PSP Projects Limited has informed the Exchange regarding 'Chairman s speech delivered at the 17th Annual General Meeting of theCompany'.
PSPPROJECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
PSP Projects' Chairman shared key updates at the 17th AGM, most notably the entry of Adani Infra as a co-promoter with a 34.41% stake, acquired through an open offer and Share Purchase Agreement. The Company closed FY25 with a robust order book of ₹7,266 Cr, after securing its highest-ever order inflow of ₹3,506 Cr across 16 major projects including Adani Medicity and Ahmedabad Airport works. However, FY25 financial performance was weak — revenue grew just 0.23% to ₹2,468 Cr, while EBITDA fell 31.94% to ₹178 Cr and PAT plunged 54.43% to ₹56 Cr, with margins contracting sharply due to stressed-margin projects and execution delays. Management expressed confidence that FY26 will be a stronger year for execution, leveraging the Adani partnership to access new sectors like airports, data centres, and healthcare facilities.
The Adani partnership is a major positive structural development, providing capital, scale, and a pipeline of large projects, which should support long-term growth. However, the sharp decline in profitability and continued margin pressure in FY25 raise near-term concerns; investors should watch FY26 execution closely to see if the strong order book translates into improved margins and earnings recovery.