Slide 1: Investor Presentation May 2025
INVESTOR PRESENTATION MAY 2025 1
Slide 2: Table of Contents
Table of Contents PSP Projects: Growth story In a Nutshell Investment Rationale A look at the quarter gone by Project Profile Indian Construction Industry Key Strategy to strengthen the legacy of trust associated with PSP Brand going forward The drivers that transcended PSPs growth since inception A
Slide 3: PSP Projects – Build to Last: Growth story in a Nutshell
PSP Projects– Build to Last: Growth story in a Nutshell 3
Slide 4: PSP Projects – Build to Last: Growth story in a Nutshell
PSP Projects– Build to Last: Growth story in a Nutshell ▪ Incorporated in 2008, led by First Generation Civil engineer having 37 years of experience FY25 FY24 FY23 ▪ India based construction company offering diversified range of construction and allied services across industrial, institutional, gove
Slide 5: Corporate Strategic Partnership
Corporate Strategic Partnership Adani Infra plans to acquire 30.07% promoter stake in PSP Projects Strategically positioned to emerge as Expects a strong influx of orders from a leading EPC player in India, Promoters divest 30.07% the Adani Group in the near future bolstered by the nation's continuo
Slide 6: A Look at the quarter & full year
A Look at the quarter & full year 6
Slide 7: Financial Performance during Q4 & FY25
Financial Performance during Q4 & FY25 Q4FY25 Standalone Highlights Revenue from Operations (₹ crore) EBIDTA (₹ crore) & EBITDA Margin (%) PAT (₹ crore) & PAT Margin (%) YoY 1% YoY -41% YoY -68% 60 8% 15% 5% 20 8% 13% 2% 50 6% 11% 40 9% 10 3% 30 1% 7% 1% 5% 20 649 623 655 52 35 30 15 6 3% 5 10 - -2%
Slide 8: Standalone Profit & Loss: Q4 & FY25
Standalone Profit & Loss : Q4 & FY25 Particulars (₹ Lakhs) Q4FY25 Q4FY24 Y-o-Y Q3FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue from Operations 65,509.12 64,917.00 1% 62,320.94 5% 2,46,828.01 2,46,249.80 0.23% Cost of materials consumed including WIP 21,330.31 15,753.73 22,484.64 80,611.84 76,642.31 Constructio
Slide 9: Standalone Balance Sheet
Standalone Balance Sheet Particulars (₹ Lakhs) FY25 FY24 FY23 Particulars (₹ Lakhs) FY25 FY24 FY23 ASSETS Equity Non current Assets (a) Equity Share Capital 3,964.18 3,600.00 3,600.00 (a) Property, Plant and Equipment 30,576.28 32,075.21 23,840.57 (b) Other Equity 1,16,909.55 87,862.92 76,382.54 (b)
Slide 10: Annual Financial Performance
Annual Financial Performance Revenue from Operations (₹ Crore) EBITDA (₹ Crore) PAT (₹ Crore) #CAGR : 26% #CAGR : 13% #CAGR : 4% 262 161 2,462 2,468 257 225 129 133 124 1,927 191 1,749 178 1,499 1,241 135 81 56 FY20 FY21 FY22 FY23 FY24 9MFY25 FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY
Slide 11: Business Robustness in Numbers
Business Robustness in Numbers EBITDA / Revenue from Operations Profit After Tax / Total Revenue EBITDA Margin% PAT Margin% 14.7% 12.7% 11.7% 10.9% 10.6% 9.1% 8.5% 7.2% 6.8% 6.4% 5.0% 2.3% FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 11
Slide 12: Working Capital Cycle in Construction Space
Working Capital Cycle in Construction Space 82 76 78 70 65 65 62 61 55 55 53 65 54 50 50 48 47 41 29 35 26 24 26 26 28 21 17 15 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Inventory (Days) Receivable (Days) Payable (Days) Working Capital Cycle (Days) Numbers have been rounded off 12
Slide 13: Along with comfortable Leverage Position
Along with comfortable Leverage Position Comfortable leverage at 0.22 times (FY25), providing adequate room to raise debt in future. FY21 FY22 FY23 FY24 FY25 Total Debt (₹ crore) 81 100 145 455 272 Networth (₹ crore) 538 685 800 915 1,209 Debt-Equity (x) 0.15 0.15 0.18 0.50 0.22 Particulars (₹ Crore
Slide 14: Management Comments
Management Comments • PSP Projects recorded highest ever outstanding order book of Rs.7,266 crore, a YoY growth of 20% as on FY25 We We continue continue to to groworganically grow organically by by focusing on executing focusing projects on executing in a timely projects in a • Highest ever order i
Slide 15: Indian Construction Industry
Indian Construction Industry 15
Slide 16: An Important growth driver of India's Economy
An Important growth driver of India’s Economy Growth Drivers Government Initiatives 27.2% ▪ Government Policies and Initiatives: Government policies and initiatives play a ▪ The 2023-24 budget by the government highlights the impetus for Industrial Construction pivotal role in driving industrial con
Slide 17: Drivers that transcended PSPs growth since inception
Drivers that transcended PSPs growth since inception 17
Slide 18: Hybrid Approach with presence in Private and Public projects
Hybrid Approach with presence in Private and Public projects Industrial Institutional Government Government Residential Projects Projects Projects Residential Projects Projects 691 1011 381 031 241 Construction of industrial Construction of buildings for Undertake various challenging Execution of pr
Slide 19: Growing Order Book and Pre-Qualification Credentials
Growing Order Book and Pre-Qualification Credentials Growing Order Book1 (₹ crore) Work on hand across Private and Public Projects As on 9MFY25 7,266 8% 6,049 5,052 4,324 4,121 43% 2,978 3,074 43% 6% FY19 FY20 FY21 FY22 FY23 FY24 FY25 Government Industrial Institutional Residential 1. Numbers have b
Slide 20: Belief, Trust and Support of Customers
Belief, Trust and Support of Customers Proven Track Record Ethics & Trust Biggest Project In delivering projects on-time and quality ▪ Strong work Ethics makes PSP a favourable and Surat Diamond Bourse projects, the faith and confidence rested by the preferred choice clients can be assessed by estee
Slide 21: Clientele with High Quality Business
Clientele with High Quality Business Work on Hand as on 31 March 2025 - (Major Projects) | [₹ Crore] Description of Project Location Name of the Client Contract value Outstanding Contract Value SMC Highrise building Gujarat Municipal Corporation 1,353 960 Gati Shakti Vishwavidyalaya Gujarat Rail Vik
Slide 22: Leadership and Management
Leadership and Management Prahaladbhai Patel Pooja Patel Sagar Patel Vasishtha Patel Achala Patel Swati Mehta Chairman, MD and CEO Whole Time Director Executive Director Independent Director Independent Director Independent Director ▪ Bachelor’s degree in civil ▪ Bachelor’s degree in civil ▪ Bachelo
Slide 23: 16 years of journey of Constructing Buildings
16 years of journey of Constructing Buildings Awarded 7 In Jan.2023, PSP Medical College was awarded an & Hospitals on order of ₹ 1,344 EPC Basis in UP crore from SMC for SAP PSP Projects construction of Implementation Listed on NSE & tallest 1st Order inside BSE administrative the first Smart Commi
Slide 24: Precast Facility - Enhancing captive capabilities. Exploring newer technologies
Precast Facility - Enhancing captive capabilities. Exploring newer technologies A state-of-the-art manufacturing plant of precast concrete building. ▪ Precast enables manufacturing all elements of building and Offsite Modular infrastructure industry, such as Beams, Columns, Slabs, Load Bearing Const
Slide 25: Precast Facility
Precast Facility PSP 25
Slide 26: Investment Rationale
Investment Rationale One-stop shop solution With proven track record, Execution capabilities have Prudent financial At the helm is an construction company financial discipline, multi grown significantly with performance, Comfortable Experienced, Skilled and present throughout the vertical presence,
Slide 27: Landmark Projects – Surat Diamond Bourse
Landmark Projects – Surat Diamond Bourse 27
Slide 28: Landmark Projects – Kashi Vishwanath Dham
Landmark Projects – Kashi Vishwanath Dham 28
Slide 29: Landmark Projects – Medical College & Hospital project at 7 locations in UP
Landmark Projects – Medical College & Hospital project at 7 locations in UP 29
Slide 30: Prominent Projects – Smart City
Prominent Projects – Smart City Completed Projects: Ongoing Projects: Prominent Projects – Smart City ▪World Trade Center (117 Mtrs) ▪ SIBAN @ GIFT (Ongoing) – 122 Mtrs ▪BSE Brokers Forum (80 Mtrs) ▪ Nila Vida Residential (Ongoing) – 122 Mtrs ▪Brigade Hotel ▪ Commercial Bldg - Ozone ▪Prestige Fintec
Slide 31: Project Profile
Project Profile Prominent Projects Completed Palladium Mall, Ahmedabad Bse Broker's Forum At Gift Astral House Wagh Bakri Plant Indian Institute Of Management Ahmedabad Indian Potash House 31
Slide 32: Prominent Projects
Prominent Projects Noodle Factory Project In Gujarat Sports Complex For Ahmedabad University Hospital Project In Udaipur Rajasthan Interior Fit-out At Leela Hotel, Gandhinagar Zydus Hospital, Baroda Auda Library, Ahmedabad 32
Slide 33: Prominent Projects
Prominent Projects Zydus Hospital Sitapur (Epc Project) Cliantha Research in Ahmedabad Medical College & Hospital At Dahod Beautification Of Ahmedabad C.G.Road R&d And Research Centers In Gujarat (Epc Project) 33
Slide 34: Prominent Projects
Prominent Projects Commercial Building At Gift City Zydus Corporate House At Ahmedabad Puniska Healthcare Plant Bangalore Milk Union Dairy Plant At Kanakpura, Grand Mercury Hotel At Gift City Medical College And Hospital For Karnataka For Brigade Group Dharamsingh Desai University (Ddu) 34
Slide 35: Prominent Projects
Prominent Projects Government Office Building River Front Development Hospital Project Brigade International IIM Ahmedabad Government Project Financial Centre At Gift City 35
Slide 36: Key Strategies
ee: jaa Key Strategies
Slide 37: Key Strategies
Key Strategies Focus on Building Strengthen our human Leverage our position Expand our Enhance our project Augment customer construction capital as a fast-growing geographical execution capabilities relationships and (commercial, residential, construction company footprint, projects in – In Sync wit
Slide 38: Awards and Recognition
Awards and Recognition 38
Slide 39: Awards and Recognition
Awards and Recognition PSP Projects Ltd has been awarded as Fastest Growing PSP Projects Ltd has been PSP Projects Ltd has been awarded as 2025 GROHE HURUN INDIA’ – “Pioneer in Construction Company (below 2000 Cr Category) during awarded National Safety infrastructure development and engineering” by
Slide 40: Awards and Recognition
Awards and Recognition An award for the ‘Best Commercial Project of Gujarat’ by PSP Projects Ltd has been awarded as 2nd Fastest Growing Patidar Udhyog Ratna Award by Realty Plus Excellence Award for our Surat Diamond Construction Company (below 2000 Cr Category) during Sardardham 2020 Bourse Projec
Slide 41: Shareholding and Governance
Shareholding and Governance 41
Slide 42: Shareholding and Governance
Shareholding and Governance PROMOTER 60.14% Governance Structure DII 7.99% March 7.82% 2025 FII Board of Business Level Project Level Public 24.05% Directors Responsibility Responsibility Audit Departmental NSE Ticker PSPPROJECT BOD Committee Heads BSE Ticker 540544 Share Price (₹)^ 633.10 Market Ca
Slide 43: Safe Harbor Statement
Safe Harbor Statement This document does not constitute or form part of and should not be construed as an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or its joint ventures or affiliates in any jurisdiction or as an ind
Slide 44: Thank You
Thank You PSP Projects Limited Ernst & Young LLP Hetal Patel Krishna Patel / Vikash Verma grievance@pspprojects.com krishna.patel2@in.ey.com vikash.verma1@in.ey.com 44