PSP Projects Limited reported a 16% year-on-year decline in Q1 revenue to ₹513.00 crore. EBITDA fell 67% to ₹24.00 crore, with margin dropping to 4.77%. PAT decreased to ₹0.13 crore from ₹34.00 crore. The company maintains a ₹6,514.00 crore order book, with Adani Group projects comprising 27%. PSP Projects faced operational challenges including labor shortages and increased employee costs. Despite Q1 difficulties, management remains optimistic about future prospects, citing ongoing discussions for new projects and anticipated improvements in labor availability.
30Jul 25
PSP Projects Reports Sharp Decline in Q1 Financial Performance, Schedules AGM and Appoints Auditors
PSP Projects Limited experienced a significant downturn in its Q1 financial results. The company's consolidated revenue from operations decreased by 16.90% to ₹51776.25 lakhs, while consolidated profit after tax plummeted by 98.78% to ₹42.34 lakhs compared to the same quarter last year. Standalone performance also showed declines in both revenue and profit. The company announced its 17th Annual General Meeting for September 27 and made appointments for Cost Auditors and Secretarial Auditors.
23May 25
PSP Projects Reports Decline in Q4 EBITDA, Margin, and Profit Despite Steady Revenue
PSP Projects Ltd's Q4 financial results show a marginal 0.30% increase in revenue to ₹670.00 crore. However, EBITDA fell by 38.71% to ₹32.30 crore, with EBITDA margin declining to 4.81% from 7.89%. Net profit saw a significant 58.06% drop to ₹6.50 crore, indicating operational challenges despite stable revenue.
19Apr 25
PSP Projects Secures ₹107.1 Crore Order and Bags Prestigious Infrastructure Award
PSP Projects has been awarded a ₹107.1 crore project for civil structure and finishes work at GIFT City, Gandhinagar. The institutional project, to be completed in 24 months, was received from Brigade (Gujarat) Projects Private Limited. Additionally, the company was recognized as a 'Pioneer in Infrastructure Development and Engineering' by GROHE HURUN India at a real estate leaders conclave.
04Mar 25
CCI Greenlights Adani Infra's Acquisition of PSP Projects Shares
The Competition Commission of India (CCI) has approved Adani Infra (India)'s acquisition of equity shares in PSP Projects, a prominent construction and infrastructure development company. This approval marks a significant step in Adani Infra's expansion plans, potentially leading to changes in PSP Projects' ownership structure and strategic alignment between the two companies. The exact details of the share acquisition, including the percentage or number of shares, have not been disclosed.
28Feb 25
PSP Projects Secures Massive Orders Worth ₹1,764 Crore, Boosting FY 2024-25 Order Book
PSP Projects Limited has won new contracts worth ₹1,764.12 crore, significantly boosting its order book. The projects include airport development (₹870.69 crore), healthcare (₹411.72 crore), residential (₹190.93 crore), and institutional (₹208.54 crore) constructions. This brings the company's total order inflow for FY 2024-25 to ₹3,478.58 crore. The company is also the lowest bidder for an additional ₹120.53 crore project. All projects are domestic with varied completion timelines ranging from 12 to 24 months.