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    HomeNewsBusinessEarningsSequent Scientific posts Rs 30.53 cr profit for Q2

    Sequent Scientific posts Rs 30.53 cr profit for Q2

    The company had posted a net loss of Rs 4.44 crore for the corresponding period of the previous fiscal, Sequent Scientific said in a filing to BSE.

    PTI
    November 09, 2017 / 16:21 IST
    We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)
       
       
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      Drug firm Sequent Scientific today reported a consolidated net profit of Rs 30.53 crore for the quarter ending September 30.

      The company had posted a net loss of Rs 4.44 crore for the corresponding period of the previous fiscal, Sequent Scientific said in a filing to BSE.

      Consolidated total income of the company stood at Rs 271.93 crore for the quarter under consideration as compared to Rs 232.79 crore for the same period previous fiscal.

      In a separate filing, the company said its board has declared an interim dividend of Rs 0.20 per equity share of Rs 2 each.

      Shares of Sequent Scientific were trading at Rs 99.70 in afternoon trade on BSE today, down 3.90 per cent from its previous close.

      PTI
      first published: Nov 9, 2017 04:13 pm

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