PSP Projects Q3FY26 Earnings Call Transcript Shows Strong Performance Growth
PSP Projects has released its Q3FY26 earnings call transcript revealing exceptional financial performance with revenue growth of 24% YoY to ₹771 crores and net profit surge of 159% YoY to ₹16 crores. The company maintains a strong order book of ₹9,178 crores with 43% YoY growth and received a favorable arbitration award of ₹61.44 crores, positioning it well for continued growth.

*this image is generated using AI for illustrative purposes only.
PSP Projects has released the complete transcript of its Q3FY26 earnings conference call held on January 30, 2026, providing comprehensive insights into the company's strong financial performance and business developments.
Outstanding Financial Performance
The company delivered exceptional results for Q3FY26, demonstrating significant growth across key financial metrics:
| Metric: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹771 crores | ₹623 crores | +24% |
| EBITDA: | ₹52 crores | ₹35 crores | +47% |
| Net Profit: | ₹16 crores | ₹6 crores | +159% |
| EBITDA Margin: | 6.73% | 5.67% | +106 bps |
Record Order Book and Strong Pipeline
PSP Projects reported a robust order book position as of December 31, 2025:
| Parameter: | Details |
|---|---|
| Outstanding Order Book: | ₹9,178 crores |
| YoY Growth: | 43% |
| Within Group Projects: | 59% (₹5,440 crores) |
| External Projects: | 41% (₹3,738 crores) |
| Q3FY26 Order Inflow: | ₹957 crores (151% YoY) |
The company has emerged as the lowest bidder for the Ambaji Corridor Development Project valued at ₹965 crores, which will further strengthen its order book position.
Major Project Completions and Updates
During Q3FY26, PSP Projects successfully completed five significant projects, including the Veer Savarkar Sports Complex in Ahmedabad, one of the first stadiums for Commonwealth 2030 and aimed at Olympics 2036. The company also completed Terminal 1 and Terminal 2 forecourt area development at Ahmedabad Airport and industrial projects for the Waghbakri Group.
Favorable Arbitration Award
The company received a significant boost with a favorable arbitral award dated January 11, 2026, in the PSP versus Bhiwandi matter. The arbitral tribunal directed BMCMC to pay PSP Projects a principal amount of ₹61.44 crores plus interest at 9% per annum, with payment required within 60 days.
Strong Revenue Guidance and Future Outlook
Management confirmed their revenue guidance of ₹3,100-3,200 crores for FY26 and projected revenue of ₹4,000-4,500 crores for FY27. The company maintains a healthy bid pipeline of ₹6,600 crores, with 60% from group projects and 40% from external projects.
Balance Sheet Highlights
Key balance sheet metrics as of December 31, 2025, demonstrate the company's financial strength:
| Item: | Amount (₹ crores) |
|---|---|
| Total Fixed Deposits: | 215 |
| Net Unbilled Revenue: | 648 |
| Trade Receivables: | 635 |
| Inventories: | 344 |
| Available Credit Limits: | 500 |
The earnings call transcript, filed under reference number PSPPROJECT/SE/78/25-26, provides stakeholders with detailed management commentary on business developments and strategic initiatives for the coming quarters.
Historical Stock Returns for PSP Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.69% | -5.33% | -1.98% | +15.94% | +23.37% | +65.12% |

































