Q2 2025 PSP Projects Ltd Earnings Call Transcript
Key Points
- PSP Projects Ltd (BOM:540544) was awarded six projects in Q2 FY25 and twelve projects in H1 FY25, indicating strong project acquisition capabilities.
- The company completed seven projects during the quarter, showcasing its ability to execute and deliver projects on time.
- The outstanding order book grew by 34% year-on-year, reaching INR6,446 crores, reflecting a healthy pipeline of future work.
- The company has a diverse project portfolio, including high-rise residential, commercial buildings, and government projects, which can mitigate risks associated with sector-specific downturns.
- PSP Projects Ltd (BOM:540544) is optimistic about revenue improvement from Q3 FY25 onwards, with several projects expected to start contributing to revenue.
- Revenue from operations decreased by 4.8% year-on-year in Q2 FY25, indicating challenges in maintaining growth momentum.
- EBITDA for the quarter fell by 47% year-on-year, highlighting significant pressure on profitability.
- Net profit for the quarter declined by 71.3% year-on-year, reflecting substantial financial strain.
- The company faced higher expenses due to unexpected costs in utility business projects, impacting overall profitability.
- There were delays in project execution due to extended monsoon and pending clearances, affecting revenue recognition and project timelines.
Ladies and gentlemen, good day, and welcome to PSP Projects Limited conference call, hosted by SMIFS Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Lokesh Kashikar from SMIFS Limited. Thank you, and over to you, sir.
Yeah, thank you. Good evening, ladies and gentlemen. On behalf of SMIFS Limited, I'm pleased to welcome you all on the PSP projects Q2 FY25 and H1 FY25 earnings conference call. From the management side, we have Mr. P.S. Patel, Chairman, Managing Director, and CEO; and Ms. Hetal Patel, CFO of the company.
I will now hand over the floor to Mr. Kenan Patel, Company Secretary, for a disclaimer, and then the management will have the opening remarks. This will be followed by interactive Q&A. Thank you, and over to you, sir.
(technical difficulty) anything said on this call will decide the
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