A penny stock surged as much as 10 per cent to hit its upper circuit on the BSE on Monday, August 18, after the company reported its Q1FY26 results. Sadbhav Engineering share price opened at its 10 per cent upper circuit of ₹13.13 on Monday, August 18, after the civil construction firm said it earned a profit of ₹31.2 crore for Q1FY26 against a loss of ₹30.74 crore in the same quarter last year.
Sadbhav Engineering Q1 results
After market hours on August 14, Sadbhav Engineering said it earned a consolidated profit of ₹31.2 crore for Q1FY26 against incurring a loss of ₹30.74 crore in the same quarter of the previous financial year.
The company's revenue from operations for the quarter under review, however, declined 26.25 per cent year-on-year to ₹222 crore. In the same quarter last year, it stood at ₹301 crore.
Meanwhile, the company announced the re-appointment of Shashin Patel as the chairman and managing director of the company.
"As the term of Shashin Patel as the chairman and managing director is getting completed in December 2025, on the recommendation of the Nomination and Remuneration Committee of the company, Shashin Patel has been re-appointed as the chairman and managing director of the company w.e.f. 17 December 2025 till 16 December 2028," said the company.
Sadbhav Engineering share price trend
The penny stock has suffered steep losses this year so far, falling 52 per cent year-to-date.
It hit a 52-week low of ₹10.79 on March 28 this year after hitting a 52-week high of ₹38.70 on September 6 last year.
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