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Sadbhav Engineering gains on reporting 45% jump in Q3 net profit

13 Feb 2015 Evaluate

Sadbhav Engineering is currently trading at Rs 322.00, up by 3.35 points or 1.05% from its previous closing of Rs. 318.65 on the BSE.

The scrip opened at Rs. 323.95 and has touched a high and low of Rs. 341.00 and Rs. 307.15 respectively. So far 156365 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 330.00 on 12-Feb-2015 and a 52 week low of Rs. 73.15 on 06-Mar-2014.

Last one week high and low of the scrip stood at Rs. 330.00 and Rs. 274.30 respectively. The current market cap of the company is Rs. 5443.53 crore.

The promoters holding in the company stood at 47.12% while Institutions and Non-Institutions held 40.39% and 12.50% respectively.

Sadbhav Engineering has registered a rise of 45.45% in its net profit at Rs 37.73 crore for third quarter ended December 31, 2014 as compared to Rs 25.94 crore for the same quarter in the previous year. The total income of the company increased by 15.43% at Rs 723.52 crore for Q3FY15 as compared to Rs 626.78 crore for the corresponding quarter previous year.

Sadbhav Engineering is one of the largest BOT developers in the road sector in India with good project execution skills. SEL operates in the four distinct business areas in the infrastructure sector viz. BOT road projects, cash contract-based road projects, irrigation projects and mining.

Peers
Company Name CMP
Larsen & Toubro 3928.00
Kalpataru Projects 1412.20
NCC 136.00
Rail Vikas Nigam 211.60
KEC International 402.35
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