19 Jan 2021 | 3:09 PM

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Sequent Scientific Q2 net profit zooms 275.65% at Rs 10.18 cr
  Sequent Scientific Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-13-2019
The company reported standalone net profit of Rs 10.18 crore for the quarter ended September 30 2019 as compared to Rs 2.71 crore in the same period last year registering a year-on-year growth of 275.65 per cent.


Net revenue of the company rose substantially by 42.16 per cent at Rs 51.52 crore in July-September quarter of this fiscal as against Rs 36.24 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 34.23 per cent to Rs 48.66 crore from Rs 36.25 crore in year ago period.


Other Income grew by 57.55 per cent at Rs 7.20 crore versus (Sep`18 Rs 4.57 crore).


Operating Profit surged by 28700.00 per cent to Rs 2.86 crore as against Rs -0.01 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 27900.00 per cent in September quarter.


Interest grew by 1883.33 per cent y-o-y to Rs 1.19 crore while Taxation increased by 0.00 per cent at Rs -3.54 crore (Sep`18 Rs 0.00 crore).