PSP Projects Q3 PAT seen up 41.4% YoY to Rs. 21 cr: HDFC Securities

Q2. Over 80,000 mobile phones and other small electronic devices have already been donated directly to the Tokyo Metropolitan Government (TMG) building alone, with the organizations involved hoping it will make the nation feel like active participants in the Games. This effort is just one small part of TMG’s own challenge to become a more sustainable city for Tokyo 2020 and beyond. What will TMG do with the mobile phones? (Image: Reuters)

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HDFC Securities has come out with its third quarter (October-December’ 18) earnings estimates for the Construction & infra sector. The brokerage house expects PSP Projects to report net profit at Rs. 21 crore up 41.4% year-on-year (up 22.2% quarter-on-quarter).

Net Sales are expected to increase by 53.5 percent Y-o-Y (up 24.9 percent Q-o-Q) to Rs. 262 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 32.3 percent Y-o-Y (up 19.3 percent Q-o-Q) to Rs. 35 crore.

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