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Quote on Syngene Ltd By Yash Gupta, Angel Broking Ltd
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Below are Quote on Syngene Ltd By Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
“Syngene reported numbers in line with the expectation. Syngene international Ltd total revenue from operations for Q3FY21 stood at ₹584.5 crores up by 13% YoY from ₹519.1 crores in Q3FY20. EBITDA for Q3FY21 stood at ₹193 crores up by 11% as compared to ₹173.5 crores in Q3FY20. EBITDA margins are same as Q3FY20.
Profit after tax for the quarter up by 11% at ₹102.2 crores in Q3FY21 as compared to ₹91.8 crores in Q3FY20. Company employee cost and other expenses have increased due to that net profit margins has come down. Top line growth of 13% is in line with our expectation. We have a neutral outlook towards Syngene international Ltd.”
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
