PSP Projects Ltd (PSPPROJECT) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management has an internal revenue growth target exceeding 35% for FY27, well above the official guidance of 25-30%, citing strong H1 execution and a robust second half.
- Future EBITDA margins are expected to improve from the current 6.2% to a target of 7.5-8% as major projects transition from structure work to higher-margin finishing activities.
- The company reaffirmed its full-year order inflow guidance of INR 4,000-5,000 crore and FY27 capex of ~INR 190 crore to support sustained growth.
Performance Overview
- PSP Projects delivered its highest-ever quarterly revenue, demonstrating strong execution capabilities.
- The company secured new orders worth approximately INR 1,305 crores in H1 FY27, including INR 675 crores in the second quarter.
- The outstanding order book grew 30% year-on-year to INR 12,872 crores, providing healthy multi-year revenue visibility.
- Successfully completed 17 projects during the quarter, including the landmark precast high-rise 'Project 19'.
- The company is progressing with capacity enhancements at its precast facility to meet visible demand in building and infrastructure projects.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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