Sadbhav Engineering Ltd suffers net loss of Rs 123 cr for Q1FY21

New Delhi: Sadbhav Engineering Ltd suffered a consolidated net loss of Rs 123 crore for the first quarter of the current financial year as compared to a net profit of Rs 1,280 crore in the corresponding quarter of the previous fiscal. 

The company’s consolidated revenues from income fell 39 percent to Rs 383 crore for the first quarter of the current financial year as compared to Rs 629 crore in the corresponding quarter of the previous fiscal. 

Company’s consolidated profit before tax (loss) was Rs 120 crore (loss) for the first quarter of the current financial year as compared to Rs 1,361 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

 

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