PSP Projects Ltd
NSE:PSPPROJECT
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PSP Projects Ltd
NSE:PSPPROJECT
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F:HUP
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PSP Projects Ltd
PSP Projects Ltd is a construction company that builds buildings and infrastructure for other businesses and institutions. It takes on project work such as factories, offices, hospitals, schools, warehouses, and residential developments, then manages the design coordination, procurement, and on-site execution needed to finish those projects. Its main customers are companies, developers, and public or institutional clients that need a contractor to deliver a project on time and to specification. PSP Projects usually earns money through contract payments tied to the value and progress of each job, so its business depends on winning new projects, controlling construction costs, and completing work efficiently. What makes the business model distinct is that PSP Projects sits in the middle of the construction value chain as a project executor rather than a property owner or materials supplier. That means its work is built around bidding for contracts, managing subcontractors and labor, and turning plans into finished structures for clients who need a single company to handle the building process.
PSP Projects Ltd is a construction company that builds buildings and infrastructure for other businesses and institutions. It takes on project work such as factories, offices, hospitals, schools, warehouses, and residential developments, then manages the design coordination, procurement, and on-site execution needed to finish those projects.
Its main customers are companies, developers, and public or institutional clients that need a contractor to deliver a project on time and to specification. PSP Projects usually earns money through contract payments tied to the value and progress of each job, so its business depends on winning new projects, controlling construction costs, and completing work efficiently.
What makes the business model distinct is that PSP Projects sits in the middle of the construction value chain as a project executor rather than a property owner or materials supplier. That means its work is built around bidding for contracts, managing subcontractors and labor, and turning plans into finished structures for clients who need a single company to handle the building process.
Record Revenue: PSP Projects delivered its highest-ever quarterly revenue of INR 771 crores in Q3 FY26, up 24% year-on-year and 11% sequentially.
Profit Surge: Net profit for the quarter jumped 159% year-on-year to INR 16 crores.
Order Book Growth: Outstanding order book reached INR 9,178 crores as of December 31, up 43% year-on-year.
Strong Order Inflow: Q3 order inflow was INR 957 crores, a 151% increase year-on-year.
Margin Commentary: EBITDA margin improved to 6.73% from 5.67% YoY; a one-time INR 8 crores labor cost impacted margin, which management says will not recur.
Guidance Maintained: FY26 revenue guidance reaffirmed at INR 3,100–3,200 crores; FY27 expected in the INR 4,000–4,500 crores range.
Future Outlook: Management expects order inflow of INR 7,000–8,000 crores next year, mainly from Adani Group projects.
Arbitration Win: PSP won a favorable INR 61.44 crores arbitration award, with 9% interest, against BNCMC.
CapEx Update: CapEx for the year expected at INR 200 crores, funded mostly through internal accruals.
