PSPPROJECT2023-10-012023-12-31 PSPPROJECT2023-10-012023-12-31 PSPPROJECT2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member PSPPROJECT2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member PSPPROJECT2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member PSPPROJECT2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member PSPPROJECT2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 540544 PSPPROJECT NA PSP Projects Limited Equity 2023-04-01 2024-03-31 2024-02-09 2024-02-01 INR Lakhs Third quarter 11:30:00 12:25:00 2024-02-09 2024-02-09 Not applicable Single segment Construction of buildings 2023-10-01 2023-12-31 Unaudited Consolidated 7047501000.00 64330000.00 7111831000.00 2513032000.00 0.00 -434923000.00 337524000.00 152673000.00 187260000.00 3935825000.00 6691391000.00 420440000.00 0.00 420440000.00 133079000.00 -23305000.00 109774000.00 0.00 310666000.00 0.00 0.00 0.00 166000.00 310832000.00 230000.00 311062000.00 310832000.00 0.00 311062000.00 0.00 360000000.00 10 8.63 8.63 0.00 0.00 8.63 8.63 Sr. No. Note 1 The 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 February 9, 2024. The 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”). 2 The 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. 3 The Code on Social Security, 2020 ('Code') has been notified in the Official Gazette of India on September 29, 2020, which could impact the contributions of the Group towards certain employment benefits. The effective date from which changes are applicable is yet to be notified and the rules are yet to be framed. Impact, if any, of the change will be assessed and accounted in the period of notification of the relevant provisions. 4 As on December 31, 2023, the Holding Company has outstanding assets valued at approximately Rs 141 Crores, from contractual transactions with SDB Diamond Bourse (the Party ). This includes trade receivables of Rs 46 crores, Unbilled Revenue of Rs 53 crores, and retention of Rs 42 crores. The Holding Company has taken legal action by filing a Commercial Civil Case before the Hon’ble District Court in Surat, Gujarat, against the Party. The legal proceedings encompass a range of claims, meticulously outlining the services rendered and work performed for the Party. The total value of the claims presented by the Company exceeds the outstanding assets recorded in the books. The Holding Company is optimistic about recovering the aforementioned amounts from the Party. 5 The standalone financial results of the Holding Company for the quarter and nine months ended December 31, 2023 are available on the Company’s website (URL: www.pspprojects.com) Key Standalone financials information is given below: Rs. In Lakhs Particulars Quarter ended Nine months ended Year ended 31.12.2023 (Unaudited) 30.09.2023 (Unaudited) 31.12.2022 (Unaudited) 31.12.2023 (Unaudited) 31.12.2022 (Unaudited) 31.03.2023 (Audited) Total Income 70,316.12 61,317.98 50,387.31 1,83,160.58 1,21,966.99 1,95,374.47 Profit Before Tax and Exceptional Item 4,397.86 5,296.27 4,815.39 14,636.12 11,739.19 18,014.31 Profit Before Tax and after Exceptional Item 4,397.86 5,296.27 4,815.39 14,636.12 11,739.19 18,014.31 Net Profit 3,251.85 3,940.61 3,529.50 10,864.77 8,670.76 13,301.82 Other Comprehensive Income/(Loss) 2.30 2.30 2.31 6.90 6.91 9.20 Total Comprehensive Income 3,254.15 3,942.91 3,531.81 10,871.67 8,677.67 13,311.02 Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 18380299000.00 181447000.00 18561746000.00 7305706000.00 0.00 -1067711000.00 915010000.00 368034000.00 449312000.00 9144511000.00 17114862000.00 1446884000.00 0.00 1446884000.00 410505000.00 -37396000.00 373109000.00 0.00 1073775000.00 0.00 0.00 0.00 731000.00 1074506000.00 690000.00 1075196000.00 1074506000.00 0.00 1075196000.00 0.00 360000000.00 10 29.85 29.85 0.00 0.00 29.85 29.85 Construction Expenses 3850643000.00 Other Expenses 85182000.00 Construction Expenses 8922396000.00 Other Expenses 222115000.00 230000.00 690000.00 0.00 0.00 0.00 0.00