PSP Projects (PSPPROJECT) investor relations material

Executive summary

• Order book reached INR 13,245 crore as of June 30, 2026, up 103% year-over-year, ensuring strong multi-year revenue visibility.

• Q1 FY2027 revenue grew 65% year-over-year to INR 853 crore, with robust execution despite seasonal labor and monsoon challenges.

• Net profit after tax for Q1 FY27 was INR 18 crore, a nearly 50x increase year-over-year.

• Strategic partnership with Adani Infra, which acquired a 34.41% stake, enhances growth, execution, and governance.

• Six projects completed in the quarter; order inflows of INR 630 crore, with 93% from Adani Group.

Financial highlights

• Revenue from operations: INR 853 crore (Q1 FY2027) vs INR 518 crore (Q1 FY2026), up 65% year-over-year.

• EBITDA: INR 55 crore vs INR 25 crore, up 121% year-over-year; EBITDA margin at 6.42% vs 4.79%.

• Net profit: INR 18 crore vs INR 0.37 crore, nearly 50x year-over-year; net profit margin at 2.12%.

• Earnings per share (EPS) for Q1 FY27 was INR 4.63, up from INR 0.11 in Q1 FY26.

• Order inflow for Q1 FY27 was INR 630 crore.

Outlook and guidance

• FY2027 revenue guidance maintained at INR 4,000–4,500 crore, with expected growth above 25%.

• EBITDA margin expected to reach 7–8% from the second half of FY2027 as labor availability normalizes.

• Order inflow guidance for the year remains at INR 5,000–6,000 crore, mainly from Adani Group.

• Strong order book and bid pipeline of INR 6,200+ crore, with 61% from group projects and 39% external.

• Working capital efficiency expected to improve, with potential to become net debt-free in 2–3 quarters.