The announcement was made after market hours yesterday, 22 July 2021.

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.

The company reported a consolidated net profit of Rs 24.91 crore in Q1 FY22 as against a net loss of Rs 3.44 crore in Q1 FY21. Net sales during the quarter surged 196.9% YoY to Rs 317.36 crore during the quarter.