PSP Projects reports strong Q2 FY26 revenue growth, order book expansion

PSP Projects Limited reported an operational revenue of INR 694 crore for Q2 FY26, marking 20% year-over-year growth and a 35% quarter-over-quarter increase. This improved performance is attributed to enhanced project execution, better workfront, and labor availability, especially post-monsoon season in mid-August 2025. The company's half-year revenue reached INR 1,206 crore.

As of September 30, 2025, PSP Projects' outstanding order book grew by 51% year-over-year to INR 9,883 crore, with an order inflow of INR 4,011 crore (excluding GST) during the same period. Adani Group projects constitute 56% of the current order book, while non-Adani projects make up the balance. The company successfully completed five projects in Q2 FY26.

EBITDA for the quarter increased by 24% year-over-year to INR 48 crore, with an EBITDA margin of 6.93%. Net profit for the quarter rose by 33% year-over-year to INR 15 crore. The company expects to stabilize EBITDA margins at 8% to 9% as revenue generation from new projects progresses.