The low base of the year-ago quarter also magnified the percentage increase in profit, making this one of the company’s strongest year-on-year earnings improvements in recent quarters.
Revenue from operations rose 64.8% year-on-year to ₹853.47 crore in the April-June quarter, compared with ₹517.76 crore a year earlier.
Operating performance improves
The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) more than doubled to ₹54.80 crore from ₹24.79 crore in the year-ago period.
EBITDA margin improved to 6.42% from 4.79%, reflecting stronger operating performance.
The improvement in margins indicates that the company not only executed more projects during the quarter but also earned higher operating profit from every rupee of revenue.
Pre-tax profit rebounds
Profit before tax (before share of profit from joint ventures) stood at ₹28.25 crore, compared with ₹0.73 crore in the corresponding quarter last year.
Meanwhile, total income increased to ₹857.53 crore from ₹521.76 crore.The broad-based improvement across revenue, operating profit and pre-tax earnings points to a stronger execution cycle for the engineering and construction company.
Board approves quarterly results
The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, at its meeting held on July 30.
Shares of PSP Projects were trading 2.40% lower at ₹998.75 on the BSE, despite the strong quarterly performance. The muted market reaction suggests investors may have already priced in the improvement or are awaiting greater clarity on future order inflows and execution.
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