Sadbhav Engineering reports 58% rise in Q3 net profit

Sadbhav Engineering has reported results for its third quarter ended December 31, 2011.

The company has posted a surge of 58.11% in its net profit of Rs 41.71 crore for the quarter ended December 31, 2011 as compared to Rs 26.38 crore for the same quarter in the previous year. Total income has increased by 51.98% from Rs 476.22 crore for Q3FY11 to Rs 723.74 crore in the quarter under review.

Sadbhav Engineering (SEL) 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.