PSP Projects win an order worth Rs. 93 crore

Today, PSP Projects informed the bourses that it has secured a major work order for Civil Construction of Nestle India Plant at Sanand, Ahmedabad, Gujarat worth Rs. 99.72 crores.

Post this order win, the company's order inflow during the ongoing fiscal year stood at Rs. 1,153 crores on a standalone basis about Rs. 2,000 crores. As of September 2019 ended quarter, the company's order book of ~ 3,190.9 crores, which gives good revenue visibility for the next 3 years. 

PSP's net sales for surged nearly 47 per cent YoY to Rs. 312.1 crores while Profit after tax jumped nearly 88 per cent YoY to Rs. 32.46 crores. PAT margin improved to 10.4 per cent.

The stock of PSP Protects in today's trading session was trading high on the bourses. The stock opened at Rs. 484 apiece went up by nearly 7.4 per cent to touch an intra-day high of Rs. 510 apiece. The stock settled for the day at Rs. 494 apiece, up by almost 4.1 per cent from the previous close.