Q3FY18: Sadbhav Infra narrows losses

Sadbhav Infrastructure Project consolidated revenue for the quarter almost doubled to Rs. 624.3 crore. 

EBITDA for the quarter rose by 27.1% yoy to Rs. 296 crore with a corresponding margin contraction of 2486 bps. EBITDA margin for the quarter stood at 47.4%. This margin contraction was mainly led by sharp jump in construction cost to Rs. 204.5 crore in the quarter from Rs. 29 crore in corresponding quarter of last year. 

The company’s net loss for the period narrowed to Rs. 41.1 crore in the quarter from Rs. 69.6 crore in corresponding quarter of last year. 

Amidst sell-off in the markets, the stock of Sadbhav Infrastructure was no exception. The stock fell by almost 5 per cent from previous close of Rs. 140.2 per share.