India's Syngene International set for record intraday fall on Q4 profit drop, weak outlook

Syngene International

24/04/2025 08:37

** Shares of Syngene International SYNN.NS down 12.3% to 656.7 rupees
** The contract research firm's Q4 consol profit fell 2.8% y/y to 1.83 bln rupees ($21.4 mln) on higher tax expenses
** Co's CFO Deepank Jain says co expects EBITDA margin to moderate from current levels to the mid-twenties and year-on-year decline in profit after tax for FY26
** Stock set for sharpest ever intraday pct fall
** More than 13.9 mln shares traded, 21.3x its 30-day moving avg
** Shares changed hands most since its first session of trading on Aug 11, 2015
** Avg rating of 10 analysts is "buy" and median PT is 835 rupees, ~27% higher than current price - data compiled by LSEG
** SYNN extends YTD losses to ~23.5%

($1 = 85.4740 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))