Sadbhav Engineering registers net profit of Rs 1,280 cr for Q4FY20

New Delhi: Sadbhav Engineering Ltd registered consolidated net profit of Rs 1,280 crore in the fourth quarter of the 2019-20 fiscal as compared to a net loss of Rs 55 crore in the same quarter of the previous fiscal. 

The consolidated revenue from operations dropped 57 percent to Rs 629 crore in the fourth quarter of fiscal 2019-20 as compared to Rs 1,471 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

The company’s consolidated net profit stood at Rs 1,106 crore for the whole fiscal 2019-20 as compared to a net loss of Rs 54 crore in the previous fiscal. 

The consolidated revenue from operations fell 33 percent to Rs 3,487 crore in the whole fiscal 2019-20 as compared to Rs 5,240 crore in the previous fiscal. 

The consolidated total expenses of the company fell to Rs 845 crore in the fourth quarter of the last fiscal as compared to Rs 1,653 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company dropped to Rs 4,156 crore in the last fiscal as compared to Rs 5,479 crore in the previous fiscal.

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