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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 21.31 % in the past year, decrease in net sales/revenue by -6.69 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -33.09 %, Marginal decrease of -37.62% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for PSP Projects Limited. Profit dropped by -8.36 % Year to Year, PSP Projects Limited’s profitability increased by 123.45 % in this quarter.
- EPS over the Year and quarter: EPS declined by -16.27 % Year to Year. EPS increased by 104.18 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 513.627 Cr | Rs. 667.759 Cr | Rs. 623.062 Cr | -6.69 % | + 21.31 % |
| Expenses | Rs. 447.46 Cr | Rs. 615.66 Cr | Rs. 549.1 Cr | -10.81 % | + 22.71 % |
| Operating Profit | Rs. 66.17 Cr | Rs. 52.1 Cr | Rs. 73.96 Cr | + 41.96 % | + 11.77 % |
| OPM % | 12.88 % | 7.8 % | 11.87 % | + 4.07 % | -1.01 % |
| Other Income | Rs. 5.661 Cr | Rs. 6.072 Cr | Rs. 3.788 Cr | -37.62 % | -33.09 % |
| Interest | Rs. 9.08 Cr | Rs. 14.02 Cr | Rs. 13.17 Cr | -6.06 % | + 45.04 % |
| Depreciation | Rs. 11.85 Cr | Rs. 19.94 Cr | Rs. 16.74 Cr | -16.05 % | + 41.27 % |
| Profit before tax | Rs. 50.9 Cr | Rs. 24.21 Cr | Rs. 47.84 Cr | + 97.6 % | -6.01 % |
| Tax % | 25.69 % | 35.09 % | 27.49 % | -7.6 % | + 1.8 % |
| Net Profit | Rs. 37.85 Cr | Rs. 15.52 Cr | Rs. 34.68 Cr | + 123.45 % | -8.38 % |
| EPS in Rs | Rs. 10.51 | Rs. 4.31 | Rs. 8.8 | + 104.18 % | -16.27 % |
Today, we’re looking at PSP Projects Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 21.31 %. However, it did see a marginal slip of -6.69 % from the previous quarter. Expenses decreased slightly by -10.81 % quarter-on-quarter, aligning with the annual rise of 22.71 %. Operating profit, while up 11.77 % compared to last year, faced a quarter-on-quarter increase of 41.96 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.01 %, but an expansion of 4.07 % sequentially. Other income fell by -37.62 % compared to the last quarter, despite an annual decline of -33.09 %. Interest expenses dropped significantly by -6.06 % from the previous quarter, yet the year-over-year increase remains at a moderate 45.04 %. Depreciation costs fell by -16.05 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 41.27 %. Profit before tax declined annually by -6.01 % but saw an increase from the preceding quarter by 97.6 %.
Tax expenses as a percentage of profits increased slightly by 1.8 % compared to last year, with a more notable quarter-on-quarter decrease of -7.6 %. Net profit fell by -8.38 % year-on-year but experienced a 123.45 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -16.27 % but a quarterly rise of 104.18 %. In summary, PSP Projects Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 513.627 Cr | Rs. 667.759 Cr | Rs. 623.062 Cr | -6.69 % | + 21.31 % |
| Expenses | Rs. 447.46 Cr | Rs. 615.66 Cr | Rs. 549.1 Cr | -10.81 % | + 22.71 % |
| Operating Profit | Rs. 66.17 Cr | Rs. 52.1 Cr | Rs. 73.96 Cr | + 41.96 % | + 11.77 % |
| Net Profit | Rs. 37.85 Cr | Rs. 15.52 Cr | Rs. 34.68 Cr | + 123.45 % | -8.38 % |
| EPS in Rs | Rs. 10.51 | Rs. 4.31 | Rs. 8.8 | + 104.18 % | -16.27 % |
In reviewing PSP Projects Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 21.31 % year-on-year growth, although there was a slight dip of -6.69 % from the previous quarter. Expenses rose by 22.71 % compared to the previous year, with a decrease of -10.81 % quarter-on-quarter. Operating Profit surged by 11.77 % annually, and saw a 41.96 % increase from the last quarter.
Net Profit showed yearly decrease of -8.38 %, and experienced a 123.45 % increase from the previous quarter. Earnings Per Share (EPS) fell by -16.27 % annually, however rose by 104.18 % compared to the last quarter. In essence, while PSP Projects Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
