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Axis Securities Report
PSP Projects Ltd. reported a weak set of numbers due to slower execution resulting from ongoing monsoons in Gujarat and increased expenses incurred for Uttar Pradesh projects.
In Q2 FY25, the company reported revenue of Rs 586 crore (down 5% YoY), Ebitda of Rs 38 crore (down 48% YoY), and adjusted profit after tax of Rs 10 crore (down 73% YoY). Ebitda margins were at 6.4% in Q2 FY25, compared to the estimated 10.4%, and down from 11.9% in Q1 FY25.
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Also Read: J Kumar Q2 Results Review - Healthy Execution To Continue Led By Robust Order Book: Dolat Capital
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