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.

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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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