Sadbhav Engineering Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting
29-05-2025 | 11:17 pm
29-05-2025 | 11:17 pm
Sadbhav Engineering has announced a board meeting on which it approved the consolidated financial results for the quarter and year. The company posted a consolidated loss before tax of Rs. 91.18 Cr for the quarter and Rs. 92.37 Cr for the year, with revenue rising to Rs. 289.78 Cr quarterly and Rs. 1036.45 Cr yearly. Interest costs remain elevated at Rs. 104 Cr for the quarter. Challenges persist from asset impairments, project cancellations, and legal disputes, but management is focused on restructuring via asset sales and arbitration to boost liquidity. The board is hopeful about a lender-backed resolution plan to strengthen cash flows.
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