Sadbhav Engineering announced its Q2 FY24 results on November 14, 2024, highlighting a significant revenue drop but a return to profitability. Revenue fell by 53.04% year-over-year, a stark contrast to the ₹210.14 crore loss reported in the same quarter last year.
Quarter-on-quarter, revenue declined by 31.55%, while the company managed to reduce selling, general, and administrative expenses by 4.41% sequentially and 11.1% year-over-year. On the brighter side, operating income surged by 109.25% quarter-over-quarter and 166.84% year-over-year.
Despite revenue challenges, the company recorded a net profit of ₹27.41 crore. Earnings per share (EPS) improved to ₹-1.06, reflecting a 36.23% year-over-year increase, signaling progress in financial performance despite declining topline figures.
In the stock market, the company has faced mixed results, with a -13.01% return over the past week, a -2.96% return over six months, but a notable 28.79% gain year-to-date. With a market capitalization of ₹472.85 crore, and a 52-week trading range of ₹18.85 to ₹40.3, investors are closely monitoring Sadbhav Engineering’s strategies to navigate its ongoing challenges.
Sadbhav Engineering Limited is a prominent infrastructure development company in India, specializing in the construction of roads, highways, bridges, and irrigation projects. Established in 1988, the company has built a reputation for delivering high-quality projects across the country. Its diversified portfolio includes large-scale engineering, procurement, and construction (EPC) projects, as well as build-operate-transfer (BOT) and hybrid annuity model (HAM) ventures.
With a focus on innovation, operational efficiency, and timely execution, Sadbhav Engineering plays a key role in India’s infrastructure growth. Despite recent financial challenges, the company continues to pursue opportunities to strengthen its position in the competitive infrastructure sector.
