| Management target | Revenue 25.0% FY27 |
|---|
| Revenue growth | 65% YoY growth reaching 853 Cr in Q1FY27. |
|---|---|
| Margins | EBITDA margin at 6.42%, expected to scale to 7-8%. |
| Order book | Robust 13,245 Cr, up 103% YoY; high Adani concentration. |
| Demand visibility | Strong pipeline with 6,200 Cr in active bids. |
| Management confidence | Balanced, though slightly defensive on temporary margin compression. |
Growth
Revenue hit 853 Cr; execution scaled 65% YoY despite seasonal labor migration challenges.
Outlook
Management maintains FY27 revenue guidance of 4,000-4,500 Cr with 7-8% EBITDA margins.
Risks
High concentration risk with Adani Group (70% of order book, 60% of revenue).
Last quarter's promises, checked
Delivered
- Guided 25% revenue growth for FY26 → delivered 25% (= BEAT)
- Guided highest ever quarterly revenue for Q4FY26 → delivered 1,115 Cr (= BEAT)
- Guided 8% EBITDA margin (adj. for provision) → delivered 8% (= BEAT)
Partly delivered
- Guided 4,500 Cr revenue for FY27 → current Q1 run-rate at 853 Cr (= PARTIAL)
- Guided net debt-free by FY27 → debt remains at 317 Cr (= PARTIAL)
Missed
- Guided 8-8.5% EBITDA margins → delivered 6% for FY26 (= MISS)
- Guided 5-6% PAT margins → delivered 1.74% for FY26 (= MISS)
Earnings Call Transcript filed with NSE, NSE: PSPPROJECT. Summary written with AI assistance from 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.
More from PSP Projects Ltd
All →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.
PSP Projects Investor Presentation: Key Takeaways
PSP Projects reported Q1FY27 revenue of INR 853 Cr, a 65% YoY increase. The order book reached INR 13,245 Cr, driven by major Adani Group and government projects.
- Call
- Guides 25% growth
PSP Projects Investor Presentation: Key Takeaways
PSP Projects reported robust Q1 FY27 growth with revenue rising 65% YoY. Strategic 34.41% stake acquisition by Adani Infra is set to accelerate infrastructure opportunities and governance.
- Call
- Guides 20% growth
PSP Projects Q1 FY27 Results: Net Profit ₹18.3 Cr, Up 4475.0% YoY
PSP Projects Ltd reported revenue from operations of ₹853.5 Cr (+64.8% YoY) and net profit of ₹18.3 Cr (+4475.0% YoY) for Q1 FY27.
- Key figure
- Net profit ₹18.3 Cr · +4475.0% YoY
PSP Projects Earnings Call: Key Takeaways
PSP Projects reports strong Q4FY26 with 66% revenue growth, driven by execution momentum in Adani Group projects. Strategy focuses on utilizing precast technology and reducing debt.
PSP Projects Earnings Call: Key Takeaways
PSP Projects delivered record Q4 revenue but full-year margins were squeezed by project mix and a ₹29cr provisioning hit on a religious project.