Sadbhav Infrastructure Projects reports standalone net loss of Rs 0.28 crore in the September 2019 quarter
Sadbhav Infrastructure Project receives extension of concession period for toll project in Maharashtra
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.
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