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News Details

( As on 29/05/2023 07:00)

Sadbhav Engineering posts Q4 net loss of Rs 269.09 cr

The company reported standalone net loss during the quarter stood at Rs 269.09 crore as compared to net loss of Rs 700.60 crore in the previous year quarter.

Net revenue of the company declined substantially by 45.96 per cent at Rs 194.55 crore in January-March quarter of this fiscal as against Rs 359.98 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 49.52 per cent to Rs 503.41 crore from Rs 997.33 crore in year ago period.

Other Income grew by 346.99 per cent at Rs 109.20 crore versus (Mar'22 Rs 24.43 crore).

Operating Profit slipped by 51.54 per cent to Rs -308.85 crore as against Rs -637.34 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.34 per cent in March quarter.

Interest declined by 21.54 per cent y-o-y to Rs 42.07 crore, while Taxation decreased by 62.97 per cent at Rs 5.14 crore (Mar'22 Rs 13.88 crore).