{"id":178700,"date":"2026-01-30T15:07:16","date_gmt":"2026-01-30T20:07:16","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178700"},"modified":"2026-01-30T15:10:35","modified_gmt":"2026-01-30T20:10:35","slug":"psp-projects-shares-fall-after-q3-fy26-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/psp-projects-shares-fall-after-q3-fy26-results\/","title":{"rendered":"PSP Projects shares fall after Q3 FY26 results"},"content":{"rendered":"\n

PSP Projects Limited <\/strong>(NSE: PSPPROJECT), an India-based construction and engineering firm, saw its stock trade slightly lower on January 30, 2026, following the release of its third-quarter financial results for the period ended December 31, 2025. The company reported an increase in quarterly revenue and profit, though cumulative nine-month profit declined compared with the prior year.<\/p>\n\n\n\n

PSP Projects reported standalone revenue from operations of \u20b9771.22 crore<\/strong> in Q3 FY26, representing a 24% year-on-year increase<\/strong> and an 11% rise sequentially<\/strong> from the June quarter. Revenue growth was driven by higher project execution across segments.<\/p>\n\n\n\n

On a consolidated basis, revenues also reflected growth over the corresponding quarter in the previous fiscal year. Profit after tax on a standalone basis increased during the quarter, contributing to overall quarterly earnings growth. Consolidated profit showed a significant year-on-year increase in Q3, supported by operating performance and cost management.<\/p>\n\n\n\n

However, consolidated net profit declined compared with the same period a year earlier. While nine-month revenue expanded moderately on a year-on-year basis, the cumulative profit contraction reflected higher expenses and margin pressures across operations.<\/p>\n\n\n\n

Order Book and Operations<\/strong><\/h2>\n\n\n\n

PSP Projects reported a larger outstanding order book as of December 31, 2025, compared with the previous year. The total order book was \u20b99,178 crore<\/strong>, reflecting an increase in secured work and project pipeline. Order inflows for the nine-month period rose significantly relative to the same period in the prior fiscal year, indicating continued demand for the company\u2019s services across construction segments.<\/p>\n\n\n\n

The company completed several projects during Q3 FY26, including infrastructure development works and components of institutional and industrial construction. Enhanced execution activity supported revenue recognition in the quarter and contributed to backlog conversion.<\/p>\n\n\n\n

Operating Performance<\/strong><\/h2>\n\n\n\n

PSP Projects\u2019 EBITDA in Q3 FY26 stood at \u20b951.91 crore<\/strong>, up from the year-ago quarter, with an EBITDA margin around 6.7%<\/strong> on revenue. Operating costs, including materials, construction expenses, and employee benefit costs, rose in absolute terms but remained in line with higher revenue.<\/p>\n\n\n\n

The quarterly profit before tax increased compared with Q3 FY25, supported by higher revenue and moderate control of finance costs. Depreciation and other comprehensive costs were recorded as part of the earnings profile for the period.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Balance Sheet and Cash Flow<\/strong><\/h2>\n\n\n\n

Data disclosed in the investor presentation highlighted the company\u2019s financial position, including working capital deployment and order book funding. PSP Projects completed a qualified institutional placement (QIP) in the prior year to reduce outstanding borrowings, which was reflected in the balance sheet management disclosures.<\/p>\n\n\n\n

Guidance and Outlook<\/strong><\/h2>\n\n\n\n

While the company did not disclose specific future guidance in the earnings presentation, management noted continued focus on project execution and securing new orders. The expanded order book and recent contract wins provide visibility on revenue prospects, according to official disclosures.<\/p>\n\n\n\n

Industry Context<\/strong><\/h2>\n\n\n\n

PSP Projects operates in India\u2019s construction and infrastructure segment, where order inflows and execution rates vary with public and private sector spending. The company\u2019s order book growth aligns with broader industry activity in infrastructure development and urban project execution.<\/p>\n\n\n\n

The company\u2019s quarterly results show a mix of growth in current period revenue and profitability, offset by weaker cumulative profit performance over the nine-month period.<\/p>\n","protected":false},"excerpt":{"rendered":"

PSP Projects Limited (NSE: PSPPROJECT), an India-based construction and engineering firm, saw its stock trade slightly lower on January 30, 2026, following the release of its third-quarter financial results for the period ended December 31, 2025. The company reported an increase in quarterly revenue and profit, though cumulative nine-month profit declined compared with the prior […]<\/p>\n","protected":false},"author":2399,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,392,5],"tags":[11279,9403,15216,15217,15185,10089,8892],"class_list":["post-178700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-earnings","category-latest","tag-engineering-construction","tag-infrastructure","tag-psp","tag-psp-projects","tag-q3fy26-results","tag-quarterly-earnings","tag-real-estate"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":150230,"url":"https:\/\/alphastreet.com\/india\/psp-projects-ltd-q1fy24-32-rise-in-profits\/","url_meta":{"origin":178700,"position":0},"title":"PSP Projects Ltd Q1FY24; 32% rise in Profits","author":"Karan_Singh","date":"July 27, 2023","format":false,"excerpt":"PSP Projects Limited is a construction company incorporated in August 2008 offering a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India. The principal promoter, Mr. Prahalad S. Patel has over three decades of experience in the construction industry.It is also\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-320.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-320.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-320.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-320.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-320.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-320.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179371,"url":"https:\/\/alphastreet.com\/india\/interarch-building-solutions-reports-q3-fy26-results-revenue-crosses-%e2%82%b9522-crore\/","url_meta":{"origin":178700,"position":1},"title":"Interarch Building Solutions Reports Q3 FY26 Results; Revenue Crosses \u20b9522 Crore","author":"Staff Correspondent","date":"February 3, 2026","format":false,"excerpt":"Interarch Building Solutions Limited (NSE:INTERARCH) closed at \u20b92,233.90 on February 3, 2026, marking a 6.61% increase from the previous day's close of \u20b92,095.40, fueled by strong Q3 FY26 results announced on February 2 showing revenue growth of 43.7% year-on-year to \u20b9522.52 crore and net profit up 32.1% to \u20b937.26 crore\u2026","rel":"","context":"In "Other Industries"","block_context":{"text":"Other Industries","link":"https:\/\/alphastreet.com\/india\/category\/other-industries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":178112,"url":"https:\/\/alphastreet.com\/india\/kp-energy-limited-q3-fy26-results-execution-momentum-drives-revenue-and-profit-growth\/","url_meta":{"origin":178700,"position":2},"title":"KP Energy Limited Q3 FY26 Results: Execution Momentum Drives Revenue and Profit Growth","author":"Staff Correspondent","date":"January 28, 2026","format":false,"excerpt":"KP Energy Limited (NSE: KPEL) reported a strong operational performance in the third quarter of FY26, supported by higher execution in wind balance-of-plant and related infrastructure activities. Financial Highlights Revenue from operations rose 63% year on year to \u20b9345 crore in Q3 FY26, compared with \u20b9212 crore in Q3 FY25.\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":180853,"url":"https:\/\/alphastreet.com\/india\/ems-ltd-reports-higher-nine-month-profit-amid-infrastructure-execution-growth-in-q3-fy26\/","url_meta":{"origin":178700,"position":3},"title":"EMS Ltd reports higher nine-month profit amid infrastructure execution growth in Q3 FY26","author":"Staff Correspondent","date":"February 15, 2026","format":false,"excerpt":"EMS Ltd (BSE: 543983 \/ NSE: EMSLIMITED) reported higher profitability for the nine months ended December 31, 2025, supported by continued execution across infrastructure and water management projects, while quarterly earnings moderated sequentially due to project mix and cost movements. For Q3 FY26, consolidated revenue from operations stood at \u20b920,035\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179436,"url":"https:\/\/alphastreet.com\/india\/saregama-india-ltd-shares-fall-as-q3-fy26-revenue-and-profit-decline\/","url_meta":{"origin":178700,"position":4},"title":"Saregama India Ltd Shares Fall as Q3 FY26 Revenue and Profit Decline","author":"Staff Correspondent","date":"February 3, 2026","format":false,"excerpt":"Saregama India Limited (SAREGAMA.NS) shares closed at \u20b9328.00 on the National Stock Exchange on Tuesday, down about 0.49% on the day, with the company\u2019s market capitalization at approximately \u20b96,305 crore at the close of trading. Saregama reported third-quarter fiscal 2026 earnings for the period ended Dec. 31, 2025, showing declines\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179621,"url":"https:\/\/alphastreet.com\/india\/harsha-engineers-international-limited-q3-fy26-results-show-revenue-and-profit-growth\/","url_meta":{"origin":178700,"position":5},"title":"Harsha Engineers International Limited Q3 FY26 Results Show Revenue and Profit Growth","author":"Staff Correspondent","date":"February 5, 2026","format":false,"excerpt":"Harsha Engineers International Limited (NSE: HARSHA, BSE: 543600) reported unaudited financial results for the third quarter and nine months ended December 31, 2025, showing continued year-on-year revenue and profit growth driven by demand across engineering and solar business segments. The Ahmedabad-based precision engineering company said consolidated revenue from operations for\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2399"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=178700"}],"version-history":[{"count":4,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178700\/revisions"}],"predecessor-version":[{"id":178705,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178700\/revisions\/178705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=178700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=178700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=178700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}