PSP Projects LimitedQ1 FY27 Results & Financial Update

PSP Projects Limited: Q1 FY27 consolidated results and company financials – revenue ₹853.47 Cr, PAT ₹18.34 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: PSPPROJECTPublished 13 Oct 2026Updated 13 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹853.47 CrReported Q1 FY27
Profit after tax₹18.34 CrReported Q1 FY27
EPS₹4.63Reported Q1 FY27

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Quarterly Results AnalysisExplore PSP Projects Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

During the quarter ended June 30, 2026, PSP Projects Limited recorded consolidated revenue from operations of INR 853.47 crore, alongside other income of INR 4.06 crore, bringing total consolidated income to INR 857.53 crore.

02

Total expenses for Q1 FY27 aggregated to INR 829.28 crore, led by construction expenses of INR 43.40 crore and material consumption costs of INR 24.66 crore, alongside stock-in-trade purchases of INR 4.89 crore.

03

Consolidated profit before tax (PBT) before share of profit from joint ventures stood at INR 28.25 crore for the quarter. Total tax expenses for the period were INR 9.91 crore.

04

Consolidated net profit after tax (PAT) and share of profit from joint ventures reached INR 18.34 crore for the quarter, yielding a basic and diluted earnings per share of INR 4.63.

05

Other comprehensive expense for the quarter included INR 0.13 crore attributable to remeasurements of defined benefit plans, resulting in a total comprehensive income of INR 18.22 crore.

06

On a standalone basis, the company reported revenue from operations of INR 785.30 crore and a net profit after tax of INR 15.16 crore for the quarter ended June 30, 2026.

07

During the quarter ended June 30, 2026, PSP Projects reported consolidated revenue from operations of INR 853.47 crore, alongside total income of INR 857.53 crore.

08

Consolidated profit before tax stood at INR 28.25 crore for the quarter, while consolidated net profit after tax reached INR 18.34 crore, yielding a basic and diluted earnings per share of INR 4.63.

01 · Business model

What does PSP Projects do?

PSP Projects Limited is engaged primarily in construction and project activities, undertaking industrial, institutional, residential, and government infrastructure projects.

The company operates primarily within India, offering comprehensive construction services alongside the trading of construction materials.

The business model encompasses complete project execution from structural work to finishing, serving diverse public and private sector clients.

02 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹853.47 Cr
Total income₹857.53 Cr
Profit before tax₹28.25 Cr
Profit after tax₹18.34 Cr
EPS₹4.63

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Consolidated Revenue

Reported consolidated revenue from operations of INR 853.47 crore for Q1 FY27, backed by total consolidated income of INR 857.53 crore.

Standalone Revenue

The standalone entity contributed revenue from operations of INR 785.30 crore out of the total consolidated figure.

Construction and Project Activities

Revenue from operations of INR 853.47 crore was driven by the ongoing execution of diversified construction and project contracts across institutional and industrial segments.

Subsidiary Contributions

Wholly owned subsidiaries, including PSP Construction Solutions Private Limited, contributed INR 82.30 crore in total revenue before consolidation eliminations.

Other Income

The company recorded INR 4.06 crore in other income during the quarter, supporting overall consolidated income.

What drove margins

Construction and Material Costs

Cost of construction materials consumed stood at INR 24.66 crore, while broader construction expenses formed the largest cost component at INR 43.40 crore.

Employee and Finance Expenses

Employee benefit expenses were INR 4.59 crore, and finance costs stood at INR 7.54 crore for the quarter.

Depreciation and Tax

Depreciation and amortisation expenses amounted to INR 23.07 crore, while tax expenses totaled INR 9.91 crore, comprising current tax of INR 12.45 crore offset by a deferred tax credit of INR 2.54 crore.

Construction and Material Costs

Construction expenses formed the largest cost head at INR 434.00 crore, followed by cost of construction material consumed at INR 246.63 crore and stock-in-trade purchases of INR 48.86 crore.

Employee and Finance Expenses

Employee benefits expense stood at INR 45.94 crore, while finance costs were contained at INR 7.54 crore for the quarter.

Depreciation and Overhead

Depreciation and amortisation expenses amounted to INR 23.07 crore, and other expenses accounted for INR 22.40 crore.

04 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single Segment Operation

The chief operating decision maker reviews the group's operations as a single primary business segment: construction and project activities, including trading of construction materials.

Single Operating Segment

In accordance with Ind AS 108, the group operates primarily in a single business segment encompassing construction and project activities, including trading of construction materials.

Geography and market mix

Domestic Domicile

The operations of the group are predominantly domiciled in India, resulting in no reportable geographical segments under Ind AS 108.

05 · Strategy & new businesses

How the company is trying to change its growth mix

Subsidiaries and Joint Ventures

Consolidated results include the financial performance of subsidiaries PSP Construction Solutions Private Limited and PSP Foundation, alongside a 49% stake in GDCL and PSP Joint Venture.

06 · Reported developments

What changed operationally

Profitable Operations

The company reported a consolidated net profit after tax of INR 18.34 crore for Q1 FY27, supported by profitable contributions from its subsidiary entities.

07 · Beyond the numbers

What changed beyond the numbers

Reported update

Auditor Review

The financial results for the quarter ended June 30, 2026, were subjected to a limited review by joint statutory auditors Kantilal Patel & Co. and G.K. Choksi & Co.

Reported update

Auditor Review

The consolidated and standalone financial results for Q1 FY27 were subjected to a limited review by joint statutory auditors Kantilal Patel & Co. and G.K. Choksi & Co.

08 · Key Q&A

The quarter, answered directly

What does PSP Projects do?

PSP Projects Limited is engaged primarily in construction and project activities, undertaking industrial, institutional, residential, and government infrastructure projects.

What is the clearest takeaway from Q1 FY27?

During the quarter ended June 30, 2026, PSP Projects Limited recorded consolidated revenue from operations of INR 853.47 crore, alongside other income of INR 4.06 crore, bringing total consolidated income to INR 857.53 crore.

What drove revenue or demand?

Reported consolidated revenue from operations of INR 853.47 crore for Q1 FY27, backed by total consolidated income of INR 857.53 crore.

What mattered most for margins or profitability?

Cost of construction materials consumed stood at INR 24.66 crore, while broader construction expenses formed the largest cost component at INR 43.40 crore.

What changed operationally beyond the headline numbers?

Consolidated results include the financial performance of subsidiaries PSP Construction Solutions Private Limited and PSP Foundation, alongside a 49% stake in GDCL and PSP Joint Venture.

What should the next disclosure help confirm?

Monitor subsequent quarterly financial disclosures and project execution updates from the company.

09 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

10 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Subsequent Financial Reporting: Monitor subsequent quarterly financial disclosures and project execution updates from the company.

  2. 02

    Subsequent Financial Disclosures: Monitor subsequent quarterly filings and disclosures for order book progression and execution velocity across major contracts.

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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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