Analysts/Institutional Investor Meet/Con. Call Updates

Ref No: PSPPROJECT/SE/42/26-27 November 07, 2026 Corporate Relations Department Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P.J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai- 400 001 Bandra (East), Mumbai – 400 051 Scrip code: 540544 Scrip Symbol: PSPPROJECT Dear Sir/Madam, Subject: Transcript of Earnings Conference Call – Q2FY27 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of transcript of Q2FY27 Earnings Conference Call held on Monday, November 02, 2026. This is for your information and record. Thanking You, Yours faithfully, For, PSP Projects Limited Pooja Dhruve Company Secretary and Compliance Officer Membership No.: A48396 Encl: As Above PSP Corporate House, “Ninety”, Anand Niketan School Lane, Behind L. J. University, Sanand-Sarkhej Road, Ahmedabad – 382210, Gujarat, India. Phone: 079 69360001 | info@pspprojects.com | www.pspprojects.com | CIN: L45201GJ2008PLC054868 “PSP Projects Limited Q2 FY27 Earnings Conference Call” November 02, 2026 MANAGEMENT: MR. PRAHALADBHAI PATEL – CHAIRMAN AND MANAGING DIRECTOR MS. POOJA PATEL – CHIEF EXECUTIVE OFFICER MS. HETAL PATEL – CHIEF FINANCIAL OFFICER MODERATOR: MS. KRISHNA PATEL – ERNST & YOUNG Page 1 of 15 PSP Projects Limited November 02, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the PSP Projects Q2 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Krishna Patel. Thank you, and over to you, ma'am. Krishna Patel: Thank you, Avirat, and good evening, everyone. Welcome you all to PSP Projects Limited Q2 FY27 and H1 FY27 Earnings Conference Call. To take us through the results and to answer your questions, we have with us the management of PSP Projects represented by Mr. Prahaladbhai Patel, the Chairman and Managing Director; Ms. Pooja Patel, the Chief Executive Officer; and Ms. Hetal Patel, the Chief Financial Officer. Please note that the discussions that we may have today will contain certain forward-looking statements relating to future events and future performance. Numerous factors could cause the actual results to differ materially from those in the forward-looking statements. Now I would like to hand over the call to Ms. Pooja Patel, the CEO, for her opening comments. Thank you, and over to you, Pooja. Pooja Patel: Thank you, Krishna, for the introduction. Good evening, everyone, and thank you for joining us today to discuss our financial and operational performance for the second quarter and half year ending September 30, 2026. We concluded the Board meeting earlier today. I am pleased to share that PSP Projects delivered its highest ever quarter and half yearly revenue. Revenue from operations stood at INR1,113 crores in Q2 FY27, registering growth of 58% year- on-year, while H1 FY27 revenue increased by 61% year-on-year to INR1,967 crores. This performance was supported by healthy execution across our project portfolio and improved availability of labor and other execution resources. During Q2 FY27, EBITDA increased by 38% year-on-year to INR69 crores, while profit after tax increased by 87% to INR30 crores. For H1FY27 EBITDA grew by 66% year-on-year to INR124 crores and profit after tax increased by 193% to INR48 crores. H1 FY27 EBITDA margin stood at 6.30% compared to 6.12% in H1 FY26. As of 30th September 2026, outstanding order book stood at INR12,872 crores, 30% year-on-year growth, providing a healthy multiyear revenue visibility. Of the total order book within group projects account for approximately 72% (INR9,229) crores, while external projects contribute the remaining 28%. Page 2 of 15 PSP Projects Limited November 02, 2026 During H1FY27, we secured order inflow of approximately INR1,305 crores, including INR675 crores during the second quarter. The Q2 additions comprised projects across health care, airport infrastructure, office building, refurbishment and steel accommodation from Adani Group. During the quarter, we completed an important landmark project, Project Ninety, which demonstrates the speed and scalability of our precast capability. The project comprises 3 basement level, a ground floor and 18 upper floors and the RCC structure was completed in only 121 days, making it one of the fastest precast high-rise projects executed in Gujarat. As part of Project Ninety, we also completed our new PSP corporate house located adjacent to Project Ninety in 240 days, including MEP and interior fit-out work. This project demonstrates how precast technology can enable faster execution, consistent quality, improved precision and more efficient deployment of labor and resources. Given the demand visible across building and infrastructure projects, we are progressing with capacity enhancement at our precast facility. I am also pleased to share that we will commence operations of our new corporate house on November 4, 2026. During the quarter, overall, the company successfully completed 17 projects, of which major completed projects in addition to Project Ninety are: ► Precast Concrete Cable ducts Project and Supply of Noise barrier for National High- Speed Rail Corporation Limited for L&T In Gujarat ► Service order for SITC of Civil, Structural, façade, Interiors and MEP Work for Navbharat Mega Developers Private Limited Out of the current order book, please make note of key projects and their outstanding contract value: Shree Ambaji Mata Temple INR931 crores. We have started work on the all front that is general development work that is cutting and all filling and building work which are on differed level that is on foundation and on plinth level.  For SMC high-rise building INR613 crores. As you all know, RCC work is already completed. MEP work is completed till 15th floor. Interior works is going on from first to fifth floor and facade work is going on from 5th to 10th floor.  Construction of Fintech Building at GIFT City, Gujarat INR251 crores  Human and Biological Science Gallery at Science City, INR238 crores. Major work of RCC and fabrication is already done and soon we will be starting MEP work in that project.  Building biggest residential project in GIFT City, INR187 crores.  We have completed all RCC work up to ground floor for this particular project and are executing at third level, first level and second level for different buildins that is block A, B, C, D.  Development of Dharoi Dam region INR171 crores.  Sabarmati Riverfront Development Phase 2 which is INR155 crores. Page 3 of 15 PSP Projects Limited November 02, 2026 Update on RVNL project. Out of 3 buildings we have successfully handed over 2 building which is lab and lab building. In our hostel building we are currently doing flooring work, MEP work, interior work and facade work. The current bid pipeline is INR7,800 plus crores with 52% group projects and 48% external projects. To conclude, based on the execution achieved during H1 FY27, the strength of our order book and the progress of our key projects, we remain on track to achieve our stated guidance of approximately 25% year-on-year revenue growth in FY25. Our priorities for the second half will remain disciplined project execution, timely delivery, cost control, working capital management and the selective purchase of new orders. With this, I will now hand over the call to Hetal ma'am to share the financials in further detail. Hetal Patel: Thank you, Pooja. Good afternoon, everyone. We'll brief about the consolidated financial performance for the quarter ended September 30, 2026, Q2FY27 versus Q2FY26. Revenue from oper [Showing first 8,000 characters — download PDF for full document]