| Revenue growth | Q2 +58% YoY; H1 +61%; record quarter and half-year revenue |
|---|---|
| Margins | Q2 EBITDA margin 6.21% vs 7.10% YoY; H1 6.30% |
| Order book | ₹12,872 Cr; mgmt claims 30% YoY; below FY26 ₹13,447 Cr |
| Demand visibility | H1 order inflow ₹1,305 Cr; bid pipeline ₹7,800+ Cr |
| Management confidence | Chairman stresses record revenue and multi-year visibility |
Growth
Q2 revenue +58% YoY, +30% QoQ; H1 revenue +61%. Q2 EBITDA +38%, Q2 PAT +87%; H1 PAT +193%.
Outlook
No explicit numeric guidance. Bid pipeline ₹7,800+ Cr; precast capacity addition underway; Adani Infra holds 34.41%.
Risks
Q2 EBITDA margin down ~89bps YoY; order book below FY26's ₹13,447 Cr; other financial assets jumped to ₹806 Cr.
Last quarter's promises, checked
Delivered
- Guided FY27 revenue growth >25% avg (₹4,400–4,500 Cr) → H1 revenue +61% YoY (= BEAT)
Partly delivered
- Guided capex 3–4% of revenue → precast capacity addition underway; Q2 capex % not disclosed (= PARTIAL)
Missed
- Guided EBITDA margin 7–8% from H2 → Q2 6.21% (H1 6.30%) (= MISS)
- Guided FY27 order inflow ₹4,000–5,000 Cr → H1 inflow ₹1,305 Cr (= MISS)
- Guided order book ₹13,245 Cr (Q1) → ₹12,872 Cr, below FY26 ₹13,447 Cr (= MISS)
Investor Presentation filed with NSE, NSE: PSPPROJECT. Summary written with AI assistance from the document.
PSP Projects Ltd: key numbers
- Share price
- ₹691.55
- Market cap
- ₹2,741 Cr
- Revenue (annual)
- ₹3,149 Cr
- Net profit (annual)
- ₹55.52 Cr
- P/E (TTM)
- 37.3×Sector 32.2×
- 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 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.
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