Sadbhav Engineering Limited (SEL) reported weak standalone earnings for Q1FY2020 owing to a delay in receipt of appointed dates for hybrid annuity model (HAM) projects, which dragged down revenue and net profit by 8% and 38% y-o-y, respectively. The management maintained a revenue guidance of Rs. 3,600 crore for FY2020 on back of better execution in H2FY2020 along with receipt of appointed dates for couple of projects at the start of H2FY2020. Post the transfer of nine assets in recently signed deal with the IndInfravit trust, the management is...