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PSP Projects

Q4 FY26Construction

PSP Projects Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹910
Market cap₹3.6K Cr
P/E49.2
Updated24 Aug 2026
Read4 min read

The short version

PSP Projects Limited targets revenue of around INR4,500 crores for FY27, maintaining earlier guidance. Revenue growth target for FY27: INR4,500 crores with a 20%-25% growth outlook for the next few years aiming to reach INR9,000-10,000 crores by FY30.

From PSP Projects's Q4 FY26 earnings-call transcript · updated 24 Aug 2026.

Revenue & Sales Performance

  • PSP Projects Limited targets revenue of around INR4,500 crores for FY27, maintaining earlier guidance.
  • The company aims for a robust growth rate of 20%-25% annually for the next few years, targeting INR9,000 to INR10,000 crores revenue by FY30.
  • Order inflows are expected to remain strong, with a minimum of INR5,000 to INR6,000 crores anticipated from the Adani Group annually, plus an additional INR1,000 to INR2,000 crores from external tenders.
  • The bid pipeline stands at approximately INR6,500 crores, ensuring steady future projects.
  • Execution of the current INR13,500 crores order book is expected to contribute to revenue growth, with most projects gaining momentum by Q3.
  • Capacity expansions, such as precast facilities, are planned only as needed to support growth, with capex estimated at 3%-4% of revenue annually.

Profitability & Margins

See what PSP Projects said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

- The company plans capex around 3% of revenue annually, roughly INR120-150 crores for FY2027. - FY2026 capex was around INR190-200 crores, more than 3% of revenue, primarily for projects currently under execution. - Capex may vary quarter-to-quarter, with some quarters having higher spend when projects start. - Precast facility current capacity is 3 million sq. ft. per year, adequate for near-term needs. - Future precast expansion possible with additional equipment costing INR15-20 crores; infrastructure (sheds) already in place. - Capex will support sustaining and growing execution capabilities amidst a projected 20%-25% annual revenue growth. - Strategic focus is on strengthening execution, especially for large projects, with continued investment aligned to order book growth. Overall, capital investment will be moderate, primarily focused on project-related assets and incremental precast capacity expansion as required.

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Ranked on what management guided this quarter

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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 said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • As of March 31, 2026, the outstanding order book stood at INR 13,447 crores, marking an 85% year-on-year growth.
  • Order book composition: 67% from Adani Group projects and 33% from external (non-Adani) projects.
  • Recent significant inflow: INR 10,925 crores during FY26, with 85% from Adani Group.
  • Bid pipeline stands at approximately INR 6,600 crores, with 60% from group projects and 40% external.
  • Execution timeline across orders varies between 2.5 to 3 years due to large-volume projects.
  • Key ongoing projects include SVPI Airport Ahmedabad, Matunga Rehab Building Mumbai, Ambaji Mata Temple development, and others.
  • By Q3 FY27, the entire INR 13,500 crores order book is expected to contribute to revenues.
  • The company targets minimum order inflow of INR 5,000 to 6,000 crores from the group annually, alongside INR 1,500 to 2,000 crores from external sources.

PSP Projects — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

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.

Full financials →

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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 Q4 FY26 results?

PSP Projects Limited targets revenue of around INR4,500 crores for FY27, maintaining earlier guidance. Revenue growth target for FY27: INR4,500 crores with a 20%-25% growth outlook for the next few years aiming to reach INR9,000-10,000 crores by FY30.

What is PSP Projects share price analysis?

PSP Projects currently shows a neutral. The stock trades at a P/E of 49.2 with a market cap of ₹3,615 Cr. Investors should review the full earnings analysis for detailed insights.

Is PSP Projects planning capital expenditure?

The company plans capex around 3% of revenue annually, roughly INR120-150 crores for FY2027. - FY2026 capex was around INR190-200 crores, more than 3% of revenue, primarily for projects currently under execution. - Capex may vary quarter-to-quarter, with some quarters having higher spend when projects start. - Precast facility current capacity is 3 million sq.

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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.