| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 853 | 518 | +64.8% |
| EBITDA | 54.8 | 24.8 | +121.0% |
| EBITDA margin | 6.4% | 4.8% | +1.6 pts |
| Profit before tax | 28.2 | 0.7 | +3,791.3% |
| Net profit | 18.3 | 0.4 | +4,232.2% |
| EPS | ₹4.63 | ₹0.11 | +4,109.1% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 2,923 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 260 | 260 | 79.7 | 113 | 94.1 | ||
| 317 | 317 | 272 | 455 | 145 | ||
| 2,980 | — | — | — | — | ||
| 3,484 | 3,149 | 2,512 | 2,506 | 1,938 | ||
| — | +25.3% | +0.3% | +29.3% | — | ||
| 219 | 189 | 179 | 261 | 230 | ||
| 6.3% | 6.0% | 7.1% | 10.4% | 11.9% | ||
| 126 | 102 | 107 | 196 | 190 | ||
| 73.4 | 55.5 | 56.4 | 123 | 132 | ||
| 2.1% | 1.8% | 2.3% | 4.9% | 6.8% | ||
| ₹18.52 | ₹14.00 | ₹14.23 | ₹31.02 | ₹33.28 | ||
| — | −1.6% | −54.1% | −6.8% | — | ||
| — | 323 | 52.7 | −224 | 45.3 | ||
| — | −193 | −68.0 | −142 | −79.7 | ||
| 130 | 130 | −15.3 | −366 | −34.5 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 2,922.6 | |
| - Cash, Equiv & ST Investments | 94.1 | 113.1 | 79.7 | 260.2 | 260.2 | |
| + Total Debt | 145.0 | 455.1 | 271.5 | 317.2 | 317.2 | |
| Enterprise Value | — | — | — | — | 2,979.6 | |
| Revenue | 1,937.8 | 2,505.8 | 2,512.1 | 3,148.7 | 3,484.4 | |
| Growth %, YoY | — | +29.3 | +0.3 | +25.3 | — | |
| EBITDA | 230.1 | 260.9 | 179.4 | 189.1 | 219.1 | |
| Margin % | 11.87 | 10.41 | 7.14 | 6.00 | 6.29 | |
| EBIT | 190.1 | 196.1 | 106.8 | 102.5 | 126.3 | |
| Net Income | 131.9 | 123.0 | 56.4 | 55.5 | 73.4 | |
| Margin % | 6.81 | 4.91 | 2.25 | 1.76 | 2.11 | |
| EPS, Adj (current shares) | 33.28 | 31.02 | 14.23 | 14.00 | 18.52 | |
| Growth %, YoY | — | -6.8 | -54.1 | -1.6 | — | |
| Cash from Operations | 45.3 | -224.0 | 52.7 | 322.8 | — | |
| Capital Expenditures | -79.7 | -141.9 | -68.0 | -193.0 | — | |
| Free Cash Flow | -34.5 | -365.9 | -15.3 | 129.9 | 129.9 | |
Prices at the previous close · figures from the company's filings with NSE
PSP Projects (NSE: PSPPROJECT) had a market capitalisation of ₹2,921 crore at the previous close (₹737.25 a share), a PE ratio of 39.8 on the last four quarters' profit and a price-to-book ratio of 2.31. In FY26 its consolidated net profit was ₹55.5 crore on revenue of ₹3,149 crore; in Q1 FY27 (April–June 2026) it was ₹18.3 crore. Its debt-to-equity ratio was 0.25 on 31 March 2026. Promoters held 68.82% of the shares on 30 September 2026.
PSP Projects' PE ratio is 39.8 at the previous close (₹737.25 a share): a market capitalisation of ₹2,921 crore divided by consolidated net profit of ₹73.4 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹55.5 crore) it is 52.6.
PSP Projects' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,264 crore on 31 March 2026, up 4.6% from ₹1,209 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,921 crore at the previous close.
PSP Projects' book value per share was ₹319.04 on 31 March 2026: shareholders' equity of ₹1,264 crore divided by the 3.96 crore shares in issue, up 4.6% from ₹304.97 a year earlier. The share price at the previous close was ₹737.25.
PSP Projects' price-to-book (PB) ratio is 2.31 at the previous close: a market capitalisation of ₹2,921 crore divided by shareholders' equity (book value) of ₹1,264 crore on 31 March 2026. That is a book value of ₹319.04 per share against a share price of ₹737.25.
In FY26, PSP Projects' return on equity (ROE) was 4.5% and its return on capital employed (ROCE) was 8.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 5.3% and ROCE 9.8%.
On 30 September 2026, PSP Projects' shares were held by promoters 68.82%, foreign portfolio investors (FII/FPI) 2.29%, domestic institutions (DII) 3.04% (including mutual funds at 2.68%) and retail and other non-institutional investors 25.85%. Over the year, FII holding was down 0.29 percentage points from 2.58% and DII holding was up 0.93 percentage points from 2.11%.
PSP Projects' market capitalisation was ₹2,921 crore at the previous close: 3.96 crore shares at ₹737.25 each.
PSP Projects' basic earnings per share (EPS) were ₹14.00 in FY26, against ₹14.32 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹18.52.
PSP Projects will announce its Q2 FY27 results (July–September 2026) on Monday, 2 November 2026, the date of the board meeting it has notified to the exchanges.
No. PSP Projects had borrowings of ₹317 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.25. Its cash and current investments were ₹416 crore, so it held net cash of ₹98.3 crore.
PSP Projects' debt-to-equity ratio was 0.25 on 31 March 2026: borrowings of ₹317 crore against total equity of ₹1,264 crore. A year earlier, on 31 March 2025, it was 0.22.
Promoters held 68.82% of PSP Projects on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, PSP Projects generated ₹323 crore of cash from operations and spent ₹193 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹130 crore. In FY25 it was −₹15.3 crore.
PSP Projects' latest results are for Q1 FY27 (April–June 2026), filed on 30 July 2026: consolidated net profit ₹18.3 crore; revenue from operations ₹853 crore, up 64.8% year on year.
In FY26 (April 2025–March 2026), PSP Projects' consolidated net profit was ₹55.5 crore, down 1.6% from ₹56.4 crore in FY25, on revenue from operations of ₹3,149 crore (up 25.3%). Over three years, from FY23, net profit was down 57.9%.
On FY26 consolidated figures, against J.Kumar Infraprojects, Vindhya Telelinks and Interarch Building Solutions: PSP Projects' operating margin of 3.3% is the lowest of the four (J.Kumar Infraprojects 11.0%, Vindhya Telelinks 5.6%, Interarch Building Solutions 8.5%; peer average 8.4%); its return on equity of 4.5% is the lowest of the four (J.Kumar Infraprojects 12.1%, Vindhya Telelinks 5.3%, Interarch Building Solutions 16.5%; peer average 11.3%).
In FY26, PSP Projects earned net profit of ₹55.5 crore on revenue of ₹3,149 crore, against ₹387 crore on ₹5,723 crore for J.Kumar Infraprojects. PSP Projects' operating margin was 3.3% (J.Kumar Infraprojects 11.0%) and its return on equity 4.5% (J.Kumar Infraprojects 12.1%).
From PSP Projects' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.