PSP Projects Q2 FY27 Net Profit Rises 58% YoY

Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations

Audit Opinion:

Clean/Unmodified - No qualifications or modifications in the Limited Review Report by Joint Statutory Auditors

Key Financial Highlights [₹ in Lakhs]:

Standalone Results:

Quarter ended September 30, 2026:

Revenue from Operations: ₹100,912.97 (45.5% YoY increase from ₹69,363.13 in Q2 FY26)
Total Income: ₹101,432.14
Profit Before Tax: ₹3,862.11 (87.8% YoY increase from ₹2,056.24 in Q2 FY26)
Net Profit: ₹2,904.89 (95.8% YoY increase from ₹1,482.59 in Q2 FY26)
EPS: ₹7.33 (Basic and Diluted)
Other Equity: ₹126,483.29 (as of September 30, 2026)
Cash and Cash Equivalents: ₹7,206.39
Debt: Short-term ₹25,211.53, Long-term ₹1,524.30, Total ₹26,735.83

Half year ended September 30, 2026:

Revenue from Operations: ₹179,442.60 (48.7% YoY increase from ₹120,645.06 in H1 FY26)
Total Income: ₹180,372.11
Profit Before Tax: ₹6,262.00 (198.6% YoY increase from ₹2,097.38 in H1 FY26)
Net Profit: ₹4,420.70 (193.3% YoY increase from ₹1,507.52 in H1 FY26)
EPS: ₹11.15 (Basic and Diluted)

Consolidated Results:

Quarter ended September 30, 2026:

Revenue from Operations: ₹111,323.66 (58.3% YoY increase from ₹70,285.55 in Q2 FY26)
Total Income: ₹111,814.27
Profit Before Tax: ₹4,013.75 (79.3% YoY increase from ₹2,238.83 in Q2 FY26)
Net Profit: ₹3,011.32 (86.9% YoY increase from ₹1,610.93 in Q2 FY26)
EPS: ₹7.63
Other Equity: ₹127,253.38 (as of September 30, 2026)
Cash and Cash Equivalents: ₹7,233.35
Debt: Short-term ₹25,211.53, Long-term ₹1,524.30, Total ₹26,735.83

Half year ended September 30, 2026:

Revenue from Operations: ₹196,670.98
Total Income: ₹197,567.20
Profit Before Tax: ₹6,838.48 (195.8% YoY increase from ₹2,311.42 in H1 FY26)
Net Profit: ₹4,832.98 (192.9% YoY increase from ₹1,647.67 in H1 FY26)
EPS: ₹12.26

Segment-wise Performance:

The Group is primarily engaged in one business segment - construction/project activities (including trading of construction materials). Operations are predominantly domiciled in India with no reportable geographical segments.

Corporate Actions:

Approved shifting of Registered Office from 'PSP House', Opp. Celesta Courtyard, Opp. Lane of Vikram Nagar Colony, Iscon-Ambali Road, Ahmedabad - 380058, Gujarat to PSP Corporate House, 'Ninety', Anand Niketan School Lane, Behind L. J. University, Sanand-Sarkhej Road, Ahmedabad - 382210, Gujarat, India
Effective date: November 04, 2026
Both premises within same city, local limits, and jurisdiction of Registrar of Companies, Gujarat

Other Significant Information:

Consolidation Details:

Subsidiaries: PSP Construction Solutions Private Limited (formerly PSP Projects & Proactive Constructions Private Limited) and PSP Foundation
Joint Venture: GDCL and PSP Joint Venture (49% ownership interest)

Subsidiary Financials (before consolidation adjustments):

Total Assets: ₹16,485.82 lakhs as at September 30, 2026
Total Revenue: ₹11,573.41 lakhs and ₹19,803.79 lakhs
Net Profit After Tax: ₹131.01 lakhs and ₹462.75 lakhs
Net Cash Outflow: ₹184.95 lakhs for period April 01, 2026 to September 30, 2026

Joint Venture Financials:

Group's share of net loss: ₹0.38 lakhs (quarter) and ₹0.07 lakhs (half year)
Group's share of total comprehensive loss: ₹0.38 lakhs (quarter) and ₹0.07 lakhs (half year)

Assets and Liabilities Position (Consolidated as at September 30, 2026):

Total Assets: ₹328,215.69 lakhs
Total Equity: ₹131,228.16 lakhs
Total Liabilities: ₹196,987.53 lakhs
Property, Plant and Equipment: ₹45,074.52 lakhs
Inventories: ₹41,653.76 lakhs
Trade Receivables: ₹80,963.06 lakhs

Cash Flow Statement (Consolidated Half Year ended September 30, 2026):

Net cash used from operating activities: ₹(2,688.93) lakhs
Net cash used in investing activities: ₹(9,826.92) lakhs
Net cash used in financing activities: ₹(6,261.10) lakhs
Net decrease in cash and cash equivalents: ₹(18,776.95) lakhs