Syngene International LimitedQ1 FY27 Results & Financial Update

Syngene International Limited: Q1 FY27 consolidated results and company financials – revenue ₹736.00 Cr, PAT ₹-9.00 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: SYNGENEPublished 17 Sep 2026Reported 29 Jul 2026Updated 5 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹736.00 CrReported Q1 FY27
Profit after tax₹-9.00 CrReported Q1 FY27

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Quarterly Results AnalysisExplore Syngene International Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Syngene International Limited reported its financial and operational performance for the first quarter of fiscal year 2027 (Q1 FY27), reflecting a challenging operating environment marked by specific client headwinds and forex movements.

02

Revenue from operations for the quarter stood at Rs. 736 crore, down 16% compared to Rs. 875 crore in the corresponding quarter of the previous year (Q1 FY26).

03

Operating performance was impacted by a lack of product offtake from a major biologics client and foreign exchange hedge losses, which were partially cushioned by ongoing internal cost optimization initiatives.

04

Operating EBITDA for Q1 FY27 was recorded at Rs. 91 crore, resulting in an operating EBITDA margin of 12%, compared to 24% in Q1 FY26.

05

During the quarter, the company experienced leadership changes with Kiran Mazumdar-Shaw taking on the role of Executive Chairperson and Siddharth Mittal assuming office as Managing Director and CEO.

06

Despite near-term headwinds, management indicated expectations for business momentum to improve in the second half of the fiscal year, projecting single-digit revenue degrowth in rupee terms and full-year EBITDA margins in the mid-20s.

01 · Business model

What does Syngene International do?

Syngene International Limited is an integrated research, development, and manufacturing services (CRO/CDMO) company catering to the global pharmaceutical, biotechnology, nutrition, animal health, consumer goods, and specialty chemical sectors.

The company operates through specialized discovery, development, and manufacturing facilities spanning over 3 million square feet across India and the United States, offering end-to-end scientific services to approximately 400 global customers.

Syngene's client base encompasses biotechnology companies pursuing cutting-edge science as well as major global multinationals such as Bristol-Myers Squibb (BMS), GSK, Zoetis, and Merck KGaA.

The business model relies on leveraging a large team of over 8,300 employees—including more than 5,700 scientists—to deliver scientific excellence, robust data security, and manufacturing capacity at speed to improve clients' time-to-market and lower the cost of innovation.

02 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹736.00 Cr
Profit after tax₹-9.00 Cr

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented -1.2% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove margins

Foreign Exchange Impact

Operating profitability faced pressure from forex hedge losses during the quarter.

Cost Optimization

The negative impact on margins from lower offtake and forex losses was partially offset by ongoing cost optimization initiatives implemented by the company.

04 · Demand, customers & order book

Where demand is coming from

Global Client Base

Syngene works with approximately 400 global customers across industry segments, including biotech companies and major multinationals such as BMS, GSK, Zoetis, and Merck KGaA.

05 · Capacity, projects & execution

What is being built, commissioned or delivered

Capacity, production and utilisation

Infrastructure Scale

The company operates over 3 million square feet of specialized discovery, development, and manufacturing facilities located across India and the U.S.

06 · Strategy & new businesses

How the company is trying to change its growth mix

CDMO and AI Focus

Management's strategic repositioning emphasizes driving growth primarily through Contract Development and Manufacturing Operations (CDMO) and AI-led advanced services.

AI Platform Enhancement

Syngene further strengthened Syn.AI, its AI-enabled scientific platform, by developing gigascale virtual screening capabilities for larger molecular libraries and advancing de novo (new molecule) design capabilities.

Strategic MoU with THSTI

Syngene signed a Memorandum of Understanding (MoU) with BRIC-Translational Health Science and Technology Institute (THSTI) to establish an operational partnership for early and late-phase clinical development, translational research, and bioanalytical sciences, including First-in-Human (FIH) and Phase I clinical programs.

07 · Reported developments

What changed operationally

Sustainability Recognition

Syngene was featured in TIME Magazine and Statista's 'World's Most Sustainable Companies 2026' ranking for the second consecutive year, placing among the top 750 most sustainable companies globally out of more than 5,800 evaluated companies across 43 countries.

08 · Pressure points & risks

What is not going smoothly

Employee Termination Benefits

The company recorded expenses of Rs. 10 crore (net of tax) under exceptional items for termination benefits extended to employees in accordance with approved policy.

09 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Capital allocation & funding

Balance Sheet Strength

Management noted that the company continues to maintain a strong balance sheet and financial discipline, providing flexibility to invest in strategic priorities.

10 · Beyond the numbers

What changed beyond the numbers

Reported update

Board Changes

Dr. Kush Parmar stepped down as Independent Director. Dr. Vijaya Chandru (academic entrepreneur and deep-tech expert from MIT) and Dr. Arun Chandavarkar (former CEO and Joint MD of Biocon Limited) were appointed as Independent Directors.

11 · Key Q&A

The quarter, answered directly

What does Syngene International do?

Syngene International Limited is an integrated research, development, and manufacturing services (CRO/CDMO) company catering to the global pharmaceutical, biotechnology, nutrition, animal health, consumer goods, and specialty chemical sectors.

What is the clearest takeaway from Q1 FY27?

Syngene International Limited reported its financial and operational performance for the first quarter of fiscal year 2027 (Q1 FY27), reflecting a challenging operating environment marked by specific client headwinds and forex movements.

What drove revenue or demand?

Syngene works with approximately 400 global customers across industry segments, including biotech companies and major multinationals such as BMS, GSK, Zoetis, and Merck KGaA.

What mattered most for margins or profitability?

Operating profitability faced pressure from forex hedge losses during the quarter.

What changed operationally beyond the headline numbers?

The company operates over 3 million square feet of specialized discovery, development, and manufacturing facilities located across India and the U.S.

What are the main pressure points disclosed for the quarter?

The company recorded expenses of Rs. 10 crore (net of tax) under exceptional items for termination benefits extended to employees in accordance with approved policy.

12 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

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