PSP PROJECTS Announces Quarterly Results (2QFY20); Net Profit Up 86.4%

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PSP PROJECTS Announces Quarterly Results (2QFY20); Net Profit Up 86.4%
Fri, 1 Nov

PSP PROJECTS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

PSP PROJECTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m2,0993,0733,1251.7%48.9%
Other incomeRs m54526932.1%26.2%
TurnoverRs m2,1543,1253,1942.2%48.3%
ExpensesRs m1,8062,6462,6931.8%49.1%
Gross profitRs m2944274331.4%47.2%
DepreciationRs m5859625.5%7.3%
InterestRs m23283733.1%61.4%
Profit before taxRs m2673924022.6%50.4%
TaxRs m9213775-45.2%-18.2%
Profit after taxRs m17625532728.2%86.4%
Gross profit margin%14.013.913.8
Effective tax rate%34.434.918.7
Net profit margin%8.28.210.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 48.9% on a year-on-year (YoY) basis. The expenses were up by 49.1% YoY during the same period.
  • The company's operating profit increased by 47.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 13.8% in 2QFY20.
  • Depreciation charges increased by 7.3% and finance costs increased by 61.4% YoY, respectively.
  • Other income increased by 26.2% YoY during the quarter.
  • Net profit for the quarter increased by 86.4% YoY. Net profit margins during the quarter increased from 8.2% in 2QFY19 to 10.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.8% QoQ during the same period.
  • The company's operating profit increased by 1.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.8% in 2QFY20 as against 13.9% in 1QFY19.
  • Net profit for the quarter increased by 28.2% QoQ, while net profit margins increased from 8.2% in 1QFY19 to 10.2% in 2QFY20.

To see how PSP PROJECTS has performed over the last eight quarters,please visit here.

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PSP PROJECTS Share Price Performance

Over the last one year,PSP PROJECTS share price has moved up from Rs 363.4 to Rs 540.0, registering a Gain of Rs 176.6 or around 48.6%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,097.1 (up 1.7%). Over the last one year it has moved up from 1,717.9 to 2,097.1, a gain of 379 points (up 22.1%).

Overall, the S&P BSE SENSEX is up 16.6% over the year.

Current Valuations

At the current price of Rs 540.0, the price to earnings (P/E) ratio of PSP PROJECTS stands at 17.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.4 times.

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PSP PROJECTS Announces Quarterly Results (1QFY21); Net Profit Down 108.7% (Quarterly Result Update)

Aug 10, 2020 | Updated on Aug 10, 2020

For the quarter ended June 2020, PSP PROJECTS has posted a net profit of Rs 22 m (down 108.7% YoY). Sales on the other hand came in at Rs 1 bn (down 65.2% YoY). Read on for a complete analysis of PSP PROJECTS's quarterly results.

PSP PROJECTS Announces Quarterly Results (4QFY20); Net Profit Up 13.7% (Quarterly Result Update)

Jun 12, 2020 | Updated on Jun 12, 2020

For the quarter ended March 2020, PSP PROJECTS has posted a net profit of Rs 343 m (up 13.7% YoY). Sales on the other hand came in at Rs 5 bn (up 34.9% YoY). Read on for a complete analysis of PSP PROJECTS's quarterly results.

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