Dolat Capital: Order Inflows, Pick Up In Execution Remains Key Overhang For PSP Projects

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.PSP Projects Ltd. reported results below estimates on all fronts. The company posted 65.2%/ 97.0% YoY de-growth in revenue/ Ebitda to Rs 1.1 billion/ Rs 13 million in Q1 FY21.PSP Projects reported loss of Rs 22 million versus profit of Rs 255 million (Q1 FY20). secondary business district revenue - Rs 456 million versus Rs 936 million (Q1 FY20).The Company refrain from providing any guidance. Given its conservative strategy towards leverage and an efficient capital allocation, PSP Projects will continue to remain a net cash company, with negative net debt to equity of 0.4 times over FY20-22E.PSP will continue to witness superior return ratios (average return on equity /return on capital employed of 21.8%/ 22.1% over FY20-22E), due to a strong profit after tax growth in FY22E, well-managed lean balance sheet and efficient working capital management..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Dolat Capital: Order Inflows, Pick Up In Execution Remains Key Overhang For PSP Projects

Dolat Capital: Order Inflows, Pick Up In Execution Remains Key Overhang For PSP Projects

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