Syngene International’s Q2 FY26 results show a 2.19% rise in operational revenue to ₹910.6 crore, while net profit fell 36.75% to ₹67.1 crore due to biologics inventory correction. Strong research services helped cushion the impact. EBITDA declined 18%, but the company maintained its full-year guidance.
Biocon’s contract research arm, Syngene International, reported its Q2 FY26 results, revealing a mixed performance. While revenue saw modest growth, profit declined sharply due to headwinds in the biologics segment. The company remains optimistic, citing resilience in its research services and maintaining full-year guidance.
Key Highlights from Q2 FY26
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Revenue from operations rose 2.19% YoY to ₹910.6 crore (₹9.11 billion), supported by strong research services.
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Consolidated net profit dropped 36.75% YoY to ₹67.1 crore (₹671 million), impacted by an anticipated inventory correction in biologics.
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EBITDA fell 18% YoY to ₹215 crore, with margins narrowing to 23.2%.
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Total net revenue stood at ₹926 crore, up 2.03% from Q2 FY25.
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CEO emphasized that research services growth helped offset biologics softness, reaffirming FY26 guidance.
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The company continues to invest in expanding its capabilities in biologics and drug discovery.
Syngene’s performance underscores the importance of diversified service lines in navigating sector-specific challenges. Investors will watch closely for biologics recovery and margin improvements in the coming quarters.
Sources: Business Standard, Syngene International Investor Relations