ALFA Finder| 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
- ₹813.00
- Market cap
- ₹3,223 Cr
- Revenue (annual)
- ₹3,149 Cr
- Net profit (annual)
- ₹55.52 Cr
- P/E (TTM)
- 36.8×Sector 33.5×
- Promoter holding
- 68.82%+0.00% QoQ
- FII holding
- 2.29%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 Earnings Call Transcript: Key Takeaways
Revenue rose 58% and PAT 87%, but EBITDA margin fell to 6.2% from 7.1%. Management hedged on margins, and unbilled revenue rose to ₹632 Cr on delayed government certification.
- Call
- Guides 25% growth
PSP Projects Investor Presentation: Key Takeaways
Q2FY27 revenue ₹1,113 Cr (+58% YoY), PAT ₹30 Cr (+87%), EBITDA margin 6.21% (vs 7.10%). Record revenue; order book ₹12,872 Cr; precast capacity expansion underway.
PSP Projects Other Announcement
PSP Projects approved shifting its registered office within Ahmedabad, Gujarat. The move is administrative with no financial or operational impact.
PSP Projects Q2 FY27 Results: Net Profit ₹30.2 Cr, Up 86.4% YoY
PSP Projects Ltd reported revenue from operations of ₹1,113 Cr (+58.4% YoY) and net profit of ₹30.2 Cr (+86.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹30.2 Cr · +86.4% YoY
PSP Projects Board Meeting Date
PSP Projects scheduled its board meeting for November 2, 2026, to approve Q1 and H1 FY27 results. Trading window is closed from October 1, 2026.
PSP Projects Other Announcement
PSP Projects Limited filed its quarterly shareholding pattern for the period ended September 30, 2026, as per SEBI regulations. This disclosure details the company's equity ownership structure.