Sadbhav Engineering Q2 Results 2024:Sadbhav Engineering declared its Q2 results for 2024 on November 14, 2024, revealing a significant decline in revenue and a modest profit. The company’s topline decreased by 53.04% year-over-year, coming in stark contrast to the previous fiscal year when it reported a loss of ₹210.14 crore during the same period.
In comparison to the previous quarter, Sadbhav’s revenue also saw a decline of 31.55%. However, it is important to note that the company’s selling, general, and administrative expenses decreased, showing a decline of 4.41% quarter-over-quarter and 11.1% year-over-year.
On a positive note, Sadbhav Engineering’s operating income experienced a significant increase, up by 109.25% quarter-over-quarter and 166.84% year-over-year. Despite the revenue drop, the company managed to report a profit of ₹27.41 crore.
The earnings per share (EPS) for Q2 stood at ₹-1.06, which marks a 36.23% increase year-over-year. This indicates some improvement in the company’s financial health despite the overall decline in revenue.
In the stock market, Sadbhav Engineering has faced challenges, delivering a -13.01% return over the past week and a -2.96% return over the last six months. However, it has shown a 28.79% return year-to-date.
Currently, Sadbhav Engineering holds a market capitalization of ₹472.85 crore, with a 52-week high of ₹40.3 and a low of ₹18.85. Investors will be watching closely for any strategic moves the company may take to recover from the recent downturn.
Sadbhav Engineering Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 205.86 | 300.74 | -31.55% | 438.35 | -53.04% |
| Selling/ General/ Admin Expenses Total | 12 | 12.56 | -4.41% | 13.5 | -11.1% |
| Depreciation/ Amortization | 30.89 | 32.02 | -3.54% | 31.82 | -2.92% |
| Total Operating Expense | 65.65 | 233.73 | -71.91% | 648.13 | -89.87% |
| Operating Income | 140.22 | 67.01 | +109.25% | -209.77 | +166.84% |
| Net Income Before Taxes | 53.24 | -26.19 | +303.29% | -301.57 | +117.65% |
| Net Income | 27.41 | -35.63 | +176.93% | -210.14 | +113.05% |
| Diluted Normalized EPS | -1.06 | -2.31 | +54.16% | -1.66 | +36.23% |
Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
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