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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
PSP Projects
PSP Projects (PSPPROJECT) investor relations material
PSP Projects Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary2 Nov, 2026
Executive summary
Record Q2FY27 and H1FY27 revenue from operations of ₹1,113 crore and ₹1,967 crore, supported by improved project execution and labour availability.
Order book stood at ₹12,872 crore at September 30, 2026, up 30% YoY, providing multi-year revenue visibility.
Financial highlights
Consolidated Q2 revenue was ₹111,323.66 lakh vs. ₹70,286.55 lakh YoY; net profit was ₹3,023.93 lakh vs. ₹1,616.52 lakh.
Consolidated H1 revenue was ₹196,670.98 lakh vs. ₹122,062.80 lakh; net profit was ₹4,858.20 lakh vs. ₹1,658.86 lakh.
Q2 EBITDA rose 38% YoY to ₹69 crore, with a 6.21% margin; PAT rose 87% to ₹30 crore, with a 2.69% margin and EPS of ₹7.63.
H1 EBITDA rose 66% to ₹124 crore, with a 6.30% margin; PAT rose 193% to ₹48 crore, with a 2.45% margin and EPS of ₹12.26.
Employee costs increased to INR 50 crore from INR 33 crore YoY, while depreciation rose to INR 26 crore from INR 20 crore.
Outlook and guidance
FY27 revenue growth guidance remains 25%-30% YoY; H2 EBITDA margin could reach ~7% as projects progress into MEP, finishing and interiors.
FY order inflow is expected to exceed INR 5,000 crore; H1 inflow was INR 1,305 crore, including INR 675 crore in Q2, and the bid pipeline exceeded INR 7,800 crore.
Backlog execution is expected over roughly 2.5 years, with maximum project timelines of 36 months; three-year revenue growth ambition is 25%.
Strategic priorities include deepening building-construction leadership, expanding nationally, strengthening human capital and execution capabilities, and optimizing project mix.
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Latest events from PSP Projects
- FY22 growth accelerated as precast investment and a ₹4,324 crore order book scaled the platform.PSPPROJECT
Q4 21/22 - Profitability rose sharply despite lower reported revenue; IPO proceeds targeted working capital and capex.PSPPROJECTQ4 16/17
- Record FY18 growth and a ₹2,644 cr order book underpin 40% FY19 revenue guidance.PSPPROJECTQ4 17/18
- Record FY20 results and a ₹3,073.56 crore order book meet near-term COVID-19 disruption.PSPPROJECTQ4 19/20
- Record earnings and a ₹2,978 crore order book underpin growth, with SDB execution the key swing factor.PSPPROJECTQ4 18/19
- FY21 pandemic pressure gave way to Q4 recovery and record order-book visibility.PSPPROJECTQ4 20/21
- Revenue grew, margins contracted, and a ₹5,052 crore order book supports FY24 growth.PSPPROJECTQ4 22/23
- Record growth and order visibility, tempered by weaker profit and cash generation.PSPPROJECTQ4 23/24
- Q3 FY25 profit plunged on project delays, but Adani partnership and order book support FY26 growth.PSPPROJECTQ3 24/25
Next PSP Projects earnings date
Q3 26/272 Feb, 2027
PSP Projects
Next PSP Projects earnings date
Q3 26/272 Feb, 2027
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