PSP Projects Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- PSP Projects Ltd reported a 7.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 10.9%.
- Its expenses for the quarter were up by 8.1% QoQ and down 6.8% YoY.
- The net profit decreased 50.6% QoQ and decreased 83.8% YoY.
- The earnings per share (EPS) of PSP Projects Ltd stood at 1.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 633.99 | 590.54 | 711.18 | 7.4% | -10.9% |
Total Expenses | 623.67 | 576.88 | 669.15 | 8.1% | -6.8% |
Profit Before Tax | 10.32 | 13.66 | 42.04 | -24.5% | -75.5% |
Tax | 3.74 | 3.44 | 10.98 | 8.7% | -65.9% |
Profit After Tax | 5.05 | 10.22 | 31.08 | -50.6% | -83.8% |
Earnings Per Share | 1.30 | 2.60 | 8.60 | -50.0% | -84.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
PSP Projects Ltd is a construction and infrastructure development company based in India. The company is primarily engaged in providing a range of services including building and construction projects across industrial, institutional, government, and residential segments. PSP Projects Ltd has been known for delivering high-quality construction projects, encompassing both large and complex undertakings. As of the latest developments available, the company's strategic focus remains on enhancing operational efficiency and expanding its project portfolio to encompass a wider range of infrastructure projects. However, specific recent major developments for PSP Projects Ltd are not provided in the data.
Revenue
During the third quarter of the fiscal year 2025 (Q3FY25), PSP Projects Ltd reported a total income of ₹633.99 crores. This represents a quarter-over-quarter (QoQ) increase of 7.4% compared to ₹590.54 crores in Q2FY25. Year-over-year (YoY), the total income shows a decline of 10.9% from ₹711.18 crores reported in Q3FY24. This fluctuation highlights a dynamic revenue pattern over the past year, with an increase in revenue observed in the latest quarter when compared sequentially within the fiscal year.
Profitability
For Q3FY25, the company recorded a Profit Before Tax (PBT) of ₹10.32 crores, marking a decrease of 24.5% QoQ from ₹13.66 crores in Q2FY25. Compared to Q3FY24, where the PBT was ₹42.04 crores, there is a significant YoY decline of 75.5%. The Profit After Tax (PAT) for Q3FY25 stands at ₹5.05 crores, a reduction of 50.6% QoQ from ₹10.22 crores in the previous quarter, and an 83.8% YoY decline from ₹31.08 crores in the same quarter last year. The Earnings Per Share (EPS) also decreased to ₹1.30 in Q3FY25 from ₹2.60 in Q2FY25, and a notable reduction from ₹8.60 in Q3FY24, reflecting a YoY decrease of 84.9%.
Operating Metrics
The company's total expenses for Q3FY25 were ₹623.67 crores, which shows an 8.1% increase QoQ from ₹576.88 crores in Q2FY25. Compared to the same period last year, the expenses have decreased by 6.8% from ₹669.15 crores in Q3FY24. The tax expense for the quarter is ₹3.74 crores, which is an 8.7% increase QoQ from ₹3.44 crores in Q2FY25, but a decrease of 65.9% YoY from ₹10.98 crores in Q3FY24. These data points provide a detailed view of the operational costs and tax liabilities impacting the company's financial outcomes for the quarter.
