New Delhi: Sadbhav Engineering Ltd’s net profit went to Rs 39.46 crore for the first quarter ended June 2019 as compared to Rs 63.41 crore in the corresponding quarter of the previous fiscal, according to a statement by the company.
The net sales of the company went down to Rs 837.64 crore in the latest quarter as compared to Rs 911.44 crore in the corresponding quarter of the previous financial year.
Transport (highways) business contributed to Rs 732.42 crore to the total revenues of the company in the latest quarter. Irrigation segment of the business contributed Rs 48.24 crore, mining segment contributed Rs 53.48 crore and power generation business contributed Rs 2.02 crore.
The company has re-appointed Vipul H Patel as Whole Time Director designated as an Executive Director of the company with effect from 20th August 2019 up to 20th August 2022. It has also reappointed Sandip Patel as an Independent Director of the company for a second term of five years. It has also reappointed Atul Ruparel as an Independent Director of the company for a second term of five years.
The company has reappointed Mirat Bhadlawala as an Independent Director of the company for a second term of 5 five years.