Sadbhav Infrastructure Project clocks net profit of Rs 1,287 cr in Q4FY20

New Delhi: Sadbhav Infrastructure Project Ltd clocked consolidated net profit of Rs 1,287 crore  in the fourth quarter of the 2019-20 fiscal as compared to a net loss of Rs 86 crore in the same quarter of the previous fiscal. 

The consolidated revenue from operations dropped 58 percent to Rs 377 crore in the fourth quarter of fiscal 2019-20 as compared to Rs 895 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 1,029 crore for the whole fiscal 2019-20 as compared to a net loss of Rs 247.8 crore in the previous fiscal. 

The consolidated revenue from operations fell 36 percent to Rs 2,270 crore in the whole fiscal 2019-20 as compared to Rs 3,547 crore in the previous fiscal. 

The consolidated total expenses of the company fell to Rs 584 crore in the fourth quarter of the last fiscal as compared to Rs 1,161 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company dropped to Rs 2,982 crore in the last fiscal as compared to Rs 3,970 crore in the previous fiscal.

 

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