PSP Projects Limited — Investor Meet, 06-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

PSP Projects saw Q4FY26 revenue hit INR1,115 Cr (+66% YoY), with EBITDA at INR60 Cr (+85% YoY) and PAT at INR21 Cr (+244% YoY). Full-year FY26 revenue rose 25% to INR3,149 Cr. Note: Q4 EBITDA included a ~INR29 Cr project provision.

The outstanding order book reached INR13,447 Cr (+85% YoY), largely driven by INR10,925 Cr in FY26 inflows (67% from Adani Group), ensuring strong visibility. Management forecasts FY27 revenue at INR4,500 Cr with 7-8% EBITDA margins. They aim for debt-free status and 3-4% PAT margins, with working capital days targeted at 60-70. The construction sector outlook is positive.