Sadbhav Engineering’s consolidated net loss widens to Rs 41 crore
17th Nov 2020

Sadbhav Engineering has reported results for the second quarter ended September 30, 2020.

The company has reported a fall of 79.73% in its net profit at Rs 5.24 crore for the quarter under review as compared to net profit of Rs 25.85 crore for the same quarter in the previous year. Total income of the company decreased by 27.03% at Rs 416.99 crore for Q2FY21 as compared Rs 571.46 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss attributable to owners at Rs 41.37 crore for the quarter under review as compared to net loss at Rs 15.94 crore for the same quarter in the previous year. Total income of the company decreased by 40.02% at Rs 620.80 crore for Q2FY21 as compared Rs 1035.08 crore for the corresponding quarter previous year.