SEQUENT SCIENTIFIC Announces Quarterly Results (1QFY22); Net Profit Down 86.3%

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SEQUENT SCIENTIFIC Announces Quarterly Results (1QFY22); Net Profit Down 86.3%
Thu, 12 Aug

SEQUENT SCIENTIFIC has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

SEQUENT SCIENTIFIC Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m2,9533,6183,205-11.4%8.6%
Other incomeRs m15142794.7%72.6%
TurnoverRs m2,9683,6323,232-11.0%8.9%
ExpensesRs m2,4983,1853,004-5.7%20.2%
Gross profitRs m455435202-53.7%-55.7%
DepreciationRs m130127126-0.9%-3.5%
InterestRs m763230-4.8%-60.5%
Profit before taxRs m26429072-75.1%-72.6%
TaxRs m705546-16.5%-34.6%
Profit after taxRs m19423526-88.7%-86.3%
Gross profit margin%15.412.06.3
Effective tax rate%26.618.963.4
Net profit margin%6.56.50.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 8.6% on a year-on-year (YoY) basis. The expenses were up by 20.2% YoY during the same period.
  • The company's operating profit declined by 55.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.3% in 1QFY22 as against 15.4% in 1QFY21.
  • Depreciation charges declined by 3.5% and finance costs declined by 60.5% YoY, respectively.
  • Other income increased by 72.6% YoY during the quarter.
  • Net profit for the quarter declined by 86.3% YoY. Net profit margins during the quarter declined from 6.5% in 1QFY21 to 0.8% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.7% QoQ during the same period.
  • The company's operating profit declined by 53.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.3% in 1QFY22 as against 12.0% in 4QFY21.
  • Net profit for the quarter declined by 88.7% QoQ, while net profit margins declined from 6.5% in 4QFY21 to 0.8% in 1QFY22.

To see how SEQUENT SCIENTIFIC has performed over the last eight quarters,please visit here.

Check Out: Why Millions of Dollars are Getting Pumped into this Sector?

SEQUENT SCIENTIFIC Share Price Performance

Over the last one year, SEQUENT SCIENTIFIC share price has moved up from Rs 129.9 to Rs 256.7, registering a Gain of Rs 126.8 or around 97.6%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 26,021.0 (up 0.0%). Over the last one year it has moved up from 19,096.0 to 26,021.0, a gain of 6,925 points (up 36.3%).

Overall, the S&P BSE SENSEX is up 43.4% over the year.

Current Valuations

At the current price of Rs 256.7, the price to earnings (P/E) ratio of SEQUENT SCIENTIFIC stands at 73.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.7 times.

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