News: Standalone revenue during Q1FY24 witnessed a growth of 47.6% YoY to Rs 509.6 crore, driven by strong execution across projects. EBITDA margin stood at 12.7%, up 200 bps QoQ and down 96 bps YoY (base quarter had SDB completion benefits). At PAT level, strong execution translated into ~29% YoY growth in PAT (to Rs 36.7 crore).
Views: PSP’s order book was healthy at Rs 5321 crore (2.5x bill to TTM book). The company has secured orders worth ~Rs 758 crore in Q1FY24 and has guided for Rs 3000+ crore inflows for FY24. The company expects strong execution and has guided for Rs 2600 crore revenue (~35% growth) in FY24 along with strong recovery in margins led by operating leverage.
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