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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 42.67 % in the past year, substantial increase in net sales/revenue by 56.84 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 215.02 %. Marginal decrease of -16.45% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Sequent Scientific Limited. Profit dropped by -166.15 % Year to Year, Sequent Scientific Limited’s profitability increased by 19.59 % in this quarter.
- EPS over the Year and quarter: EPS declined by -166.67 % Year to Year. EPS increased by 20 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 40.423 Cr | Rs. 36.771 Cr | Rs. 57.67 Cr | + 56.84 % | + 42.67 % |
Expenses | Rs. 49.49 Cr | Rs. 42.51 Cr | Rs. 59.65 Cr | + 40.32 % | + 20.53 % |
Operating Profit | Rs. -9.07 Cr | Rs. -5.74 Cr | Rs. -1.98 Cr | + 65.51 % | + 78.17 % |
OPM % | -22.44 % | -15.61 % | -3.43 % | + 12.18 % | + 19.01 % |
Other Income | Rs. 3.441 Cr | Rs. 12.975 Cr | Rs. 10.84 Cr | -16.45 % | + 215.02 % |
Interest | Rs. 0.98 Cr | Rs. 1.03 Cr | Rs. 0.81 Cr | -21.36 % | -17.35 % |
Depreciation | Rs. 2.43 Cr | Rs. 2.11 Cr | Rs. 2 Cr | -5.21 % | -17.7 % |
Profit before tax | Rs. -9.04 Cr | Rs. 4.1 Cr | Rs. 6.05 Cr | + 47.56 % | + 166.92 % |
Tax % | -24.69 % | 8.22 % | 25.62 % | + 17.4 % | + 50.31 % |
Net Profit | Rs. -6.8 Cr | Rs. 3.76 Cr | Rs. 4.5 Cr | + 19.68 % | + 166.18 % |
EPS in Rs | Rs. -0.27 | Rs. 0.15 | Rs. 0.18 | + 20 % | + 166.67 % |
Today, we’re looking at Sequent Scientific Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 42.67 %. However, it did see a marginal increase of 56.84 % from the previous quarter. Expenses ticked up slightly by 40.32 % quarter-on-quarter, aligning with the annual rise of 20.53 %. Operating profit, while up 78.17 % compared to last year, faced a quarter-on-quarter increase of 65.51 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 19.01 %, but an expansion of 12.18 % sequentially. Other income fell by -16.45 % compared to the last quarter, despite an annual growth of 215.02 %. Interest expenses dropped significantly by -21.36 % from the previous quarter, yet the year-over-year decrease remains at a moderate -17.35 %. Depreciation costs fell by -5.21 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -17.7 %. Profit before tax grew annually by 166.92 % but saw an increase from the preceding quarter by 47.56 %.
Tax expenses as a percentage of profits increased slightly by 50.31 % compared to last year, with a more notable quarter-on-quarter increase of 17.4 %. Net profit rose by 166.18 % year-on-year but experienced a 19.68 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 166.67 % but a quarterly rise of 20 %. In summary, Sequent Scientific Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 40.423 Cr | Rs. 36.771 Cr | Rs. 57.67 Cr | + 56.84 % | + 42.67 % |
Expenses | Rs. 49.49 Cr | Rs. 42.51 Cr | Rs. 59.65 Cr | + 40.32 % | + 20.53 % |
Operating Profit | Rs. -9.07 Cr | Rs. -5.74 Cr | Rs. -1.98 Cr | + 65.51 % | + 78.17 % |
Net Profit | Rs. -6.8 Cr | Rs. 3.76 Cr | Rs. 4.5 Cr | + 19.68 % | + 166.18 % |
EPS in Rs | Rs. -0.27 | Rs. 0.15 | Rs. 0.18 | + 20 % | + 166.67 % |
In reviewing Sequent Scientific Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 42.67 % year-on-year growth, however, there was a minor increase of 56.84 % from the previous quarter. Expenses rose by 20.53 % compared to the previous year, with a 40.32 % increase quarter-on-quarter. Operating Profit surged by 78.17 % annually, and saw a 65.51 % increase from the last quarter.
Net Profit showed yearly increase of 166.18 %, and experienced a 19.68 % increase from the previous quarter. Earnings Per Share (EPS) rose by 166.67 % annually, however rose by 20 % compared to the last quarter. In essence, while Sequent Scientific Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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