Q4 2026 PSP Projects Ltd Earnings Call Transcript
Key Points
- PSP Projects Ltd (BOM:540544) reported its highest ever quarterly revenue in Q4 FY26, with a 66% year-on-year increase to 1,115 crores.
- The company's EBITDA grew by 85% year-on-year to 60 crores in Q4 FY26, demonstrating strong operational efficiency.
- The order book as of March 31, 2026, stood at 13,447 crores, marking an 85% year-on-year growth, providing strong multi-year revenue visibility.
- PSP Projects Ltd successfully completed three major projects in Q4 FY26, including a landmark residential building and a world record concrete pouring operation.
- The company is leveraging advanced construction solutions like precast technology to enhance execution speed and efficiency, as demonstrated by a significant project completed in less than five months.
- The EBITDA margin for FY26 moderated to 6% from 7.14% in the previous year due to changes in project mix and execution timing.
- Net profit margin for Q4 FY26 was 1.88%, which is relatively low compared to industry standards.
- The company made a provision of 29 crores for expected credit losses on unbilled revenue, impacting profitability.
- There is a significant reliance on orders from the Adani Group, which constitutes 67% of the current order book.
- The company faces challenges in managing receivables, with a notable increase to 928 crores as of March 31, 2026.
Ladies and gentlemen, good day and welcome to the PSP Projects Q4 and FY26 earnings call.
(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Krishna Patel. Thank you, and over to you.
Thank you, Ditesh, and good evening, everyone. Welcome you all to PSP Project Limited 24 FY26 and FY26 Conference Call. To take us through the results and to answer your questions, we have with us the management of PSP Projects. Be presented by Mr. Pranatha Patel, Chairman and MD, Ms. Puja Patel, Chief Executive Officer, and Ms. Patel Patel, Chief Financial Officer. Please note that the discussion that we made today may have today may contain certain forward-looking statements relating to future events and future performance. Numerous factors can cause the actual results to differ materially from those in the forward-looking statements. Please note the audio of this on this call if the copyright material of CSP products cannot be copied, de-broadcasted, attributed
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