Execution Delays on Large Projects
Projects in Mumbai face delays due to land clearance and foundation issues, which could impact revenue recognition.
medium · management_commentary
PSP Projects Limited — Q4 FY26
PSP Projects delivered a stellar Q4 FY26 with revenue surging 66% YoY to ₹1,115 crore, driven by accelerated execution across institutional, industrial, and government projects.
bullish
high
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Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Further Provisions on Kashi Project
The Kashi project has ₹60 crore of unbilled revenue and ₹40 crore in receivables; further ECL provisions may be required if payments are delayed.
high · analyst_questionConcentration Risk from Adani Group
85% of order inflow in FY26 came from Adani group; any slowdown in their capex could impact order book replenishment.
medium · data_observationMargin Pressure from Competitive Bidding
Management's margin guidance of 7-8% is lower than historical levels of 10-12%, indicating potential pricing pressure.
medium · analyst_question