Sequent Scientific swung to a profit for the quarter ended June 2015. During the quarter, the company reported a profit of Rs 7.36 million compared with a loss of Rs 114.12 million in the same quarter last year.
Revenues for the quarter rose 31.66% to Rs 1,484.50 million, compared with Rs 1,128 million for the prior year period.
Total expenses as a percent of revenues decreased to 93.73 percent from 100.67 percent in the same period last year. This has led to an improvement of 694 basis points in operating margin to 6.27 percent.
Operating margin for the quarter stood at positive 0.67 percent as compared to a negative 0.67 percent for the previous year period. Operating Income for the quarter was Rs 93.07 million, compared with an operating loss of Rs 7.54 million in the previous year period.
Earnings per share stood at Rs 0.19 compared with negative Rs 4.17 in the same quarter last year.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 1,484.50 | 1,127.50 | 31.66 |
| Net Profit | 7.36 | (114.12) | - |
| Diluted EPS | 0.19 | (4.17) | - |
Shares of the company declined Rs 3.5, or 0.44%, to trade at Rs 788.00. The total volume of shares traded was 32,422 at the BSE (3.29 p.m., Thursday).
