Realty stock jumps 2 percent in the day’s trade after it emerges as the lowest bidder for Development of Dharoi Dam region as a World Class Sustainable Tourist/Pilgrimage Destination for Rs. 357.08 Crores.
At 3:25 p.m the shares of PSP Projects Limited were trading at Rs. 782.85 with no change from its previous day close price and its market capitalization is Rs. 2,801 Crores.
As per the company’s filing PSP Projects Limited has secured orders for a bid of Rs. 357.08 Crores for the Development of Dharoi Dam region as a World Class Sustainable Tourist/Pilgrimage Destination, for Water Supply & Kalpsar Department, Gujarat at Dharoi.
Its revenue grew 10.85 percent from Rs. 1,748.06Crores in FY22 to Rs. 1,937.81 Crores in FY23, accompanied by decreasing profits of Rs.166.65 Crores to Rs. 131.94 Crores.
It has reported a return on equity (ROE) of 18.1 percent and a return on capital employed (ROCE) of 24.83 percent, it is making good returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold 66.22 percent stake, the Domestic Institutional Investors hold 5.36 percent and the Foreign Institutional Investors (FII) hold 4.23 percent.
PSP Projects operates in the domain of Realty and it offers a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India.
Written by: Bharath K.S
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