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Sadbhav Infrastructure Project posts Rs 21.5 cr net loss in Q3

Press Trust of India  |  New Delhi 

Sadbhav Infrastructure Project Ltd on Wednesday reported a standalone net loss of Rs 21.5 crore during the quarter ended December, mainly on account of fall in income and increased expenses.

The company had posted a net profit of Rs 14.1 crore during the same quarter a year ago, Sadbhav Infrastructure Project said in a BSE filing.

Total income during October-December fell to Rs 72.5 crore as compared with Rs 101 crore in the year-ago period.

The company's expenses stood at Rs 94 crore as against Rs 64 crore in October-December 2018.

Sadbhav Infrastructure is engaged in development, construction as well as operation and maintenance of infrastructure projects.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 12 2020. 20:46 IST