PSP Projects Ltd (NSE:PSPPROJECT)
₹ 962.95 -11 (-1.13%) Market Cap: 38.14 Bil Enterprise Value: 37.28 Bil PE Ratio: 51.95 PB Ratio: 3.02 GF Score: 83/100

Q3 2026 PSP Projects Ltd Earnings Call Transcript

Jan 30, 2026 / 10:30 AM GMT
Release Date Price: ₹750.1 (-1.35%)

Key Points

Positve
  • PSP Projects Ltd (BOM:540544) reported its best-ever quarterly revenue of INR 771 crore, marking a 24% year-on-year growth.
  • The company's outstanding order book stands at INR 9,178 crore, reflecting a 43% year-on-year growth.
  • The company has successfully completed five major projects during the quarter, including significant developments like the Beakerport Complex and Ahmedabad Airport terminals.
  • PSP Projects Ltd (BOM:540544) has emerged as the lowest bidder for the Ahmedabad Amblati Corridor Development Project, valued at INR 965 crore.
  • The company has a strong bid book of INR 6,600 crore, with a significant portion expected to convert into orders soon.
Negative
  • The company's EBITDA margin was impacted by increased employee benefit expenses due to the new labor code, reducing it by approximately 1%.
  • There was a decline in gross margin on a quarter-on-quarter basis, attributed to the initial stages of execution for newly started projects.
  • The company faces challenges in maintaining its margin guidance of 8-9% due to fluctuating commodity prices and fixed-price contracts.
  • PSP Projects Ltd (BOM:540544) has a high dependency on the Adani Group for orders, which could pose a risk if the group's project pipeline slows down.
  • The company's net profit margin remains under pressure due to increased depreciation and finance costs from recent capital expenditures.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PSPP.NS - PSP Projects Ltd
Q3 2026 PSP Projects Ltd Earnings Call
Jan 30, 2026 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, goodda and welcome to PSP Project Q3 FY26 earning conference call as a reminder, all participants' lines in the lesson-only mode, and there will be an opportunity for you to ask questions after the presentation concludes

Should you need assistance during the conference call, please signal and operator by pressing, then 0 on your touchstone phone.

Please note that this conference is being recorded.

I know when the conference over to Mr.

Arpit Mundra.

Thank you and over to you.

Thank you and good evening, everyone.

Welcome you all to PSP Projects Limited, usually A526, a news conference call to take us through the result options we have with the
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