SeQuent Scientific Ltd experienced a surge of nearly 3% in its shares following its impressive third-quarter performance. The company reported a significant improvement in margins, with a rise to 6.7% compared to 2.7% year-on-year (YoY).
In the quarter ending December 2023, SeQuent Scientific recorded a net profit of Rs 8.27 crore, marking a substantial turnaround from a net loss of Rs 8.87 crore in the same period last year. Despite a 12.24% decline in sales, which amounted to Rs 329.36 crore, compared to Rs 375.31 crore in the corresponding quarter of the previous year, the company managed to achieve profitability.
As of 12:10 pm, SeQuent Scientific’s shares were trading 2.83% higher at ₹132.70, reflecting the positive investor sentiment towards its strong performance in the latest quarter.
