Q4 2025 PSP Projects Ltd Earnings Call Transcript
Key Points
- PSP Projects Ltd (BOM:540544) closed FY25 with the highest-ever outstanding order book of INR7,266 crore, marking a year-on-year growth of 20%.
- The company completed 235 projects since inception, with a significant portion being private projects.
- PSP Projects Ltd has a strong focus on execution and aims to deliver high-quality outcomes and ensure timely completion across all projects in FY26.
- The company expects a healthy order inflow in FY26, with a target range of INR4,000 crore to INR5,000 crore.
- PSP Projects Ltd has a strategic partnership with Adani Group, which is expected to contribute significantly to future order inflows, with 80% to 90% of new orders anticipated to come from Adani Group.
- The company experienced muted revenue growth in FY25, with revenue from operations remaining almost similar to FY24 at INR2,468 crore.
- EBITDA for the quarter decreased by 45% on a YoY basis, with margins dropping to 4.65% from 7.98%.
- PSP Projects Ltd faced delays in project execution due to issues such as land acquisition and client clearances, impacting revenue.
- The company incurred additional expenses of INR62 crore related to new projects, affecting profitability.
- Working capital days increased significantly to 65 days in FY25, driven by higher receivables and inventory levels.
Ladies and gentlemen, good day and welcome to the PSP Projects Limited Q4 FY25 and FY25 post-results conference call hosted by SMIFS Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Lokesh Kashikar. Thank you, and over to you, sir.
Yes. Thank you. Good afternoon, ladies and gentlemen --
Sir, sorry to interrupt. But the line for the management has been disconnected. Ladies and gentlemen, please hold while we connect them again. (technical difficulty)
Ladies and gentlemen, thank you for holding. We have the management back with us. Mr. Lokesh, you can go ahead now.
Yes. Thank you. Good afternoon, ladies and gentlemen. On behalf of SMIFS Limited, I am pleased to welcome you all on the PSP Projects Q4 FY25 and FY25 earnings conference call.
From the management side, we have Mr. P.S. Patel, Chairman
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