PSP Projects Limited — Board Meeting, 23-05-2025: Outcome of Board Meeting

PSP Projects has announced a board meeting outcome approving the audited consolidated and standalone financial results for the quarter and year ended March 31, 2025, with clean audit opinions. Consolidated revenue was Rs 2,512 Cr, while net profit dropped sharply to Rs 56.4 Cr from Rs 123 Cr last year, dragged down by invoked bank guarantees on a UP project and a Rs 1.87 Cr provision on retention receivables. Operating costs edged up, along with moderate rises in finance costs and depreciation. The board re-appointed Manubhai & Shah LLP as internal auditors for FY26. No dividend or fundraise plans were shared.