InvestorQ : Why did Sadbhav Engineering slip into such a big loss in Q1 ended Jun-20?
Arusha Ray made post

Why did Sadbhav Engineering slip into such a big loss in Q1 ended Jun-20?

Answer
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3 weeks ago


Sadbhav Engineering reported widening of consolidated loss for the Jun-20 quarter to Rs.123.45 crore. This is almost four times the loss of Rs.30.04 crore that it had reported for the Jun-19 quarter.

Total income for the Jun-20 quarter fell sharply by nearly 66% to Rs.456.43 crore. However, the total expenditure for the quarter also fell sharply from Rs.1353 crore to Rs.577 crore in the Jun-20 quarter, providing some relief in the process.