PSP Projects Limited has informed the Exchange regarding Board meeting held on July 30, 2025.
PSPPROJECT · price
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Awaiting price reaction for this filing.
PSP Projects' board approved the unaudited Q1 FY26 results (quarter ended June 30, 2025) on July 30, 2025. Standalone revenue from operations fell to ₹51,275.93 lakhs from ₹61,189.20 lakhs a year ago, a YoY decline of about 16%. Profit before tax collapsed to just ₹41.14 lakhs (vs ₹4,729.70 lakhs in Q1 FY25), with net profit at ₹18.93 lakhs versus ₹3,428.02 lakhs last year — a near 99% drop. EPS for the quarter was ₹0.05 compared to ₹8.70 a year ago. The 17th AGM was scheduled for September 27, 2025 via video conferencing. The board also re-appointed K V M & Co. as Cost Auditors for FY25-26 and appointed Chirag Shah and Associates as Secretarial Auditor for five years (FY25-26 to FY29-30).
Sharply weaker Q1 numbers — both revenue and profits fell steeply year-on-year, which is likely to weigh on the stock in the short term as investors digest the steep margin compression. The auditor appointments are routine governance items with no direct impact on shareholders.