In a recent management meeting, Syngene said it expects a recovery in H2FY25, Macquarie said in a note. Syngene said it aspires to rebalance its research-to-manufacturing ratio from 60:40 to 50:50, aiming for stronger manufacturing growth.
Syngene International's shares ended almost one percent higher in the previous session at Rs 888. In the past six months, the stocks have gained 25 percent, outperforming the Nifty 50 index which gained 16 percent during the same period. Shares of Syngene International have been giving positive monthly returns since June.
Requests for proposals (RPF) have seen a notable uptick year-to-date, indicating solid demand. A request for proposal is a document that is used to gather information from potential vendors or suppliers about products or services. The RFP process can help companies make better decisions by providing a clear outline of what is required and what the vendor needs to deliver.
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Syngene has major infrastructure projects slated for completion by FY26. The company aims to triple its bio-manufacturing capacity within the same timeline as well. As global outsourcing trends increasingly favour India over China, Syngene is poised to capitalise on this shift.
Syngene is a contract research, development and manufacturing organization (CRDMO) that provides integrated discovery, development, and manufacturing services to pharmaceutical, biotechnology, animal healthcare, consumer goods and agrochemical companies.
Syngene International's Q1 results showed a 2 percent YoY decline in revenue to Rs 790 crore. Profit after tax fell 19 percent to Rs 76 crore, while EBITDA dropped to Rs 188 crore from Rs 235 crore, with margins shrinking from 28 percent to 23 percent.
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