Infra stock jumps after receiving ₹107 Cr order from Brigade Projects Private Limited

The shares of the multidisciplinary construction company gained up to 2 percent after the company bagged a significant work order, Brigade (Gujarat) Projects Private Limited, worth Rs 107 crore.

Price movement

With a market capitalization of Rs 2,541.04 crore, the shares of PSP Projects Ltd were trading at Rs 640.35 per share, increasing around 0.67 percent as compared to the previous closing price of Rs 636.10 apiece.

Reason for rise

The shares of PSP Projects Ltd have seen positive movement after receiving a new Work Order for “Civil Structure and Finishes work for BIFC – 2 Building” for Brigade (Gujarat) Projects Private Limited at GIFT City, Gandhinagar, Gujarat, worth Rs 107.10 Crores (excluding GST) in Institutional Category. The project is to be completed within a period of 24 months.

Financial Growth

Looking forward to the company’s financial performance, revenue decreased by 10 percent from Rs 696.62 crore in Q3FY24 to Rs 623.21 crore in Q3FY25, however, during the same time frame, net profit slipped by 81 percent from Rs 32.52 crore to Rs 6.08 crore.

Also read: Tata Group stock skyrockets 10% after management signals strong growth for FY26

Order Book

As of 9MFY25, the company’s order book stood at  Rs 6,417 crore, marking 44 percent YoY growth, with 55 percent from government and 45 percent from private projects. It secured 10 projects, including the largest residential project in GIFT City, and key developments in Lakshadweep and a Vishram Gruh at Civil Campus.

As of 31 December 2024, there are 58 ongoing projects, 87 percent of projects are based in Gujarat, 6 percent in Karnataka, 4 percent in UP, and 2 percent in Lakshadweep. Till date, the company has completed 233 projects in total since inception, with 82 percent private projects and the balance were Government projects.

Partnership with Adani Infra

The company has partnered with Adani Infra to acquire up to a 30.07 percent stake from the founder promoter. This strategic move is expected to boost visibility for construction orders across Adani Group companies, with management anticipating increased order inflows and significant long-term growth opportunities from the collaboration.

Guidance and Outlook

The company expects FY25 revenue of  Rs 2,500 crore with order inflows of  Rs 3,500 crore. For FY26, revenue is projected at  Rs 4,000 crore, supported by Adani orders and ongoing projects. Margins are anticipated to improve to 9–10 percent, driven by efficient project execution and expanding order pipeline.

Company analysis

PSP Projects Limited provides a wide variety of construction and related services for industrial, institutional, government, and residential projects in India. It offers services throughout the construction value chain, from planning and design to building and post-construction operations.

Written by Abhishek Singh

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