Sadbhav Infra posts net loss for the quarter

Sadbhav Infrastructure Project Ltd. continued its deterioration in net profit Q4FY18. However, the company's revenue grew substantially and it improved operational performance too. 

The total revenue for the quarter rose by 95 per cent YoY and 21.8 per cent QoQ to Rs 761 crore in Q4FY18 as against Rs.389 crore in Q4FY17 and Rs 624 crore in Q3FY18. On full year basis, the revenue grew by 68 per cent YoY to Rs 2276 crore in FY18 vs Rs 1348 crore. 

The EBITDA for the quarter also jumped by 25 per cent YoY to Rs 284 crore in Q4FY18 as against Rs.228 crore in Q4FY17. However, the EBIDA margin declined by 210 bps to 37.4 per cent in Q4FY18 compared with 58 per cent in Q4FY17. This was largely due to substantial jump in construction cost to Rs 398 crore in Q4FY18 vs Rs 42 crore in Q4FY17. 

The bottomline remained subdued as net loss for the quarter declined to Rs 83.9 crore as against Rs.95.2 crore in Q4FY17. On a full year basis, the net loss reduced to Rs 337 crore in FY18 vs Rs 360 crore in FY17.

The stock opened today negative and currently trading at Rs.371.9 mark down by 0.6 per cent.