Integrated Filing — IndAS

General information about company
Scrip Code	540544
NSE Symbol	PSPPROJECT
MSEI Symbol	NA
ISIN	INE488V01015
Name of company	PSP PROJECTS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	23-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	16-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Construction of buildings
Start date and time of board meeting	23-May-2025   11:30:00
End date and time of board meeting	23-May-2025   14:30:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	6728873000	25121257000
	Other income	51826000	173192000
	Total income	6780699000	25294449000
2	Expenses
(a)	Cost of materials consumed	2067930000	7859647000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	105531000	322422000
(d)	Employee benefit expense	230638000	1195055000
(e)	Finance costs	102350000	442239000
(f)	Depreciation, depletion and amortisation expense	192484000	726514000
(f)	Other Expenses
1	Construction Expenses	3829029000	13530346000
2	Other Expenses	172246000	419495000
	Total other expenses	4001275000	13949841000
	Total expenses	6700208000	24495718000
3	Total profit before exceptional items and tax	80491000	798731000
4	Exceptional items	0	0
5	Total profit before tax	80491000	798731000
6	Tax expense
7	Current tax	57445000	299727000
8	Deferred tax	-41642000	-80600000
9	Total tax expenses	15803000	219127000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	64688000	579604000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	-56000	-15424000
16	Total profit (loss) for period	64632000	564180000
17	Other comprehensive income net of taxes	-1523000	-2238000
18	Total Comprehensive Income for the period	63109000	561942000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	64632400	564180400
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	-1523000	-2238000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
21	Details of equity share capital
	Paid-up equity share capital	396418000	396418000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		11692985000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.64	14.32
	Diluted earnings (loss) per share from continuing operations	1.64	14.32
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	1.64	14.32
	Diluted earnings (loss) per share from continuing and discontinued operations	1.64	14.32
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Sr. No.tNote n1tThe above consolidated financial results of the Holding Company have been reviewed by the Audit Committee and approved by the Board of Directors of the Holding Company in their respective meetings held on May 23, 2025. nThe consolidated financial results are prepared in accordance with the Indian Accounting Standards (“Ind AS”), as applicable and guidelines issued by the Securities and Exchange Board of India (“SEBI”). The Ind AS are prescribed under section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, and the Companies (Indian Accounting Standards) (Amendment) Rules, 2016. The said financial results represent the results of PSP Projects Limited (“the Holding Company”), its subsidiaries (together referred to as “the Group” and its share in results of joint ventures which have been prepared in accordance with Ind-AS 110 – “Consolidated Financial Statement” and Ind AS 28 – “Investment in Associates and Joint Ventures”). The financial results includes results of the following: nWholly Owned Subsidiary: n•tPSP Projects and Proactive Constructions Private Limited nJoint Venture: n•tGDCL and PSP Joint Venture (having 49% proportion of ownership interest) n2tThe Group is primarily engaged in one business segment viz. construction/project activities, as determined by the chief decision maker in accordance with Ind AS 108, Operating Segments. Further, the operations of the Group is predominately domiciled in India and therefore there are no reportable geographical segment. n3tDuring the quarter and year ended 31st March 2025, in relation to the project “Construction of Residential Building of PAC Mahila Battalion, Badaun, Uttar Pradesh,” the client invoked Mobilization Bank Guarantees aggregating Rs.24.60 crores and Performance Bank Guarantees amounting to Rs.8.02 crores. The amount pertaining to the Performance Bank Guarantee has been expensed to the Statement of Profit and Loss. Further, considering the uncertainty of recovery, the Holding Company has made provision of Rs.1.87 crores against the retention receivable from the said project. n4tThe figures for the current quarter ended March 31, 2025 and quarter ended March 31, 2024 are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2025 and March 31, 2024, respectively and published year to date figures up to third quarter ended December 31, 2024 and December 31, 2023, respectively which were subjected to limited review. n5tThe standalone financial results of the Holding Company for the quarter and year ended March 31, 2025 are available on the Company’s website (URL: www.pspprojects.com) nKey Standalone financials information is given below: nRs. In Lakhs nParticularst Quarter endedtYear ended nt 31.03.2025 n(Unaudited) nRefer Note 4t 31.12.2024 n(Unaudited)t31.03.2024 n(Unaudited) nRefer Note 4t 31.03.2025 n(Audited)t31.03.2024 n(Audited) nTotal Incomet 66,019.59 t 62,698.63 t 65,515.70 t 2,48,549.66 t 2,48,676.28 nProfit Before Tax and Exceptional Itemt 606.38 t 1,016.02 t 2,385.08 t 7,842.22 t 17,021.20 nProfit Before Tax and after Exceptional Itemt 606.38 t 1,016.02 t 2,385.08 t 7,842.22 t 17,021.20 nNet Profitt 495.14 t 607.68 t 1,525.14 t 5,645.62 t 12,389.91 nOther Comprehensive Income/(Loss)t (15.23)t (2.38)t (16.43)t (22.38)t (9.53) nTotal Comprehensive Incomet 479.91 t 605.30 t 1,508.71 t 5,623.24 t 12,380.38 n n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	3059609000
	Capital work-in-progress	27671000
	Investment property	0
	Goodwill	0
	Other intangible assets	13664000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	6668000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	2251740000
	Total non-current financial assets	2258408000
	Deferred tax assets (net)	274466000
	Other non-current assets	103459000
	Total non-current assets	5737277000
2	Current assets
	Inventories	3239401000
	Current financial asset
	Current investments	0
	Trade receivables, current	5298329000
	Cash and cash equivalents	797230000
	Bank balance other than cash and cash equivalents	1281173000
	Loans, current	6847000
	Other current financial assets	5717373000
	Total current financial assets	13100952000
	Current tax assets (net)	244017000
	Other current assets	1209010000
	Total current assets	17793380000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	23530657000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	396418000
	Other equity	11692985000
	Total equity attributable to owners of parent	12089403000
	Non controlling interest
	Total equity	12089403000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	184178000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	0
	Total non-current financial liabilities	184178000
	Provisions, non-current	28875000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	213053000
	Current liabilities
	Current financial liabilities
	Borrowings, current	2531123000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	199654000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	3979414000
	Total Trade payable	4179068000
	Other current financial liabilities	314100000
	Total current financial liabilities	7024291000
	Other current liabilities	4161295000
	Provisions, current	42615000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	11228201000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	11441254000
	Total equity and liabilites	23530657000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement (expenses)/income of Defined benefit plans (net of tax)	-1523000	-2238000
	Total Amount of items that will not be reclassified to profit and loss	-1523000	-2238000
2	Income tax relating to items that will not be reclassified to profit or loss	0	0
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-1523000	-2238000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			798731000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			335373000
	Adjustments for decrease (increase) in inventories			-61090000
	Adjustments for decrease (increase) in trade receivables, current			-2011523000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-51379000
	Adjustments for decrease (increase) in other non-current assets			-1520000
	Adjustments for other financial assets, non-current			-274010000
	Adjustments for other financial assets, current			-605882000
	Adjustments for other bank balances			640000
	Adjustments for increase (decrease) in trade payables, current			105943000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			1995708000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			726514000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			11200000
	Adjustments for provisions, non-current			-759000
	Adjustments for other financial liabilities, current			105590000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			316000
	Adjustments for interest income			169406000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			169301000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			-15423000
	Total adjustments for reconcile profit (loss)			258961000
	Net cash flows from (used in) operations			1057692000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			530591000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			527101000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			7052000
	Purchase of property, plant and equipment			679629000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			564698000
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			10626000
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			316000
	Interest received			169406000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-1056927000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			2378758000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			111008000
	Repayments of borrowings			1946608000
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			347120000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			196038000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-333788000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-333788000
	Cash and cash equivalents cash flow statement at beginning of period			1131018000
	Cash and cash equivalents cash flow statement at end of period			797230000