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Syngene International Limited’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Key Metrics and Growth Analysis

April 26, 2024April 26, 2024| adminadmin| 0 Comments| 10:00 am
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -7.79% over the yearSubstantial increase in net sales/revenue by 7.43%.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -29.39% Marginal decrease of -45.05% in other income during this quarter
  • Profit over the Year and quarter: Significant improvement in profitability for Syngene International Limited. Notable increase of 5.54% in net profit Year to YearSyngene International Limited’s profitability increased by 69.15% in this quarter.
  • EPS over the Year and quarter: EPS increased by 5.38% Year to Year.EPS increased by 69.06%. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Syngene International Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 994.4 Cr Rs. 853.5 Cr Rs. 916.9 Cr + 7.43% -7.79%
Expenses Rs. 680.3 Cr Rs. 622 Cr Rs. 600 Cr -3.54% -11.8%
Operating Profit Rs. 314.1 Cr Rs. 231.5 Cr Rs. 316.9 Cr + 36.89% + 0.89%
OPM % 31.59 % 27.12 % 34.56 % + 7.44% + 2.97%
Other Income Rs. 22.8 Cr Rs. 29.3 Cr Rs. 16.1 Cr -45.05% -29.39%
Interest Rs. 10.4 Cr Rs. 10.8 Cr Rs. 12.9 Cr + 19.44% + 24.04%
Depreciation Rs. 95.6 Cr Rs. 108.1 Cr Rs. 111.1 Cr + 2.78% + 16.21%
Profit before tax Rs. 230.9 Cr Rs. 141.9 Cr Rs. 209 Cr + 47.29% -9.48%
Tax % 22.61 % 19.32 % 9.76 % -9.56% -12.85%
Net Profit Rs. 178.7 Cr Rs. 111.5 Cr Rs. 188.6 Cr + 69.15% + 5.54%
EPS in Rs Rs. 4.46 Rs. 2.78 Rs. 4.7 + 69.06% + 5.38%


Today, we’re looking at Syngene International Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -7.79%. However, it did see a marginal increase of 7.43% from the previous quarter.Expenses decreased slightly by -3.54% quarter-on-quarter, aligning with the annual decline of -11.8%. Operating profit, while up 0.89% compared to last year, faced a quarter-on-quarter increase of 36.89%, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.97%, but an expansion of 7.44% sequentially. Other income fell by -45.05% compared to the last quarter, despite an annual decline of -29.39%. Interest expenses surged remarkably by 19.44% from the previous quarter, yet the year-over-year increase remains at a moderate 24.04%. Depreciation costs climbed by 2.78% quarter-on-quarter, whereas on an annual scale, they saw an increase of 16.21%. Profit before tax declined annually by -9.48%but saw an increase from the preceding quarter by 47.29%.
Tax expenses as a percentage of profits decreased slightly by -12.85% compared to last year, with a more notable quarter-on-quarter decrease of -9.56%. Net profit rose by 5.54% year-on-year but experienced a 69.15% expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 5.38% but a quarterly rise of 69.06%. In summary, Syngene International Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 994.4 Cr Rs. 853.5 Cr Rs. 916.9 Cr + 7.43% -7.79%
Expenses Rs. 680.3 Cr Rs. 622 Cr Rs. 600 Cr -3.54% -11.8%
Operating Profit Rs. 314.1 Cr Rs. 231.5 Cr Rs. 316.9 Cr + 36.89% + 0.89%
Net Profit Rs. 178.7 Cr Rs. 111.5 Cr Rs. 188.6 Cr + 69.15% + 5.54%
EPS in Rs Rs. 4.46 Rs. 2.78 Rs. 4.7 + 69.06% + 5.38%


In reviewing Syngene International Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -7.79% year-on-year, however, there was a minor increase of 7.43% from the previous quarter. Expenses decreased by -11.8% compared to the previous year, with a decrease of -3.54% quarter-on-quarter. Operating Profit surged by 0.89% annually, and saw a 36.89% increase from the last quarter.
Net Profit showed yearly increase of 5.54%, and experienced a 69.15% increase from the previous quarter. Earnings Per Share (EPS) rose by 5.38% annually, however rose by 69.06% compared to the last quarter. In essence, while Syngene International Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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