PSP Projects delivered remarkable financial performance in the June 2026 quarter, with consolidated net profit surging 4259% to ₹183.43 crore compared to ₹4.23 crore in the corresponding quarter of the previous year. According to the latest financial results, this represents one of the most significant profit growth rates in recent corporate performance, demonstrating the company's operational efficiency and market positioning during the quarter. The board officially signed off on these results on July 30, 2026, with the results reviewed by the Audit Committee and subjected to a limited review by joint statutory auditors Kantilal Patel & Co. and G.K. Choksi & Co.
The company's revenue momentum was equally impressive, with sales rising 53% YoY to ₹8,534.73 crore in Q1 FY2027 compared to ₹5,177.63 crore in the same period last year. As reported in the latest financial data, this substantial revenue growth indicates strong demand for the company's products or services, potentially driven by healthy execution momentum despite monsoon and labour-migration seasonality. Total income for the group stood at ₹8,575.29 crore against ₹5,217.59 crore in the prior year period, with other income remaining stable at ₹405.61 crore. The company maintains a robust ₹132.5 billion order book as of June 30, 2026, providing strong visibility for medium-term revenue stability across public and private segments.
The company's operating profit margin (OPM) improved significantly to 6.42% in the June 2026 quarter, up from 4.79% in the corresponding quarter of the previous year, representing an expansion of 63 basis points. According to the latest financial data, EBITDA more than doubled to ₹548.00 crore from ₹248.00 crore, indicating enhanced operational leverage and effective cost management. Earnings per share (EPS) on a consolidated basis stood at ₹4.63, a significant jump from ₹0.11 in Q1FY26, while standalone basic EPS rose to ₹3.82 from ₹0.05. The margin expansion suggests better cost management and operational efficiency, contributing to the overall profitability improvement despite the challenging economic environment. Profit before tax (before share of profit from joint ventures) stood at ₹28.25 crore, compared with ₹0.73 crore in the prior year quarter, reflecting the broad-based improvement across revenue, operating profit and pre-tax earnings.
PSP Projects has strengthened its market position through strategic partnerships, notably with Adani Infra (India) Limited, which acquired a 34.41% stake via an Open Offer and Share Purchase Agreement, joining the promoter group. This alliance aims to accelerate growth and enhance governance. The company continues to expand its precast concrete manufacturing capabilities, commissioned in December 2021, to drive speed, quality, and scale in infrastructure projects such as the National High Speed Rail project. Finance costs decreased to ₹75.37 crore from ₹111.73 crore, contributing positively to the bottom line, while tax expenses for the quarter were ₹99.08 crore, including current tax of ₹124.49 crore and deferred tax benefit of ₹25.41 crore.
Despite the strong financial results, PSP Projects' shares slipped 2.4% on the BSE to ₹998.75 following the earnings announcement. According to market reports, investors appear cautious and are waiting for more clarity on future orders and market outlook. However, the clear rebound in net profit to ₹183.43 crore is expected to boost investor sentiment and support valuation multiple expansion. The stock's outlook is supported by a robust recovery in consolidated net profit, which marks a significant operational rebound from the previous year's low of ₹42 lakh. Prabhudas Lilladher has recommended an 'Accumulate' rating with a target price of ₹1,062, valuing the company at 30x FY28E EPS, citing the company's strong execution momentum and healthy order book position. During its 18th Annual General Meeting held on June 27, 2026, the company approved all key resolutions, while for the full financial year ended March 31, 2026, PSP Projects posted a record annual revenue of ₹3,149 crore with annual net profit standing at ₹55.52 crore.
