PSP Projects Limited — Interim / Quarterly Report 2020

Aug 9, 2019

® 1 TPSP | Mai

and” PSP Projects Ltd. ISO 9001 : 2015, 14001 : 2015, 45001 : 2018 Certified Company

Ref No: PSPPROIECT/SE/32/19-20

Corporate[Relations] Department BSE Limited Floor 25, PJ. Towers, Dalal Street, Mumbai- 400 001 Scrip[code:] 540544

August 9, 2019

Listing Department

National Stock Exchange of India Limited Exchange Plaza, Bandra[Kurla ] Complex, Bandra (East), Mumbai - 400 051 Scrip Symbol: PSPPROJECT

Dear Sir/Madam,

Subject: Outcome of[Board] meeting[-] Regulation 30,[33] and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.[2015.]

With reference to the captioned subject, we hereby inform that in the board meeting held today i.e. August 9, 2019 at the registered office of the company, besides other matters,[the] following[items ofbusiness ] were[transacted] by[the board:]

1. Approved and took on record the Limitedly Reviewed (Unaudited) Financial Results (Standalone & Consolidated) as per Indian Accounting Standards (Ind AS) for the quarter ended June 30, 2019.

2. Approvedre-appointment of Mr. Prahaladbhai S. Patel as the Chairman, Managing Director[&][CEO] ofthe companyfor further term[of five] years to be[effective][from] july[9,] 2020, subject to[the] approval[of the][members][of the] company[at][the] ensuing[11th][ Annual][General] Meeting[of][ the] company.

3. Approved re-appointment of Mr. Vasishtha P. Patel, Mr. Chirag[N.] Shah and Mr. ~ Sandeep[H.] Shah,[Non-][Executive] IndependentDirectors[of][the] company[for] second term of five consecutive years to be effective[from] September[1,] 2020, subject to[the ] approval[ofthe members ofthe ] companyat[the ] ensuing[11th][ Annual] General Meeting of the company.

4. Approved re-appointment of[M] /s.[K.V] Melwani[8:] Associates, (FRN: 100497) Practising[Cost Accountants,][Ahmedabad] as[the][ Cost][ Auditors ofthe ] company[for] the financialyear 2019-20.

5. Approved re-appointment-of Rohit S. Dudhela, (COP: 7396) Practicing Company .[Secretaries,][Ahmedabad][as][the][Secretarial][Auditor][of][the] company[for][the] 2019-20. '

financialyear

‘PSP House’, Opp. Celesta Courtyard, Opp.[Lane][of] VikramnagarColony,[lSCON][-][ Ambali][Road, Ahmedabad-380][058.] Phone : 079 - 2693 6200, 2693 6300, 2693 6400 | Fax No. : O79 - 2693 6500 | Email : info@pspprojects.com[|] URL : www.pspprojects.com CIN[:] L45201GJ2008PLC054868

PSP Projects Ltd. ISO 9001 : 2015, 14001 : 2015, 45001 : 2018 Certified Company

1. The Eleventh (11th) Annual General Meeting of the members of the company is scheduled to be held on Wednesday,September 18, 2019.

2. The Register of members and Share Transfer books shall remain closed on Wednesday, September 11, 2019 for the purpose of the ensuing Eleventh (11th) Annual General Meeting and payment of final dividend for the Financial Year ended March 31, 2019.

The board meeting commenced at 12:00 PM. and concluded at 1:15 PM.

We are enclosing herewith the Limitedly Reviewed (Unaudited) (Standalone[&] Consolidated) financial results for the quarter ended June 30, 2019 for your information and record.

The same will be made available on the Company’s website: www.psppr0jec§§.com.

Kindly take the above on your record.

Thanking[You,]

For PSP Projects Limited

L %

Mitta ristachary Company Secretary

Encl: As mentioned above.

‘PSP House', Opp. Celesta Courtyard, Opp. Lane[of] VikramnagarColony,[[SCON][-Amba|i ] Road,[Ahmedabad-380][058.] Phone : 079 - 2693 6200, 2693 6300, 2693 6400[|] Fax No.[:] 079 - 2693 6500[|] Email : info@pspprojects.com | URL : www.pspprojects.com CIN[:] L45201GJ2008PLC054868

Riddhi P. Sheth 8: Co.

Kantilal Patel 8! Co. Chartered Accountants

202, "Paritosh", Riverfront, Usmanpura, Ahmedabad — 380 013. Tel: + 91 79 2755 1333

Chartered Accountants 9, Shyam Shivam Bungalows, Nr. Shikar Flats, 100 ft. Ring Road, Satellite, Ahmedabad — 380 051. Tel: + 91 79 2676 3020

Independent Auditor‘s Review Report on Quarterly Unaudited Standalone Financial Results of the Company pursuant to the Regulation 33 of the[SEBI] (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Review Report to The Board of Directors of

PSP Projects Limited

• We have reviewed the accompanying statement of unaudited standalone financial results of PSP Projects Limited (the "Company") for the quarter ended June 30, 2019 (the "Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the ”Regulation”), read with SEBI Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 (the "Circular").

• The preparation of the Statement is in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) ‘Interim Financial Reporting' prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted[in] India, read with the Circular, is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. Our responsibility is to express a conclusion on the Statement based on our review.

• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity’ issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel[and] analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

• Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared[in] accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards (’Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner[in][which][it][is] to be disclosed, or that[it] contains any material misstatement.

• The unaudited standalone financial results of the Company for the corresponding quarter ended June 30, 2018, were reviewed by the predecessorauditor who expressed an unmodified opinion on those financial information on August 09, 2018.

Our conclusion is not modified in respect of the above matter.

For Kantilal Patel 8: Co.

Chartered Accountants

ICAI Firm registration number:104744W

For Riddhi P.Sheth 8: Co.

Chartered Accountants

ICAI Firm registration number:140l9OW

1. (r.

Jinal[A.] Patel

Partner

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Membership [No.:] 153599 at ( (£53233, )
Place [:] Ahmedabad Ahmedabad J
380013 $0)
Date : August 09, 2019 ‘ngkvv'i’EoAcco‘3éNJ
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Riddhi P. Sheth

Proprietor

. PlaceMembership[:] AhmedabadNo.: 159123 ”MED‘B‘DFR": 14019ow . Date[:] August 09, 2019

UDIN: 19153599AAAACX3924

UDIN: 19159123AAAAAL3276

PSP Projects Limited Registered Office : PSP House, Opp. Celesta Courtyard, Iscon-Ambli Road, Ahmedabad - 380 054

CIN :L45201GJ2008PLC054868 Website : www.pspprojects.com

Statement of Unaudited Standalone Financial Results for the period ended June 30, 2019

	naute Standalone Financial Results	for the period	ended June30,	2019
					(Rs. in Lakhs)
Sr.			Standalone
_ Particulars No.			Quarter ended		Yearended
		30.06.2019	31.03.2019	30.06.2018	31.03.2019
		(Reviewed)	(Note5)	(Reviewed)	(Audited)
1	Income
	Revenue from Operations OtherIncome Total Income	30,727.34 518.96 31,246.30	33,825.56 663.17 34,488.73	23,471.90 608.71 24,080.61	1,04,401.25 2,297.84 1,06,699.09
2	Expenses
	CostofMaterials Consumed Changes in inventoriesof Work-in-Progress Construction Expenses Employee Benefits Expense Finance Costs Depreciation and Amortisation Expense OtherExpenses Total Expenses	11,523.18 (36.29) 13,255.96 1,378.73 275.51 588.33 337.75 27,323.17	13,305.19 (597.31) 14,625.30 1,167.07 317.89 742.09 337.52 29,897.75	10,726.21 905.14 7,330.53 999.48 145.63 481.34 211.12 20,799.45	43,071.43 (1,791.48) 42,915.74 4,317.82 916.05 2,422.90 993.29 92,845.75
3	Profit Before Tax (1 - 2)	3,923.13	4,590.98	3,281.16	13,853.34
4	Tax Expenses
	CurrentTax (Excess)/Short provision for currenttax ofearlier years Deferred Tax	1,449.25 —	1,692.66 —	1,161.46 -	5,143.16 —
		(78.59)	(114.67)	11.25	(313.44)
	Total Tax Expenses	1,370.66	1,577.99	1,172.71	4,829.72
5	Profit for the Period(3 -4)	2,552.47	3,012.99	2,108.45	9,023.62
6	Other ComprehensiveIncome (OCI)
	(i) Items that will notbe reclassified to Profit or Loss
	- Remeasurement expenses ofDefined benefitplans (net oftax)	(0'52)	(8'71)	-	(2'10)
	(ii) Items that will be reclassified to Profit or Loss — Net fair value gain on investmentin debt instruments through OCI (net of tax)	_	_	(2553)	_
	Total Other ComprehensiveIncome for the Period	(0.52)	(8.71)	(25.53)	(2.10)
7 8 9 10	Total ComprehensiveIncome for the Period (5+6) Paid—upEquity Share Capital - Face Value Rs 10/— each OtherEquity excluding Revaluation Reserves as at3lst March, 2019 Earnings Per Share ofRs 10/- each (in Rs.) (Not Annualised)	2,551.95 3,600.00 —	3,004.28 3,600.00 —	2,082.92 3,600.00 -	9,021.52 3,600.00 33,538.11
	(Basic) (Diluted)	7.09 7.09	8.37 8.37	5.86 5.86	25.07 25.07

SIGNED FOR lDENTlFlCATlON BY WM “I 3M KANTILAL PATEL & C0.

P5P Projects Limited

Registered Office[:][PSP] House, Opp. Celesta Courtyard,[Iscon-Ambli] Road,[Ahmedabad][-] 380 054 CIN :L45201GJZOO8PLC054868 Website : www.pspprojects.com

Notes:

• The above unaudited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the company[in] their respective meetings[held ] on August 9,[2019.]

• These financial results have been prepared in accordance with Indian Accounting Standards (’Ind AS’) prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and[in] terms of the Regulation 33 of the[SEBI] (Listing Obligation and Disclosures Requirements) Regulations, 2015 (the ”Listing Regulations”), as modified by Circular dated July 5, 2016. These results have been subjected to limited review by the Joint Statutory[Auditors.]

• The Company is primarily engaged in construction / project activities and accordingly this is the only primary reportable segment as per[Ind][AS] 108[—] Operating Segment.

• With effect from April 1, 2019, the Company has adopted Ind AS 116[—] Leases using the modified retrospective approach. The adoption of this standard does not have any material impact on these[financial][results.]

The figures for the quarter ended March 31, 2019 are the balancing figures between the audited figures in respect of full previous financial year and the published year to date figures up to the end[of] the[third] quarter[of] the previous[financial] year.

• Figures relating to previous quarter / year have been regrouped / rearranged, whenever necessary[to][make them][comparable][to current][ period’s figures.]

• In line with the requirementsof Regulation 33 and 52 (4) of Listing Regulations, the results for the quarter ended June 30, 2019 are available on the website of[BSE] Limited (URL: www.bseindia.com) , National[Stock] Exchange of[India][Limited][(URL:] www.nseindia.com) and on company’s website (URL: www.pspproiects.com)

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For and o e If of the SIGNED FOR IDENTIFICATION BY
WK [G-] (1 8In
(Prahaladbhai [S.] Patel) KANTILAL PATEL & CO
Chairman, Managing Director [&] [CEO]
DIN : 00037633
Ahmedabad, Aug 09, 2019
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Riddhi P. Sheth 81 Co.

Chartered Accountants

Kantilal Patel 8: Co. Chartered Accountants

202, "Paritosh", Riverfront, Usmanpura, Ahmedabad[—] 380 013. Tel: + 91 79 2755 1333

9, Shyam Shivam Bungalows, Nr. Shikar Flats, 100 ft. Ring Road, Satellite,

Ahmedabad - 380 051. Tel: + 91 79 2676 3020

Independent[Auditor’s][Review] Report on the Quarterly Unaudited Consolidated and Year to Date Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligationsand[Disclosure] Requirements) Regulations, 2015, as amended

Review Reportto The Board of Directors of

PSP Projects Limited

1. We have reviewed the accompanying statement of unaudited consolidated financial results of PSP Projects[Limited] (the "Parent") and[its] subsidiaries (the Parent and[its] subsidiaries together referred to as the “Group"), and its share of net loss after tax and total comprehensive loss of its joint venture for the quarter ended June[30,][2019] (the "Statement") attached herewith, being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations[and] Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations") read with[SEBI][Circular] No. CIR/CFD/CMDl/44/2019 dated March 29, 2019 (the "Circular"). Attention[is] drawn to the fact that the consolidated figures for the corresponding quarter[ended][June][30,][2018,][and] previous quarter[ended][March][31,][2019,] as reported[in] these unaudited consolidated financial results have been approved by the Parent’s Board of Directors, but have not been subjected to audit or review and presented solely based on the information compiled by the management, since the requirement[of] submission of quarterly consolidated financial results has become mandatory only from April 1, 2019.

2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down[in] Indian Accounting Standard 34, (ind AS 34) ’Interim Financial Reporting' prescribed under[Section][133] of the Companies[Act,] 2013, as amended, and other accounting principles generally accepted[in][India] and[in] compliance[with] Regulation 33 of the Listing Regulations.[Our] responsibility[is] to express a conclusion on the Statement based on our revrew.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements[(SRE)] 2410,['Review][of][ Interim][Financial] Information Performed by the Independent Auditor of the Entity’ issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially[less][in] scope than an audit conducted[in] accordance[with] Standards on Auditing and consequently[does] not[enable] us to[obtain] assurance that we[would] become aware of[all] significant matters that might be identified[in] an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8)[of][ the] Listing Regulations, to the extent applicable.

1. The Statement includes the results of the following entities:

Name of the Entity	Relationship
,Projects 8L Proactive ConstructionsPrivate Limited ProjectsInc. L 8L PSPJoint Venture	Subsidiary Wholly Owned Foreign Subsidia Joint Venture	a:	{3‘ “an	- , $141533?	o 9.

Kantilal Patel 81 Co. Chartered Accountants

Riddhi P. Sheth 8: Co. Chartered Accountants

1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared[in] accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it[is] to be disclosed, or that it contains any material misstatement.

2. We did not review the interim financial results of one subsidiary included in the Statement, whose interim financial resuits reflect total revenues of Rs. 1.08 lakhs and total net loss after tax of Rs. 18.26 lakhs and total comprehensive loss of Rs. 18.26 lakhs, for the quarter ended June 30, 2019, as considered[in] the Statement. The Statement also includes the Group's share of net loss after tax of Rs. 8.31 lakhs and total comprehensive loss of Rs. 8.31 lakhs for the quarter ended June 30, 2019, as considered in the Statement, in respect of one joint venture, whose interim financial results have not been reviewed by us. These Interim financial results have been reviewed by other auditors whose reports have been furnished to us by the management and our conclusion on the Statement,[in] so far as[it] relates to the amounts and disclosures included in respect of the subsidiary and joint venture,[is] based solely on the reports of the other auditors and the procedures performed by us as stated[in] paragraph 3 above.

Our conclusion on the Statement is not modified in respect of the above matters.

1. The consolidated unaudited financial results includes the interim financial results of one subsidiary which have not been reviewed by their auditors, whose interim financial results reflect total revenues of[Rs.] 40.77 lakhs, total net loss after tax of[Rs.] 6.15 lakhs and total comprehensive loss of Rs 6.15 lakhs for the quarter ended June 30, 2019, as considered in the Statement. Accordingto the information and explanations given to us by the Management, these interim financial results are not[material] to the Group.

Our conclusion on the Statement is not modified in respect of the above matters.

For Kantilal Patel 8: Co.

Chartered Accountants

ICAI Firm registration number: 104744W

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Jinai A. Patel
Partner {5 [I-“Paritoshfi]
Membership [No.:] [153599] ' gat (( [(] (River Usmanpuraz‘Fioor [Front)] )‘t
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For Riddhi P.Sheth 8: Co. Chartered Accountants ICAI Firm registration number: 140190W

62- 6%

Riddhi P. Sheth Proprietor Membership[No.:][159123]

Place : Ahmedabad Date : August 09, 2019

Place : Ahmedabad Date : August 09, 2019

UDIN: 19153599AAAACY4803

UDIN: 19159123AAAAAM2419

PSP Projects Limited Registered[Office] : PSP House, Opp. Ceiesta Courtyard, Iscon—AmbliRoad, Ahmedabad - 380 054

CIN :L452016J2008PLC054868Website : www.pspprojects.com

Statementof Unaudited Consolidated FinancialResults for the period ended June 30, 2019

(Rs. in Lakhs)

	Statementof Unaudited Consolidated FinancialResult	s fortheperiod	endedJune 30, 2019	endedJune 30, 2019	(Rs. in Lakhs)
			Consolidated
Sr. No.	Particulars	30.06.2019	Quarter ended 31.03.2019	30.06.2018	Year ended 31.03.2019
		(Reviewed)	(Note 3 & 5)	(Note 3)	(Audited)
1	Income
	Revenue from Operations Other Income Total Income	30,768.27 464.23 31,232.50	33,855.90 614.36 34,470.26	23,822.04 583.11 24,405.15	1,05,040.66 2,283.92 1,07,324.58
2	Expenses
	Cost of Materials Consumed Changes in Inventories ofWork-in—Progress Construction Expenses Employee Benefits Expense Finance Costs	11,522.29 (36.29) 13,257.25 1,379.84 286.28	13,299.61 (597.31) 14,638.93 1,167.99 327.83	10,963.75 905.14 7,397.02 1,000.32 160.23	43,369.90 (1,791.48) 43,272.51 4,321.26 967.39
	Depreciation and Amortisation Expense Other Expenses Total Expenses	588.43 341.87 27,339.67	743.52 338.71 29,919.28	484.22 213.96 21,124.64	2,430.17 1,012.33 93,582.08
3	Proft Before Tax(1 - 2)	3,892.83	4,550.98	3,280.51	13,742.50
4	Tax Expenses
	CurrentTax (Excess)/Shortprovision for current tax of earlier years DeferredTax	1,449.25 - (84.48)	1,692.66 - (123.85)	1,161.46 - 12.20	5,143.15 (313.44) (8.22)
	TotalTax Expenses	1,364.77	1,568.81	1,173.66	4,821.49
5	Proft forthePeriod(3 — 4)	2,528.06	2,982.17	2,106.85	8,921.01
6	Other Comprehensive Income (OCI)
	(i) ItemsthatwiIlnot be reclassified to Profit or Loss
	- Remeasurement expenses of Defined benefit plans (net oftax) (ii) itemsthatwill be reclassified to Profit or Loss	(0.52)	(8.71)	-	(2.10)
	— Net fair value gain on investment in debtinstruments through OCI (net oftax)	_	_	(25.53)	_
	- Exchangedifference arisingon translation offoreign subsidiary (net of tax)	0.32	(0,51)	(0.58)	(2.13)
	Total Other Comprehensive Income forthe Period	(0.20)	(9.22)	(26.11)	(4.23)
7	Total Comprehensive Income forthePeriod (5 + 6)	2,527.86	2,972.95	2,080.75	8,916.78
	Proft for the yearattributableto:
	—Owners of the company	2,532.81	2,989.60	2,106.75	8,943.20
	— Non—controlling Interest	(4.75)	(7.43)	0.10	(22.19)
	Other comprehensive income fortheyearattributableto:
	—Owners ofthecompany	(0.20)	(9.22)	(26.11)	(4.23)
	— Non-controiling Interest	-	-	-	-
	Total comprehensive income fortheyearattributableto:
	-Owners of the company	2,532.61	2,980.37	2,080.65	8,938.97
	— Non-controlling Interest	(4.75)	(7.43)	0.10	(22.19)
8 9 10	Paid-upEquity Share Capital — Face ValueRs 10/- each Other Equity excluding Revaluation Reserves as at 315t March. 2019 EarningsPer Share of Rs10/- each (in Rs.) (Not Annualised)	3,600.00 -	3,600.00 -	3,600.00 -	3,600.00 33,330.71
	(Basic)	7.04	8.30	5.85	24.84
	(Diluted)	7.04	8.30	5.85	24.84

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SIGNED FOR iDENTlFlCATION BY
I A
W. 0(8),.
KANTILAL PATEL & CO.
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PSP Projects Limited Registered[Office][:][PSP] House, Opp. Celesta Courtyard, Iscon-Ambli Road, Ahmedabad - 380 054 CIN :L45201G12008PLC054868 Website : www.pspprojects.com

Notes:

• The above unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the company in their respective meetings held on August 9, 2019.

• These financial results have been prepared in accordance with Indian AccountingStandards ('lnd AS’) prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and in terms of the Regulation 33 of the SEBI (Listing Obligation and Disclosures Requirements) Regulations, 2015 (the ”Listing Regulations”), as modified by Circular dated July 5, 2016.

• The consolidated financial results for the quarter ended June 30, 2018 and March 31, 2019 were not subjected to 'limited review' by the Joint Statutory Auditors of the company and are prepared by the management.

The Company is primarilyengaged in construction / project activities and accordinglythis is the only primary reportable segment as per Ind AS 108[—] Operating Segment.

• The figures for the quarter ended March 31, 2019 are the balancing figures between the audited figures in respect of full previous financial year and year to date unaudited figures up to[the][ third] quarter[of] the previous[financial] year.

• With effect from April 1, 2019, the Group has adopted Ind AS 116 — Leases using the modified retrospective approach. The adoption of this standard does not have any material impact on these financial results.

• The Company reports consolidated financial results on quarterly basis as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, The specified items of the standalone financial results of the Company for the quarterJune 30,[2019 ] are given below:

quarterJune 30, 2019are given below:
				(Rs. in Lakhs)
		Standalone
Particulars		Quarter ended		Yearended
	30.06.2019	31.03.2019	30.06.2018	31.03.2019
	(Reviewed)	(Note5)	(Reviewed)	(Audited)
Revenue from continuing operations	30,727.34	33,825.56	23,471.90	1,04,401.25
Profit before tax from continuing operations	3,923.13	4,590.98	3,281.16	13,853.34
Net profit after tax from continuing operations	2,552.47	3,012.99	2,108.45	9,023.62
Net profit after tax from discontinued operations	—	-	-	—
Other Comprehensive income/(Loss) (net oftax)	(0.52)	(8.71)	(25.53)	(2.10)
Total Comprehensive Incomeaftertax	2,551.95	3,004.28	2,082.92	9,021.52

1. Figures relating to previous quarter / year have been regrouped / rearranged, whenever necessary[to][make them] comparable to current period’s figures.

SIGNED FOR lDENTlFICATlON BY

.

‘1 g /m. Wflé KANTlLAL PATEL & CO.

PSP Projects Limited Registered[Office][:] PSP House, Opp. Celesta Courtyard, Iscon-AmbliRoad, Ahmedabad - 380 054 cm :L45201G12008PLC054868 Website : www.pspprojects.com

In line with the requirements of Regulation 33 and 52 (4) of Listing Regulations, the results

for the quarter ended June 30, 2019 are available on the website of BSE Limited (URL: www.bseindia.com) , National Stock Exchange of India Limited (URL: www.nseindia.com) and on company’s website (URL: wwwgsggroiectscom)

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For and o e [alf ] of the Boa
Chairman, Managing [Director]
DIN : 00037633
Ahmedabad, Aug 09, 2019
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KANTlLAL PATEL & CO.
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