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Sadbhav Engineering reports 95% rise in Q4 net profit

Sadbhav Engineering has reported results for fourth quarter and year ended March 31, 2017.

The company has reported a rise of 95.36% in its net profit at Rs 68.21 crore for the quarter ended March 31, 2017 as compared to Rs 34.92 crore for the same quarter in the previous year. Total income of the company increased by 20.39% at Rs 1032.87 crore for quarter under review as compared to Rs 857.96 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a rise of 42.29% in its net profit at Rs 187.85 crore as compared to Rs 132.02 crore in FY16. Total income of company increased by 4.21% at Rs 3320.31 crore for year under review as compared to Rs 3186.25 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a net loss of Rs 54.03 crore as compared to a net loss of Rs 103.28 crore in the previous year. Total income of the company increased by 12.40% at Rs 4570.00 crore for year under review as compared to Rs 4065.80 crore for the year ended March 31, 2016.

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