PSP Projects Q1FY27 profit jumps on 65% revenue growth

Strong quarter, but multiple profit figures circulated

PSP Projects Limited reported a sharp improvement in its Q1FY27 performance for the quarter ended June 30, 2026, supported by higher revenue and better operating efficiency. In the information shared, the company’s Q1FY27 consolidated net profit is cited as ₹183.43 crore, up from ₹4.23 crore in Q1FY26. Separately, another market note in the same material refers to Q1 consolidated net profit of ₹18.3 crore, compared with ₹0.42 crore (₹42 lakh) a year ago.

Because both sets of numbers appear in the provided text, this report presents the disclosed data as-is, without reconciling the differences. What is consistent across the material is the narrative: Q1 profitability rebounded from a weak base, and the company linked the earlier softness to operational disruptions such as seasonal labour issues and monsoon-related delays.

Consolidated revenue growth highlighted in the results

The unaudited results note a strong increase in consolidated revenue from operations to ₹8,534.73 crore in Q1FY27 from ₹5,177.63 crore in Q1FY26. This implies 64.8% year-on-year growth in the top line for the quarter, as stated in the disclosure. Alongside the revenue rise, operating performance improved, with EBITDA margin expansion cited as a key driver behind higher profit.

The company’s improvement in profitability was attributed to improved operating efficiency. The same set of disclosed figures also shows EBITDA rising materially year-on-year, pointing to stronger project execution and cost control during the quarter.

EBITDA rises and margins expand by 160 bps

As per the metrics table included in the provided text, Q1FY27 consolidated EBITDA stood at ₹548.00 crore compared to ₹248.00 crore in Q1FY26, reflecting 121.0% growth. EBITDA margin was stated at 6.4% versus 4.8% in the year-ago period, an improvement of 160 basis points.

Margin improvement matters for EPC and construction companies because small changes in execution, costs, and mix can materially change profitability. In this quarter, the disclosure directly links the stronger profit outcome to the combination of higher revenue and a better EBITDA margin.

Standalone profit also rises sharply

The material also states that standalone performance improved sharply, with standalone profit rising to ₹151.59 crore. The stated reasons include improved operational efficiency and lower finance costs. No standalone revenue figure was provided alongside this standalone PAT number in the same section of the text.

EPS jumps on a low base

On a consolidated basis, earnings per share (EPS) was reported at ₹4.63 for Q1FY27, up from ₹0.11 in Q1FY26. The magnitude of the change reflects the low base in the year-ago quarter, as described in the market note that referred to significant constraints in the prior-year period.

Board approval, audit committee review, and limited review

PSP Projects said its Board of Directors approved the unaudited standalone and consolidated financial results at a meeting held on July 30, 2026. The approval was stated to be in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company also disclosed that the results were reviewed by the Audit Committee. Further, the numbers were subjected to a limited review by the joint statutory auditors, Kantilal Patel & Co. and G.K. Choksi & Co., pursuant to Standard on Review Engagements (SRE) 2410.

Key disclosed financial metrics (as provided)

Also disclosed: consolidated EPS of ₹4.63 in Q1FY27 versus ₹0.11 in Q1FY26.

Earnings call scheduled for July 30, 2026

PSP Projects scheduled an earnings conference call for July 30, 2026, to discuss the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The call timing was listed as 16:00 HRS (IST).

Other figures cited in the same material

The provided text also included other datasets and commentary that readers should interpret carefully because they differ from the headline Q1FY27 metrics above. One section described a period where consolidated revenue from operations was ₹517.7625 crore (from ₹51,776.25 lakh) and consolidated profit after tax was ₹0.4234 crore (from ₹42.34 lakh), along with a year-ago comparison of revenue ₹623.0621 crore and profit after tax ₹34.6844 crore.

Separately, the material stated that for the full financial year ended March 31, 2026, PSP Projects recorded annual revenue of ₹3,149 crore and annual net profit of ₹55.52 crore. A market snapshot also mentioned a CMP of ₹1,099 and a 12-month target range of ₹1,319 to ₹1,462, alongside estimate ranges for Q1FY27, but these were presented as estimates in the text rather than as company-reported actuals.

Why this update matters for investors tracking execution and margins

For a project-driven construction business, quarterly performance is shaped by execution intensity, labour availability, weather-related disruptions, and cost trends. In the disclosure that reported revenue of ₹8,534.73 crore, PSP Projects’ results show a combination of strong top-line growth and margin expansion, which together drove the sharp rise in profit and EPS.

The next immediate catalyst in the provided schedule is the earnings call on July 30, 2026, where the company is expected to review the quarter’s unaudited standalone and consolidated numbers. Investors typically look to such calls for clarity on order execution, margin sustainability, and the operational factors that drove quarter-on-quarter and year-on-year movements.

Conclusion

PSP Projects’ Q1FY27 update points to a sharp improvement in profitability, supported by higher revenue and stronger EBITDA margins, based on the disclosed metrics. The company’s board approved the unaudited results on July 30, 2026, after audit committee review and a limited review by joint statutory auditors. The scheduled earnings conference call on the same day remains the next key event listed in the material for stakeholders seeking more detail on the quarter’s performance.