Construction : Q1FY26 Quarterly Results Review by Choice Institutional Equities

2025-10-17 11:54:21 am | Source: Choice Institutional Equities

Construction : Q1FY26 Quarterly Results Review by Choice Institutional Equities

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Delay in execution lead to subdued results: PSP Projects (PSPPL) reported Q1FY26 consolidated revenue de-growth was 17% YoY and 23% QoQ. EBITDA declined 66% YoY and 23% QoQ due to one offs. Adjusted EBITDA margin came in at 9.7% (excluding one-time expenses related to UP projects), which the company stated reflects the underlying operational strength of the core business and is in line with their margin guidance. Order inflow came in at INR 8.5Bn.

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Construction : Q1FY26 Quarterly Results Review by Choice Institutional Equities

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