PSP Projects reports good set of numbers for Q2FY19

PSP Projects reports its second-quarter number for FY19 on Monday during market hours. 

The company’s standalone revenue for the quarter came in at Rs. 209.9 crore, registering 50.4 per cent yoy increase. 

EBITDA for the quarter rose by 57.6 per cent yoy to Rs. 29.4 crore with a corresponding margin expansion of 64 bps. EBITDA margin for the quarter stood at 14 per cent. 

The PAT for the quarter came in at Rs. 17.6 crore, yoy increase of 38.7 per cent. 

Meanwhile, the stock of PSP Projects opened at Rs. 389 apiece surge after this good set of numbers to intraday high of Rs. 399.05. But later it cooled down and at 14.11 hours, the stock was trading at Rs. 385.20 apiece, marginally up by 0.9 per cent from its previous close