STOCK MARKET

PSP Projects Slips After Q3 PAT Drops 29% YoY

Picture Source: Internet

After the company reported the consolidated net profit dropped 29.47% to Rs 35.36 crore in the October-December quarter of  FY23 from Rs 50.13 crore in the October-December quarter of FY22, then PSP Projects dropped 4.59% to Rs 681.15. However, revenue from operations stood at Rs 500.15 crore in the October-December quarter of FY23, registering a growth of 3% on a YoY basis.

Profit before tax stood at Rs 48.25 crore in the October-December quarter of  FY23, down 26.8% from Rs 65.91 crore in the October-December quarter of  FY22. Total expenses increased 6.9% YoY to Rs 458.34 crore in the third quarter of FY23. 

The company offers a diversified range of allied and construction services across institutional, industrial, residential projects, government residential, and government all over the country.

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