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ICICI Direct Report
Sadbhav Engineering Ltd. continued to report disappointing numbers in H1 FY21 with revenue falling 54.2% YoY to Rs 641.9 crore, largely marred by disruptions caused by Covid-19 pandemic.
Operating margin fell 162 basis points YoY to 10.8% for H1. At net level, the company reported loss of Rs 21.3 crore during H1 FY21 on account of lower operational revenue and higher costs.
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