Syngene International shines on reporting 21% rise in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Syngene International is currently trading at Rs. 643.70, up by 20.25 points or 3.25% from its previous closing of Rs. 623.45 on the BSE.
The scrip opened at Rs. 640.00 and has touched a high and low of Rs. 659.80 and Rs. 632.00 respectively. So far 113723 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 659.80 on 27-Apr-2022 and a 52 week low of Rs. 511.50 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 659.80 and Rs. 610.05 respectively. The current market cap of the company is Rs. 25877.71 crore.
The promoters holding in the company stood at 54.88%, while Institutions and Non-Institutions held 34.02% and 11.10% respectively.
Syngene International has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 28.57% rise in its net profit at Rs 189.00 crore for the quarter under review as compared to Rs 147.00 crore for the same quarter in the previous year. Total income of the company increased by 31.52% at Rs 1017.20 crore for Q4FY23 as compared to Rs 773.40 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 20.91% in its net profit at Rs 178.70 crore for fourth quarter ended March 31, 2023 as compared to Rs 147.80 crore for the same quarter in the previous year. Total income of the company increased by 31.63% at Rs 1017.20 crore for Q4FY23 as compared to Rs 772.80 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 20.11% rise in its net profit at Rs 473.00 crore as compared to Rs 393.80 crore for the previous year. Total income of the company increased by 23% at Rs 3264.40 crore for year under review as compared to Rs 2654.20 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 17.33% rise in its net profit at Rs 464.40 crore as compared to Rs 395.80 crore for the previous year. Total income of the company increased by 22.84% at Rs 3263.80 crore for year under review as compared to Rs 2657.00 crore for year ended March 31, 2022.
