Gujarat and Haryana during night of 30th-31st July, 2020
Locust control operations were carried out at 34 places in 09 districts viz. Jaisalmer, Barmer, Jodhpur, Bikaner, Churu, Nagaur, Hanumangarh, Jalore and Sirohi of Rajasthan and 02 places in Kutch district of Gujarat against swarms and hoppers by LCOs in the intervening night of 30th-31st July, 2020. Besides this, Haryana State Agriculture Department also carried out control operation at 1 place i
19. Narayan Seva Sansthan Launches #Ghargharbhojan Campaign amidst second wave of COVID-19
Narayan Seva Sansthan Launches #Ghargharbhojan Campaign amidst second wave of COVID-19Narayan Seva Sansthan Launches #Ghargharbhojan Campaign amidst second wave of COVID-19 Plans to offer food to over 1000 people in need ·      &
20. Continuous action is being taken to control locust swarms - Control operations undertaken in 2,83,929 hectares area in Rajasthan, Madhya Pradesh, Punjab, Gujarat, Uttar Pradesh, Maharashtra, Chhattisgarh, Haryana and Bihar from 11th April 2020 till 9th July 2020
As per the instructions of Union Agriculture and Farmers’ Welfare Minister Shri Narendra Singh Tomar, continuous action is being taken to control locust swarms. Starting from 11th April, 2020 till 9th July, 2020, control operations have been done in 1,51,269 hectares area in the states of Rajasthan, Madhya Pradesh, Punjab, Gujarat, Uttar Pradesh and Haryana by Locust Circle Offices (LCOs). Till 9th July, 2020, control operations have also been done in 1,32,660 hectares area in the states of Rajasth
21. Mphasis Positioned as Major Contender and Star Performer for Financial Crime and Compliance (FCC) Operations Service Providers 2021 in Everest Group’s PEAK Matrix
Mphasis Positioned as Major Contender and Star Performer for Financial Crime and Compliance (FCC) Operations Service Providers 2021 in Everest Group’s PEAK Matrix   Mphasis was recognized for its strong domain expertise and innovation capabilities in the financial risk management space.   Mumbai, 08 May, 2021   Mph
22. Cabinet approves adoption of methodology for auction of coal and lignite mines/blocks for sale of coal / lignite on revenue sharing basis and tenure of coking coal linkage
Cabinet approves adoption of methodology for auction of coal and lignite mines/blocks for sale of coal / lignite on revenue sharing basis and tenure of coking coal linkage A paradigm shift in the approach from being oriented to maximum revenue from coal to making maximum coal available in the market at the earliest A move away from fixed rupees per tonne basis auction methodology to a more market oriented revenue share auction methodology Met
23. PMGKAY operations speed up all across the country
The scheme of free distribution of foodgrains to the beneficiaries under Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), has provided a big relief to the beneficiaries during ongoing COVID pandemic period. Till 24th May, 2021, FCI has supplied 48 LMT free foodgrains to all 36 States/ UTs. 5 States/ UTs i.e. Andhra Pradesh, Arunachal Pradesh, Lakshadweep, Puducherry and Telangana have lifted full allocation for May-June 2021. 26 States/ UTs i.e. Andaman & Nicobar Islands, Assam, Chandigarh
24. Ministry of Tourism organises second Independence Day themed webinar titled “Cellular Jail: Letters, Memoirs & Memories” under DekhoApnaDesh webinar series
As India gears up to celebrate its 74th Independence Day celebrations , the Ministry of Tourism’s DekhoApnaDesh Webinar Series presented the webinar titled “Cellular Jail : Letters , Memoirs & Memories on 10th August 2020. The 46th in the series of DekhoApnaDeshwebinars, the “Cellular Jail :Letters , Memoirs & Memories”was presented by Ms. NidhiBansal, CEO, India City Walks & India with locals, Dr.Soumi Roy, Head of Operations, India with Locals and India Her
25. Mphasis Q2 FY21 Earnings | Gross revenue grew 12.9% YoY in Q2 FY 2021
Gross revenue grew 12.9% YoY in Q2 FY 2021 USD 360 million net new TCV wins in Direct business, highest ever TCV win for a quarter   Mumbai, 22 October 2020: Mphasis Limited (BSE - 526299; NSE - MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced its financial results for the quar
We would love to hear your thoughts, concerns or problems with anything so we can improve our website educratsweb.com ! email us at educratsweb@gmail.com and submit your valuable feedback.
Save this page as PDF | Recommend to your Friends

Subscribe to our Telegram channel https://t.me/educratswebchannel | SYNGENE REPORTS SECOND QUARTER REVENUE FROM OPERATIONS AT RS. 519 CR, UP 12% YEAR ON YEAR #EDUCRATSWEB educratsweb.com News 2020-10-21

https://bhojpuri-actor-actress.blogspot.com/ | https://sarkariniyukti.blogspot.com/ | https://educratsweb.blogspot.com/ | https://bhaktisangam.blogspot.com/ | https://bharatpagesblog.blogspot.com/ | https://bcspatna.blogspot.com/ | https://bizinfozones.blogspot.com/ | https://cityzoneeducation.blogspot.com/ | https://consptech.blogspot.com/ | https://saralmaterials.blogspot.com/ | https://ekbihar.blogspot.com/ | https://indiahealthplus.blogspot.com/ | https://gktalk.blogspot.com/ | https://gunjanphoto.blogspot.com/ | https://mahuli-patna.blogspot.com/ | https://modicareblog.blogspot.com/ | https://biharnalanda.blogspot.com/ | https://parsapatna.blogspot.com/ | https://prakashparv.blogspot.com/ | https://chitraguptajimaharaj.blogspot.com/ | https://shrishirdisaibabasansthan.blogspot.com/ | https://speakdoor.blogspot.com/ | https://supremedealin.blogspot.com/ | https://supremedealblog.blogspot.com/