Dilip Buildcon's profit falls 53% despite 17% revenue growth; order book hits record

Résumé détaillé

Dilip Buildcon's second-quarter profit more than halved as operating margins weakened. However, its order book climbed to a record ₹33,081 crore, while management expects project execution to pick up in the second half

Bhopal-based construction and infrastructure company Dilip Buildcon reported a 52.8% year-on-year decline in consolidated net profit to ₹101 crore for the September quarter, compared with ₹214 crore a year earlier.

Revenue from operations rose 16.8% to ₹2,250.4 crore from ₹1,926 crore in the year-ago period. However, earnings before interest, tax, depreciation and amortisation (EBITDA) fell 6.8% to ₹439 crore from ₹471 crore.

EBITDA margin contracted to 19.5% in the second quarter of FY27 from 24.5% in the corresponding quarter last year.

Dilip Buildcon's order book stood at a record ₹33,081 crore as of September 30, 2026, up 19% from ₹27,691 crore at the end of June and 15% from ₹28,830 crore at the end of March.

Roads and highways now account for just 15.6% of the order book, reflecting the company's efforts to diversify its business, it said.

The order book is about 3.6 times the lower end of the company's FY27 standalone revenue guidance of ₹9,107 crore. That guidance implies 30% growth over standalone revenue of ₹7,005 crore in FY26.

The company secured fresh orders worth ₹7,321 crore in the second quarter, taking first-half order inflows to ₹7,589 crore. This represents about 76% of the lower end of its full-year order inflow target of ₹10,000 crore.

Dilip Buildcon said large projects worth about ₹15,000 crore, awarded in the fourth quarter of FY26, were in the mobilisation phase. These projects are expected to start contributing from the third quarter of FY27, supporting a pick-up in engineering, procurement and construction (EPC) activity in the second half.

Revenue from the EPC business stood at ₹1,499 crore in the September quarter, while mining contributed ₹433 crore. Income from infrastructure investment trusts (InvITs) was ₹37 crore on a consolidated basis.

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