India's Sequent Scientific falls on March-quarter loss

Viyash Scientific

24/05/2023 08:00

** Shares of Sequent Scientific Ltd  SEQU.NS  fall as much
as 8.67% to an one-month low of 70.60 rupees
    ** Co reports consolidated net loss of 935.75 mln rupees in
March quarter compared to a profit of 88.26 mln rupees a year
ago
    ** Results of the quarter reflect a one-time change on
closure of manufacturing in Germany and fall in demand in Turkey
due to the devastating earthquake during the March quarter: Co
    ** Pricing pressures and currency challenges in some markets
also dragged demand and earnings, co says
    ** Trading volume is 3.37 mln shares as of 12:17 p.m. IST,
1.6x the 30-day avg - Refinitiv data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))