Q1 2025 PSP Projects Ltd Earnings Call Transcript
Key Points
- PSP Projects Ltd (BOM:540544) reported a 20% year-on-year growth in revenue, reaching INR 612 crores for Q1 FY25.
- The company's outstanding order book stands at INR 5,890 crores, indicating a strong pipeline of future projects.
- EBITDA for the quarter increased by 14% year-on-year to INR 73 crores, with an EBITDA margin of 12%.
- The company received a significant order of INR 229 crores for the construction of Palladium Mall in Surat.
- PSP Projects Ltd (BOM:540544) has a robust bid pipeline of INR 6,000 crores, showing potential for future growth.
- The company's net profit for the quarter decreased by 7% year-on-year to INR 34 crores, with a PAT margin of 5.56%.
- The EBITDA margin, excluding the SDB project, was significantly lower at 3.5%, indicating higher operational costs.
- The UP Medical projects incurred additional expenses of INR 25 crores due to material price escalation and scope changes, impacting overall margins.
- Receivables from the Surat Diamond Bourse project stand at INR 225.37 crores, with a delayed payment timeline extending to October 2025.
- The company faced labor shortages and weather-related disruptions in some projects, affecting project timelines and costs.
Ladies and gentlemen, good day, and welcome to PSP Projects Q1 FY25 earnings conference call hosted by Avendus Spark.
This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict.
(Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Bharanidhar Vijayakumar from Avendus Spark. Thank you, and over to you, sir.
Thanks, Manav. Good evening, everyone. Welcome to the 1Q FY25 earnings call of PSP Projects. From PSP projects, we have Mr. PS Patel, Chairman, MD and CEO; along with Ms. Hetal Patel, Chief Financial Officer. Without further ado, I'm handing it over to the management, Kenan Patel, Company Secretary of PSP Projects to give initial remarks and post which the management by PS Patel
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