Biocon's contract research arm Syngene International today reported a 19.6 per cent rise in standalone net profit at Rs 66.5 crore for March quarter.
It had posted a net profit of Rs 55.6 crore in the corresponding period of the previous fiscal, Syngene International said in a BSE filing.
"This growth has been driven by robust performances within all three of our key business verticals; dedicated R&D centres, discovery services as well as development and manufacturing services," Syngene International CEO Jonathan Hunt said.
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Standalone total income from operations also rose to Rs 331.5 crore for the quarter under review as against Rs 251.8 crore in the same period a year ago.
For the entire fiscal, the company posted a net profit of Rs 221.2 crore compared with Rs 175 crore in 2014-15.
Total income from operations stood at Rs 1,107 crore in 2015-16 fiscal as against Rs 859.9 crore in the previous year.
Syngene International stock today closed 1.95 per cent up at Rs 378.55 on BSE.