Syngene International's Q2 Profits Dip, Leadership Changes Announced

Syngene International reported a 9% decline in profit after tax in Q2 FY25. Revenue fell to Rs 891 crore from Rs 910 crore the previous year. With new leadership appointments, including Deepak Jain as CFO, the company remains optimistic about its financial trajectory for the upcoming quarters.

Syngene International, a prominent contract research and manufacturing firm, disclosed a 9% reduction in its consolidated profit after tax (PAT), amounting to Rs 106 crore for the second quarter of FY25.

Performance for the second quarter was stable and met expectations, stated Jonathan Hunt, the company's Managing Director and CEO.

In leadership shifts, Syngene appointed Deepak Jain as CFO effective December 1, replacing Sibaji Biswas, and announced Jayashree Aiyar as the new Chief Scientific Officer.

(With inputs from agencies.)