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PSP Project shines on reporting 30% rise in Q4 net profit

PSP Projects is currently trading at Rs. 514.15, up by 11.90 points or 2.37% from its previous closing of Rs. 502.25 on the BSE.

The scrip opened at Rs. 508.80 and has touched a high and low of Rs. 516.95 and Rs. 507.15 respectively. So far 2131 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 529.70 on 28-May-2018 and a 52 week low of Rs. 358.70 on 31-Oct-2018.

Last one week high and low of the scrip stood at Rs. 525.50 and Rs. 441.10 respectively. The current market cap of the company is Rs. 1842.12 crore.

The promoters holding in the company stood at 73.28%, while Institutions and Non-Institutions held 7.59% and 19.12% respectively.

PSP Project has reported a rise of 31.23% in its net profit at Rs 30.13 crore for the quarter ended March 31, 2019 as compared to Rs 22.96 crore for the same quarter in the previous year. Total income of the company increased by 27.96% at Rs 344.89 crore for quarter under review as compared to Rs 269.53 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the company has posted a rise of 40.19% in its net profit at Rs 90.24 crore as compared to Rs 64.37 crore for the previous year. Total income of company increased 42.59% at Rs 1,066.99 crore for year under review as compared to Rs 748.31 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 35.17% in its net profit at Rs 89.21 crore as compared to Rs 66.00 crore for the previous year. Total income of company increased by 39.43% at Rs 1,073.45 crore for year under review as compared to Rs 770.37 crore for year ended March 31, 2018.

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