PSP Projects Q1FY27 Earnings Call Transcript Released; Order Book at ₹13,245 Cr
PSP Projects reported Q1FY27 revenue of ₹853 Cr, up 65% YoY, with EBITDA at ₹55 Cr (up 121%) and net profit at ₹18 Cr. The order book stands at ₹13,245 Cr, a 103% YoY increase. FY27 revenue guidance is ₹4,500 Cr with over 25% annual growth. EBITDA margins are projected to reach 7-8% from H2FY27.
The substantial year-on-year growth in key financial metrics, a robust order book, and positive future guidance indicate a significant positive impact on the company's performance and investor outlook.
The company reported strong year-on-year growth in revenue, EBITDA, and net profit. The order book has significantly increased, and management has reaffirmed positive revenue and margin guidance for FY27.
PSP Projects Limited has released the transcript of its Q1FY27 Earnings Conference Call, held on July 30, 2026. The company reported a strong year-on-year revenue growth of 65% in Q1FY27, reaching ₹853 crores. The EBITDA saw a significant increase of 121% to ₹55 crores, with margins improving to 6.42% from 4.79% in the previous year. Net profit surged by almost 50 times to ₹18 crores, with net profit margins expanding to 2.12%. The company's outstanding order book stood at ₹13,245 crores as of June 30, 2026, reflecting a robust 103% year-on-year growth and providing strong multi-year revenue visibility. Approximately 70% of the order book comprises within-group projects, while external projects contribute the remaining 30%.
During the quarter, PSP Projects completed six projects and secured new order inflows of ₹630 crores, with 93% originating from the Adani Group. The order book is diversified across industrial (39%), residential (37%), government (23%), and institutional (1%) projects. Key projects include the Shree Ambaji Mata Temple (₹962 crores) and SMC High-Rise Building (₹693 crores).
Management reaffirmed the revenue guidance for FY27 at ₹4,500 crores, with an expected revenue growth of over 25% annually going forward. The company anticipates EBITDA margins to reach 7-8% from the second half of FY27 onwards. Employee costs, which were higher in Q1FY27 due to annual increments and increased headcount, are expected to normalize. Capex incurred in Q1FY27 was ₹28 crores, with ongoing investments expected to be around 3-4% of revenue.
The company also provided updates on specific projects, including ongoing work at Ambaji Mata Temple and Ahmedabad Airport. Discussions around the Commonwealth project in Ahmedabad are ongoing, with potential tender announcements expected in the next quarter. Progress was also noted on the UP medical project collections, with EOTs nearing signing and expected closure by mid-September.
The company highlighted its focus on strengthening organizational capabilities, including leadership and project management bandwidth, to manage its growing project portfolio effectively. A workforce of over 16,000 laborers was deployed across project sites during the quarter.
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PSP Projects Limited filed this with the NSE as a statutory disclosure, categorised under concall scheduled. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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