Adani Group stock jumps 6% after announcing a 253% YoY increase in net profit

Synopsis: PSP Projects Limited reports 28.97% YoY revenue growth and a 253.07% YoY net profit surge in Q3 FY26 results.

This Adani Group stock, engaged in multidisciplinary construction services, including civil works, MEP systems, interior fit-outs, building renovation, and allied activities across projects nationwide, jumped 6.06 percent after the company reported strong December quarterly results with a 253.07 percent YoY increase in net profit.

With a market capitalization of Rs. 2,990.97 crores, the share of PSP Projects Limited has reached an intraday high of Rs. 803.95 per equity share, rising nearly 6.06 percent from its previous day’s close price of Rs. 758. Since then, the stock has retreated and is currently trading at Rs. 754.50 per equity share. 

Q3 FY26 Result

Coming into the quarterly results of PSP Projects Limited, the company’s consolidated revenue from operations increased by 28.97 percent YOY, from Rs. 630.21 crore in Q3 FY25 to Rs. 812.79 crore in Q3 FY26, and grew by 15.64 percent QoQ from Rs. 702.87 crore in Q2 FY26.

In Q3 FY26, PSP Projects Limited’s consolidated net profit increased by 253.07 percent YOY, reaching Rs.17.83 crore compared to Rs. 5.05 crore during the same period last year. As compared to Q2 FY26, the net profit has increased by 10.33 percent, from Rs. 16.16 crore.

The basic earnings per share increased by 253.91 percent and stood at Rs. 4.53 as against Rs. 1.28 recorded in the same quarter in the previous year, FY2025. PSP Projects Limited’s revenue has grown at a CAGR of 10.49 percent over the last five years.

In terms of return ratios, the company’s ROCE and ROE stand at 8.70 percent and 5.40 percent, respectively. PSP Projects Limited has an earnings per share (EPS) of Rs. 9.10, and its debt-to-equity ratio is 0.30x.

Order Book

PSP Projects Limited has executed 253 projects, with 67 projects currently under execution, highlighting strong execution capabilities. During 9MFY26, the company reported an order book of around Rs. 9,178 crore, providing healthy revenue visibility.

As of 31 December 2025, the order book is well diversified, with industrial projects contributing 3 percent, government projects 27 percent, residential projects 25 percent, and institutional projects 45 percent, reducing concentration risk and supporting stable long-term growth.

Client Base

PSP Projects Limited has a strong and diversified client base spanning corporates, institutions, and infrastructure developers. Its clients include Adani Group, Reliance Industries, The Coca-Cola Company, Nestlé, Zydus Cadila, Torrent Group, Brigade Group, Maruti Suzuki Foundation, and reputed institutions such as IIMs, CEPT University, Ahmedabad University, and Surat Diamond Bourse, reflecting credibility and execution strength.

PSP Projects Limited is a leading multidisciplinary construction company based in Ahmedabad, delivering end-to-end solutions across industrial, institutional, government, residential, and urban projects throughout India. It handles everything from planning and design to civil works, MEP services, interiors, facades, and post-construction support for private and public clients. 

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