20 Jun 2019 | 3:52 PM

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COMPANYNEWS
PSP Projects Q4 net profit up 31.23% at Rs 30.13 cr
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Published on 05-27-2019
The company reported standalone net profit of Rs 30.13 crore for the quarter ended March 31 2019 as compared to Rs 22.96 crore in the same period last year registering a year-on-year growth of 31.23 per cent.


Net revenue of the company rose substantially by 28.28 per cent at Rs 338.26 crore in January-March quarter of this fiscal as against Rs 263.68 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 26.82 per cent to Rs 288.38 crore from Rs 227.39 crore in year ago period.


Other Income grew by 13.33 per cent at Rs 6.63 crore versus (Mar`18 Rs 5.85 crore).


Operating Profit surged by 37.45 per cent to Rs 49.88 crore as against Rs 36.29 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 7.19 per cent in March quarter.


Interest grew by 6.35 per cent y-o-y to Rs 3.18 crore while Taxation increased by 32.61 per cent at Rs 15.78 crore (Mar`18 Rs 11.90 crore).