Mumbai: Syngene International, a contract research and manufacturing services provider, reported a 9 percent fall in consolidated profit after tax to Rs 106 crore in the second quarter of FY25. The company declared a profit after tax (PAT) of Rs 117 crore in the July-September quarter of the previous fiscal. Syngene International said that revenue from operations fell to Rs 891 crore in the September quarter, down from Rs 910 crore the previous year.
"Performance in the second quarter and first half of the year was broadly flat, in line with our expectations," Syngene International's Managing Director and CEO Jonathan Hunt stated. With a good third quarter already started, the firm anticipates a positive change in revenue trajectory in the third quarter and remains on track to deliver within the full-year forecast range, he added.
Syngene Appoints Deepak Jain as CFO and Jayashree Aiyar as CSO
The business announced the appointment of Deepak Jain as Chief Financial Officer, effective December 1. He succeeds Sibaji Biswas, Executive Director and Chief Financial Officer, who has resigned and will depart the company to seek other possibilities, the company said.
Syngene has appointed Jayashree Aiyar as Chief Scientific Officer (CSO) and a member of the company's executive committee, effective immediately. The company's shares closed 0.13 percent lower on the BSE at Rs 837.85 each.
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