Syngene International is optimistic about a recovery in the second half of FY25, as it aims to balance its research-to-manufacturing ratio from 60:40 to 50:50, focusing on stronger growth in manufacturing. The company also plans to triple its bio-manufacturing capacity by FY26.<\/p>\n\n\n\n
Shares of Syngene closed almost 1% higher at Rs 888, up 25% in the last six months against Nifty 50. RFPs have also jumped this year, indicating robust demand for its services.<\/p>\n\n\n\n
The global outsourcing trend in favour of India over China would certainly help Syngene, a contract research, development, and manufacturing organisation. <\/p>\n\n\n\n
Syngene saw revenue in Q1 FY24 decline 2% YoY to \u20b9 790 crore, while profit after tax was down 19% at \u20b9 76 crore. EBITDA margins also contracted from 28% to 23%.<\/p>\n\n\n\n
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