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PSP Projects Ltd Q1FY24; 32% rise in Profits

PSP Projects Limited is a construction company incorporated in August 2008 offering a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India. The principal promoter, Mr. Prahalad S. Patel has over three decades of experience in the construction industry.
It is also engaged in the real estate development of two mid-scale projects in the USA through its subsidiaries

Financial Results:

PSP Projects Ltd reported Revenues for Q1FY24 of ₹510.00 Crores up from ₹345.00 Crore year on year, a rise of 47.83%.

Total Expenses for Q1FY24 of ₹466.00 Crores up from ₹313.00 Crores year on year, a rise of 48.88%.

Consolidated Net Profit of ₹37.00 Crores up 32.14% from ₹28.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹10.20, up 28.95% from ₹7.91 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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