Slide 1: Revised Investor Presentation cover letter to exchanges
Ref No: PSPPROJECT/SE/54/25-26 October 17, 2025 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 S
Slide 2: Investor Presentation October 2025
INVESTOR PRESENTATION October 2025 1
Slide 3: Table of Contents
Table of Contents PSP Projects: Growth story In a Nutshell A look at the quarter The drivers that transcended PSPs growth since inception Precast Facility: Enhancing capabilities. Exploring newer technologies Investment Rationale Project Profile Key Strategy to strengthen the legacy of trust associa
Slide 4: PSP Projects– Build to Last: Growth story in a Nutshell
PSP Projects– Build to Last: Growth story in a Nutshell 3
Slide 5: 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 39 years of experience As on 30 Sep 2025 FY25 FY24 ▪ India based construction company offering diversified range of construction and allied services across industrial, instit
Slide 6: Corporate Strategic Partnership
Corporate Strategic Partnership Adani Infra has acquired 44,86,193 equity shares through the open offer and also acquired 91,53,779 equity shares as per Share Purchase Agreement (SPA), taking its total holding to 34.41%, and classified as one of the promoter of the Company. Strategically positioned
Slide 7: A Look at the quarter
A Look at the eo quarter ni a
Slide 8: Financial Performance during Q2FY26 & H1FY26
Financial Performance during Q2FY26 & H1FY26 Q2FY26 Standalone Highlights Revenue from Operations (₹ crore) EBIDTA (₹ crore) & EBITDA Margin (%) PAT (₹ crore) & PAT Margin (%) YoY 20% YoY 24% YoY 33% 60 7% 7% 15% 20 8% 2% 13% 2% 7% 50 11% 6% 5% 40 10 0.03% 15 9% 5% 30 4% 7% 11 3% 0.13 5% 20 578 513
Slide 9: Standalone Profit & Loss: Q2FY26 & H1FY26
Standalone Profit & Loss : Q2FY26 & H1FY26 Particulars (₹ Lakhs) Q2FY26 Q2FY25 Y-o-Y Q1FY26 Q-o-Q H1FY26 H1FY25 Y-o-Y Revenue from Operations 69,369.13 57,808.75 20% 51,275.93 35% 1,20,645.06 1,18,997.95 1.38% Cost of materials consumed including WIP 32,272.62 17,559.98 19,006.03 51,278.65 36,796.89
Slide 10: Standalone Balance Sheet
Standalone Balance Sheet Particulars (₹ Lakhs) H1FY26 FY25 FY24 Particulars (₹ Lakhs) H1FY26 FY25 FY24 ASSETS Equity Non current Assets (a) Equity Share Capital 3,964.18 3,964.18 3,600.00 (a) Property, Plant and Equipment 35,818.54 30,576.28 32,075.21 (b) Other Equity 1,18,405.89 1,16,909.55 87,862.
Slide 11: Annual Financial Performance
Annual Financial Performance Revenue from Operations (₹ Crore) EBITDA (₹ Crore) PAT (₹ Crore) #CAGR : 26% #CAGR : 13% #CAGR : 4% 262 161 2,462 2,468 257 225 133 124 1,927 1,749 178 1,241 135 81 1,206 56 73 15 FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1
Slide 12: Business Robustness in Numbers
Business Robustness in Numbers EBITDA / Revenue from Operations Profit After Tax / Revenue from Opearions EBITDA Margin% PAT Margin% 14.7% 11.7% 10.9% 10.6% 9.1% 7.2% 6.8% 6.0% 6.4% 5.0% 2.3% 1.2% FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 11
Slide 13: Working Capital Cycle in Construction Space
Working Capital Cycle in Construction Space 105 102 82 76 78 70 65 65 62 61 54 65 52 47 50 48 49 41 26 29 35 28 17 15 FY21 FY22 FY23 FY24 FY25 H1FY26 Inventory (Days) Receivable (Days) Payable (Days) Working Capital Cycle (Days) Numbers have been rounded off 12
Slide 14: Along with comfortable Leverage Position
Along with comfortable Leverage Position Comfortable leverage at 0.29 times (H1FY26), providing adequate room to raise debt in future. FY21 FY22 FY23 FY24 FY25 H1FY26 Total Debt (₹ crore) 81 100 145 455 272 350 Networth (₹ crore) 538 685 800 915 1,209 1,224 Debt-Equity (x) 0.15 0.15 0.18 0.50 0.22 0
Slide 15: Management Comments
Management Comments • Outstanding order book of Rs.9,883 crore, a YoY growth of 51%. Of the current outstanding order book, Adani projects comprise of We We continue continue to to groworganically grow organically by by 56% and balance are non-Adani projects. focusing on executing focusing projects
Slide 16: Drivers that transcended PSPs growth since inception
Drivers that transcended PSPs growth since inception 15
Slide 17: 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 761 1051 391 031 251 Construction of industrial Construction of buildings for Undertake various challenging Execution of pr
Slide 18: 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 30 Sep 2025 9,883 26% 29% 7,266 6,049 5,052 4,121 4,324 2,978 3,074 2% 43% FY19 FY20 FY21 FY22 FY23 FY24 FY25 H1FY26 Government Industrial Institutional Residentia
Slide 19: 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 20: Clientele with High Quality Business
Clientele with High Quality Business Work on Hand as on 30 Sep 2025 - (Major Projects) | [₹ Crore] Adani Group Description of Project Location Name of the Client Contract value Outstanding Contract Value Residential Project at Mumbai Maharastra Adani Group 1,303 1,293 Airside and Landside Developmen
Slide 21: Leadership and Management
Leadership and Management Prahaladbhai Patel Pooja Patel Sagar Patel Kattunga Srinivasa Rao Girishkumar Singal Achala Patel Swati Mehta Chairman and MD CEO Executive Director Additional Non-Executive Additional Independent Independent Director Independent Director Non Independent Director Director ▪
Slide 22: 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 23: 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 24: Precast Facility
Precast Facility PSP 23
Slide 25: Investment Rationale
Investment Rationale One-stop shop solution With proven track record, Execution capabilities have Comfortable leverage At the helm is an construction company financial discipline, multi grown significantly with position at 0.22 times (incl. Experienced, Skilled and present throughout the vertical pr
Slide 26: Landmark Projects – Surat Diamond Bourse
Landmark Projects – Surat Diamond Bourse 25
Slide 27: Landmark Projects – Kashi Vishwanath Dham
Landmark Projects – Kashi Vishwanath Dham 26
Slide 28: Landmark Projects – Veer Savarkar Sports Complex
Landmark Projects – Veer Savarkar Sports Complex 27
Slide 29: Landmark Projects – Medical College & Hospital project at 7 locations in UP
Landmark Projects – Medical College & Hospital project at 7 locations in UP 28
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 ▪ Nila Vida Residential Mtrs) (Ongoing) – 122 Mtrs ▪ Commercial Bldg - Ozone ▪Brigade Hotel @ GIFT – 68 Mtrs
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 30
Slide 32: Prominent Projects
Prominent Projects Noodle & Chocolate Factory Project In Gujarat Student Activity Centre for Ahmedabad University Hospital Project In Udaipur Rajasthan Interior Fit-out At Leela Hotel, Gandhinagar Zydus Hospital, Baroda Auda Library, Ahmedabad 31
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) 32
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) 33
Slide 35: Prominent Projects
Prominent Projects Government Office Building River Front Development Hospital Project Brigade International Ahmedabad University Government Project Financial Centre At Gift City 34
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 37
Slide 39: Awards and Recognition
Awards and Recognition PSP Projects Ltd has been received Certificate for Golden Books PSP Projects Ltd has been of Work Record - Largest Raft Casting Executed for Religious PSP Projects Ltd has been awarded as 2025 GROHE HURUN INDIA’ – “Pioneer in awarded National Safety Infrastructure infrastructu
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 Realty Plus Excellence Award for our Surat Diamond Construction Company (below 2000 Cr Category) during Bourse Project the Construction World Annual Awards 2021 Ti
Slide 41: Shareholding and Governance
Shareholding and Governance 40
Slide 42: Shareholding and Governance
Shareholding and Governance PROMOTER 68.82% Governance Structure DII 2.11% Sep 2.58% 2025 FII Board of Business Level Project Level Public 26.49% Directors Responsibility Responsibility Audit Departmental NSE Ticker PSPPROJECT BOD Committee Heads BSE Ticker 540544 Share Price (₹)^ 752.10 Market Cap
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 / Arpit Mundra grievance@pspprojects.com krishna.patel2@in.ey.com arpit.mundra@in.ey.com 43