Sadbhav Engineering PAT spikes 40 per cent sequentially

Sadbhav Engineering reported good set of numbers for the quarter ended September 30, 2017 on Monday.

Total sales for Q2FY18, came in at Rs. 693 crore. This represents a 26.6 per cent sequential decline and 12.6 per cent YoY increase.

Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 53.7 crore and the EBIT margin stood at 7.7 per cent.  The company reported PAT of Rs. 33.5 crore which represents a sequential QoQ decline of 39.6 per cent and a YoY increase of 80.8 per cent.

Company’s order book stood at Rs. 7,715 crore as on September 30 and added new orders of Rs. 141 crore.

In Road segment, execution is going on at very fast speed in all EPC Projects. Construction has also started in five HAM (Hybrid Annuity Model) projects. Construction in balance two HAM projects will start from Q3FY18 onwards. Revenue from execution of four HAM projects stood at Rs. 53 crore during Q2FY18.

On Monday, the stock opened at Rs. 318.15 and touched an intra-day high and low of Rs. 320.20 and Rs. 309.10, respectively and finally closed at Rs. 316.95, on the BSE.