PSP Projects Ltd
PSP Projects Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY'26 revenue guidance remains in the range of INR 3,100 to 3,200 crores, as affirmed by management. Revenue guidance for FY'27 is expected to be in the range of INR4,000 to INR4,500 crores, with clearer guidance to be provided in Q1 or Q2 FY'27.
From PSP Projects Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY'26 revenue guidance remains in the range of INR 3,100 to 3,200 crores, as affirmed by management.
- For FY'27, revenue is expected to be between INR 4,000 crores to INR 4,500 crores minimum, with clearer guidance expected by Q1 or Q2 of 2027.
- Order inflow till date is around INR 5,900-6,000 crores with an additional INR 3,000 crores under discussion for FY'26.
- For FY'27 and beyond, the company targets an order inflow run rate of INR 7,000 to 8,000 crores based on group requirements.
- Management expects growth driven mainly by projects from the Adani Group and other institutional orders, with less exposure to real estate-specific projects.
- Capex for equipment and shuttering materials supports upcoming project executions, projected to be around INR 200 crores for FY'26, with 3-4% of revenue invested annually thereafter.
Profitability & Margins
See what PSP Projects Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company has incurred a capex of INR 80 crores in Q3 FY 26 and a year-to-date capex addition of INR 153 crores.
- Gross block as of December 31, 2025, is INR 762 crores, with a net block of INR 414 crores.
- The full-year capex target for FY 26 is approximately INR 200 crores.
- Capex is mainly for new shuttering materials, equipment like cranes, and other machinery needed for Adani Group projects.
- For FY 27 and FY 28, there may be a slight reduction in capex; however, new projects will require some capex as needed.
- The company intends to maintain overall capex at about 3% to 4% of annual revenue going forward.
- Capex investments are expected to support revenue generation in the next financial years.
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what PSP Projects Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Closing order book as of Q3FY26: INR9,200 crores.
- Order book breakup: 27% government, 73% private; 82% Gujarat, 14% Maharashtra; 59% group projects, 41% external.
- Key project-wise order values: SMC Highrise - INR835 crores, Gati Shakti - INR325 crores, Dharoi Dam - INR280 crores, Fintech Building - INR264 crores, Sabarmati Riverfront - INR245 crores.
- Order book expected to increase by INR2,000 to 3,000 crores by March 2026, targeting INR11,000 to 12,000 crores range.
- Bid pipeline total: INR6,500 crores (INR3,900 crores Adani, INR2,600 crores non-Adani).
- Near term expected orders include Dharavi Matunga project of around INR2,000 crores.
- Guidance for new order inflows in FY27: minimum INR7,000 to 8,000 crores, largely from Adani Group.
PSP Projects Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.1K Cr, net profit ₹21 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What PSP Projects Ltd's management said in earlier quarters
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Frequently Asked Questions
What were PSP Projects Ltd Q3 FY26 results?
FY'26 revenue guidance remains in the range of INR 3,100 to 3,200 crores, as affirmed by management. Revenue guidance for FY'27 is expected to be in the range of INR4,000 to INR4,500 crores, with clearer guidance to be provided in Q1 or Q2 FY'27.
What is PSP Projects Ltd share price analysis?
PSP Projects Ltd currently shows a neutral. The stock trades at a P/E of 49.8 with a market cap of ₹3,657 Cr. Investors should review the full earnings analysis for detailed insights.
Is PSP Projects Ltd planning capital expenditure?
The company has incurred a capex of INR 80 crores in Q3 FY 26 and a year-to-date capex addition of INR 153 crores.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.