Syngene reported a strong set of numbers with 40% revenue growth. However, form 483 for BA/BE facility is a dampener for the company. Jonathan Hunt, CEO of the company discuss the performance and future growth prospects.
“We had a good finish to this year. Growth was a little bit low for us, it was down at 6% in Q1. It steadily built momentum throughout the year. So 6% became 10%, became 15% and quite a strong finish to the year,” he said.
“Full year growth rate was 17%. That is the floor for the performance in FY19. Expect to maybe come a little bit ahead of that, so high teens on a reported basis,” he added.
“We said we are going to continue to make the right investments to drive long-term value creation and you have seen us do that during the year,” Hunt further mentioned.