Sadbhav Engg declines after announcing Q4 numbers

Sadbhav Engineering fell 3.93% to Rs 274.75 at 14:23 IST on BSE after net profit rose 4.68% at Rs 40.68 crore on 10.38% decline in total income to Rs 877.53 crore in Q4 March 2016 over Q4 March 2015.

The result was announced during market hours today, 27 April 2016.

Meanwhile, the S&P BSE Sensex was up 49.77 points or 0.19% at 26,057.07.

On BSE, so far 76,000 shares were traded in the counter as against average daily volume of 13,375 shares in the past one quarter. The stock hit a high of Rs 292.15 and a low of Rs 272.65 so far during the day. The stock had hit a 52-week low of Rs 198.45 on 26 February 2016. The stock had hit a 52-week high of Rs 369.95 on 4 December 2015. The stock had outperformed the market over the past one month till 26 April 2016, gaining 4.93% compared with Sensex's 2.64% rise. The scrip had, however, underperformed the market in past one quarter, sliding 7.11% as against Sensex's 6.21% rise.

The mid-cap company has equity capital of Rs 17.15 crore. Face value per share is Rs 1.

Sadbhav Engineering reported an exceptional expense of Rs 9.06 crore in Q4 March 2016. There were no exceptional items in Q4 March 2015.

Sadbhav Engineering is counted among the leading infrastructure companies of India. The company's business focuses on Infrastructure projects which include construction of roads & highways, bridges, irrigation supporting infrastructure and mining.

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