Stock Report

PSP Projects Limited Reports Q1 FY27 Results: Consolidated Revenue Up 64.8% YoY to ₹853.47 Crore; Net Profit Surges Multi-Fold

Posted On : 2026-07-31 13:08:20( TIMEZONE : IST )

PSP Projects Limited (CIN: L45201GJ2008PLC054868), a leading multidisciplinary construction and infrastructure company, has released its unaudited consolidated and standalone financial results for the first quarter ended June 30, 2026. The company registered a strong top-line performance year-on-year, accompanied by a massive surge in profitability over the low base of the corresponding quarter last fiscal.

Consolidated Financial Performance Overview

For the quarter ended June 30, 2026, PSP Projects reported consolidated revenue from operations of ₹85,347.32 lakh (₹853.47 crore), marking a robust growth of 64.84% compared to ₹51,776.25 lakh (₹517.76 crore) in Q1 FY26. Sequentially, operational revenue saw a moderation from ₹1,11,524.03 lakh (₹1,115.24 crore) recorded in Q4 FY26.

With other income contributing ₹405.61 lakh (compared to ₹399.69 lakh in Q1 FY26 and ₹527.34 lakh in Q4 FY26), total consolidated income reached ₹85,752.93 lakh for Q1 FY27, up 64.35% year-on-year from ₹52,175.94 lakh in Q1 FY26.

Consolidated Expense Breakdown

Total consolidated expenses for Q1 FY27 stood at ₹82,928.20 lakh, compared to ₹52,103.35 lakh in Q1 FY26 and ₹1,09,302.20 lakh in Q4 FY26. Key cost items included:

Cost of Construction Material Consumed: ₹24,662.75 lakh, up from ₹20,064.81 lakh in Q1 FY26.

Construction Expenses: ₹43,399.36 lakh, rising significantly from ₹25,213.02 lakh in Q1 FY26.

Employee Benefits Expense: ₹4,594.17 lakh, compared to ₹3,503.89 lakh in Q1 FY26.

Finance Costs: ₹753.69 lakh, down from ₹1,117.28 lakh in Q1 FY26 and ₹1,120.83 lakh in Q4 FY26.

Depreciation and Amortisation Expense: ₹2,306.60 lakh, compared to ₹1,689.16 lakh in Q1 FY26.

Other Expenses: ₹2,239.89 lakh, against ₹1,515.27 lakh in Q1 FY26.

Changes in Inventories: ₹85.82 lakh, compared to a negative ₹1,000.08 lakh in Q1 FY26.

Consolidated Profitability and Earnings

Consolidated Profit Before Tax (PBT) prior to share of joint venture profit stood at ₹2,824.73 lakh, representing a dramatic multi-fold jump compared to ₹72.59 lakh in Q1 FY26. Sequentially, PBT rose 2.75% over ₹2,749.17 lakh in Q4 FY26.

After accounting for tax expenses of ₹990.77 lakh (current tax of ₹1,244.87 lakh offset by a deferred tax credit of ₹254.10 lakh) and a share of profit from joint venture of ₹0.31 lakh, net profit after tax (PAT) stood at ₹1,834.27 lakh (₹18.34 crore), compared to ₹42.34 lakh in Q1 FY26 and ₹2,109.34 lakh in Q4 FY26.

Total comprehensive income attributable to owners came in at ₹1,821.66 lakh after a remeasurement loss on defined benefit plans of ₹12.61 lakh (net of tax).

Consolidated basic and diluted Earnings Per Share (EPS) for the quarter stood at ₹4.63 per share of face value ₹10 each, compared to ₹0.11 in Q1 FY26 and ₹5.26 in Q4 FY26.

Standalone Financial Results Summary

On a standalone basis, PSP Projects recorded revenue from operations of ₹78,529.63 lakh (₹785.30 crore) for Q1 FY27, registering a 53.15% year-on-year increase over ₹51,275.93 lakh in Q1 FY26, and down sequentially from ₹1,01,178.01 lakh in Q4 FY26.

Total standalone income stood at ₹78,939.97 lakh, compared to ₹51,675.62 lakh in Q1 FY26 and ₹1,02,081.39 lakh in Q4 FY26.

Standalone Expense and Profit Highlights

Total standalone expenses came in at ₹76,540.02 lakh against ₹51,634.48 lakh in Q1 FY26. Major components included construction expenses of ₹42,172.85 lakh, material costs of ₹24,510.04 lakh, and employee costs of ₹4,594.17 lakh.

Standalone Profit Before Tax surged to ₹2,399.95 lakh from ₹41.14 lakh in Q1 FY26 (compared to ₹2,649.05 lakh in Q4 FY26). Standalone tax expenses stood at ₹884.07 lakh (comprising current tax of ₹1,138.63 lakh and deferred tax credit of ₹254.56 lakh).

Standalone Net Profit After Tax stood at ₹1,515.88 lakh (₹15.16 crore), up significantly from ₹18.93 lakh reported in Q1 FY26 and ₹2,115.46 lakh in Q4 FY26. Standalone Total Comprehensive Income reached ₹1,503.27 lakh.

Standalone basic and diluted EPS for Q1 FY27 stood at ₹3.82 per share of face value ₹10 each, compared to ₹0.05 in Q1 FY26 and ₹5.34 in Q4 FY26. Paid-up equity share capital remained unchanged at ₹3,964.18 lakh.

Shares of PSP Projects Limited was last trading in BSE at Rs. 950.75 as compared to the previous close of Rs. 1023.35. The total number of shares traded during the day was 23886 in over 1389 trades.

The stock hit an intraday high of Rs. 1041.25 and intraday low of 933.70. The net turnover during the day was Rs. 23553793.00.