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PSP Projects rocked Q2FY26! Revenue jumped 20% YoY to ₹693.69 Cr, with profit (PAT) surging 33% YoY to ₹14.83 Cr. For the half-year (H1FY26), revenue hit ₹1,206.45 Cr, up 1.38% YoY, but PAT dipped 67% to ₹14.96 Cr. The order book is looking solid at ₹9,883 Cr, a 51% YoY increase, with Adani projects making up 56% of it.
Growth is getting a big boost from the Adani Infra partnership (34.41% stake), promising a strong pipeline of new orders. PSP is also expanding its precast facility to deliver projects faster, with consistent quality, and better margins. Key strategies include diversifying construction projects, growing its geographical footprint, and optimizing its project mix.
In recent news, PSP set a world record in Q2FY26 for the largest continuous concrete pour for the Vishv Umiya Dham Temple foundation! They also raised ₹244 Cr via a QIP in April 2024 to clear borrowings.
Management is focused on timely execution and quality. A massive order book and ₹3,185 Cr in H1FY26 order inflows signal good demand visibility ahead.