Dilip Buildcon Q1 Results: Profit Soars 92% Despite Fall In Revenue
Margin expands to 19.9% versus 15.3% in the same period last year.
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Dilip Buildcon Ltd.'s consolidated net profit jumped 92% in the quarter ended June of the current financial year.
The company's bottom line surged to Rs 228.97 crore in the first quarter from Rs 119.5 crore in the same period last year, according to an exchange filing on Tuesday.
Dilip Buildcon Q1 Highlights (Consolidated, YoY)
Revenue down 16.4% to Rs 2,620.3 crore versus Rs 3,134.2 crore.
Net profit up 92% to Rs 228.97 crore versus Rs 119.5 crore.
Ebitda up 9% to Rs 520.5 crore versus Rs 478 crore.
Margin expands to 19.9% versus 15.3%.
DBL's net order book stood at Rs 13,695 crore for the quarter ended June 30 and 17.81% of the order book includes roads and highways projects, while mining projects constitute 28.86%.
Irrigation works accounted for 21.83%, tunnel projects at 12.83%, water supply initiatives contributing 4.26%, optical fiber infrastructure at 7.04%, special bridges and urban development projects making up 5.28%, and metro-related assignments representing 2.09%.
“Our EPC business is witnessing industry headwinds due to the muted ordering activity across the infrastructure vertical," Chief Executive Officer Devendra Jain said.
"We are very much optimistic on securing a decent quantum of order in the coming quarters. Post that, all of our three growth engines will be in accelerated mode," Jain added.
Shares of Dilip Buildcon closed 2.02% higher at Rs 472.25 apiece on the BSE, compared to a 0.55% rise in the benchmark Sensex.
