News: PSP Projects has emerged as the lowest bidder for a project worth ₹296 crore in Ahmedabad. With receipt of above, the total value of projects for which it stands as Lowest Bidder amounts to ₹ 1063.9 Crore for FY24. Furthermore, the total order inflow for FY24YTD stand at ₹1,060.3 crore.
Views: PSP’s order book was at ₹ 4898 crore (2.1x bill to TTM book) as of Q2 end. The company has guided for ₹ 3000+ crore inflows for FY24. The company expects strong execution and has guided for ₹ 2600 crore revenue (~35% growth) in FY24 along with strong recovery in margins led by operating leverage.
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