Hot Pursuit     18-Oct-22
PSP Projects slumps after Q2 PAT slips 41% YoY
PSP Projects tumbled 7.78% to Rs 590.10 after consolidated net profit delcined 40.8% to Rs 21.54 crore on 7.8% fall in revenue from operations to Rs 359.98 crore in Q2 FY23 over Q2 FY22.
Profit before tax stood at Rs 29.65 crore in Q2 FY23, down 38.6% from Rs 48.26 crore in Q2 FY22. Total expenses slipped 2.87% YoY to Rs 336.62 crore in the quarter ended 30 September 2022.

Cost of materials consumed stood at Rs 116.85 crore (down 6.92% YoY), Construction Expenses was at Rs 210.53 crore (up 13.5%), employee benefits expenses was at Rs 22.49 crore (up 44.95% YoY) and finance cost stood at Rs 70.49 crore (up 85.25% YoY) during the period under review.

PSP Projects is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in the country.

Previous News
  PSP Projects consolidated net profit rises 30.34% in the June 2023 quarter
 ( Results - Announcements 27-Jul-23   13:48 )
  PSP Projects rises after emerging as L1 bidder for Rs 297 crore project in Gujarat
 ( Hot Pursuit - 11-Dec-23   09:56 )
  PSP Projects to hold board meeting
 ( Corporate News - 02-Feb-24   16:59 )
  PSP Projects bags orders worth Rs 386 cr
 ( Hot Pursuit - 04-Mar-24   10:12 )
  PSP Projects to conduct board meeting
 ( Corporate News - 10-May-23   16:17 )
  Board of PSP Projects approves capex of up to Rs 20 cr
 ( Corporate News - 27-Jul-23   13:21 )
  Board of PSP Projects recommends Final Dividend
 ( Corporate News - 19-May-23   15:25 )
  PSP Projects successfully bids for Gujarat Govt.'s tourism project
 ( Corporate News - 14-Oct-22   10:34 )
  PSP Projects gains on emerging as lowest bidder for Gujrat project
 ( Hot Pursuit - 14-Oct-22   10:40 )
  PSP Projects appoints director
 ( Corporate News - 14-Jul-22   17:45 )
  PSP Projects consolidated net profit rises 158.64% in the September 2021 quarter
 ( Results - Announcements 27-Oct-21   14:17 )
Other Stories
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
  GRSE bags Rs 226-cr LoA from West Bengal Govt
  04-Oct-24   14:40
  Volumes soar at Avenue Supermarts Ltd counter
  04-Oct-24   14:30
  Real Estate stocks edge lower
  04-Oct-24   14:00
  Auto stocks edge lower
  04-Oct-24   14:00
  Utilties stocks edge lower
  04-Oct-24   14:00
  HDFC Bank Ltd down for fifth straight session
  04-Oct-24   13:35
  Power Grid Corporation of India Ltd down for fifth straight session
  04-Oct-24   13:35
Back Top