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This Article is From Oct 29, 2024

PSP Projects Q2 Results Review - Performance To Improve In H2: Axis Securities

PSP Projects Q2 Results Review - Performance To Improve In H2: Axis Securities
A residential tower developed by PSP Projects Ltd. (Source: Company website)

NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

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