After the company reported the consolidated net profit dropped 29.47% to Rs 35.36 crore in the October-December quarter of FY23 from Rs 50.13 crore in the October-December quarter of FY22, then PSP Projects dropped 4.59% to Rs 681.15. However, revenue from operations stood at Rs 500.15 crore in the October-December quarter of FY23, registering a growth of 3% on a YoY basis.
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Profit before tax stood at Rs 48.25 crore in the October-December quarter of FY23, down 26.8% from Rs 65.91 crore in the October-December quarter of FY22. Total expenses increased 6.9% YoY to Rs 458.34 crore in the third quarter of FY23.
The company offers a diversified range of allied and construction services across institutional, industrial, residential projects, government residential, and government all over the country.
