PSP Projects Limited Q1 Revenue Rises 64.8% to ₹853.47 Crore

PSP Projects Limited reported consolidated revenue of ₹853.47 crore in Q1 FY27, a 64.84% increase from the year-earlier quarter. Net profit was ₹18 crore, while revenue declined 23.47% sequentially from ₹1,115.24 crore in the preceding quarter, highlighting the difference between annual growth and quarter-on-quarter movement.

What did PSP Projects report for Q1 FY27?

PSP Projects reported consolidated revenue of ₹853.47 crore for Q1 FY27. The figure was 64.84% higher than the corresponding quarter of the previous financial year, according to the quarterly results summary. The company’s reported net profit for the quarter was ₹18 crore.

The quarter-on-quarter comparison showed a different trend. Revenue declined 23.47% from ₹1,115.24 crore reported in the preceding quarter. Gross profit was reported at ₹31 crore, down 5.09% sequentially but up 301.52% year-on-year. Net profit fell 13.37% from the immediately previous quarter, while the reported year-on-year growth rate was 4,264.29%.

How does the Q1 FY27 performance compare with earlier reported quarters?

PSP Projects entered Q1 FY27 after reporting revenue of ₹1,115.24 crore in the prior quarter, making the sequential revenue decline visible despite the strong annual comparison. The available results summary does not provide a reason for the quarter-on-quarter change, so the reported movement should be viewed only as a comparison of disclosed quarterly figures.

For the September 2025 quarter, or Q2 FY26, PSP Projects had reported revenue of ₹703 crore and net profit of about ₹16 crore. These figures provide the reported base against which the September 2026 quarter will be assessed when the company releases its Q2 FY27 financial results.

The reported Q1 revenue of ₹853.47 crore was therefore higher than the Q2 FY26 revenue base cited in the available data, while Q1 FY27 net profit of ₹18 crore was also above the ₹16 crore profit reported for Q2 FY26. These are comparisons between disclosed periods and do not represent an estimate for the upcoming quarter.

When is PSP Projects expected to report Q2 FY27 results?

PSP Projects was listed with an upcoming Q2 FY26-27 earnings date of 2 November 2026, alongside an earnings conference event scheduled after market close. The company had also issued an announcement on 14 October 2026 under Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, intimating a Q2 FY27 earnings conference call.

The September 2026 quarter covers the period from 1 July 2026 to 30 September 2026. A separate results preview in the supplied information had stated, as of 17 September 2026, that a board-meeting intimation had not then been filed and that 14 November 2026 was the statutory outer deadline for publication. That earlier position predates the later October conference-call intimation and the 2 November earnings listing.

No earnings transcript or conference-call recording was available in the supplied material at the time of the listing. The available information also states that no verified public analyst estimate for Q2 FY27 revenue or profit was available. As a result, the reported Q1 figures and the Q2 FY26 base remain the factual reference points until the company’s quarterly filing is available.

Why do the reported figures matter for investors and the construction sector?

PSP Projects’ Q1 FY27 numbers show a substantial year-on-year increase in revenue, but they also show that revenue was lower than in the immediately preceding quarter. For investors, both comparisons matter because annual growth measures performance against the corresponding prior-year period, while sequential movement compares current activity with the preceding quarter.

The company’s reported profit data also reflects a low base effect in the year-on-year percentage comparison. Net profit of ₹18 crore was sharply higher on the stated annual percentage basis, while it was 13.37% lower quarter-on-quarter. The absolute profit figures of ₹18 crore in Q1 FY27 and about ₹16 crore in Q2 FY26 are more direct reference points for reading the disclosed data.

For the wider construction and project-execution industry, quarterly revenue is relevant because it reflects the value of work recorded during a period. However, the supplied material does not disclose project-level execution details, order-book numbers, margin drivers, or a revised outlook. Any assessment beyond the released financial metrics would require further company disclosures.

Conclusion

PSP Projects delivered Q1 FY27 consolidated revenue of ₹853.47 crore, up 64.84% year-on-year, and net profit of ₹18 crore. The result combined strong annual growth with a sequential decline from the preceding quarter’s revenue of ₹1,115.24 crore, making both comparison bases relevant to the company’s reported financial performance.

The next item to watch is the Q2 FY27 results release and associated earnings conference scheduled in the available listings for 2 November 2026. Investors will look for the company’s reported revenue, profitability and any disclosures that clarify performance against the Q2 FY26 base of ₹703 crore in revenue and about ₹16 crore in net profit.