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Earnings Call

PSP Projects Earnings Call: Key Takeaways

PSP Projects reported its highest-ever quarterly revenue in Q4FY26, driven by strong execution. A strategic partnership with Adani Infra (34.41% stake) positions the company for significant order inflows.

Why this was an Alfa AlertNot a filter event. While revenue and order inflows were strong, management noted they were 'beyond given guidance' without specifying a range to verify a >5% beat.
Highlights
Revenue growthFY26 grew 25% YoY; Q4 grew 66% YoY.
MarginsEBITDA margin at 6%; PAT margin at 1.7% for FY26.
Order book₹13,447 crore as of March 31, 2026.
Demand visibilityStrong, bolstered by Adani Group's infrastructure development plans.
Management confidenceHigh, citing strong close to FY26 and Adani partnership.

Growth

FY26 revenue grew 25% YoY to ₹3,149cr. Q4FY26 revenue surged 66% YoY. Order book grew 85% to ₹13,447cr.

Outlook

Order inflows of ₹10,925cr exceeded guidance. Management focused on Adani Group's $100B capex pipeline and precast capacity expansion.

Risks

PAT margins declined from 2.2% to 1.7% in FY26. EBITDA margins also compressed to 6.0%.

Source

Earnings Call filed with BSE, NSE: PSPPROJECT. Summary written with AI assistance from the document.

Read the document ↗

PSP Projects Ltd: key numbers

Share price
₹806.65
Market cap
₹3,198 Cr
Revenue (annual)
₹3,149 Cr
Net profit (annual)
₹55.52 Cr
P/E (TTM)
43.5×Sector 33.0×
Promoter holding
68.82%+0.00% QoQ
FII holding
2.10%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Management Change

PSP Projects Management Change

PSP Projects disclosed the cessation of Mr. Shashikant Sharma as General Manager - MEP. His resignation as Senior Management Personnel took effect from 15 September 2026.