Dilip Buildcon Ltd

Dilip Buildcon through DBL-RBL (JV) has received letter of award (LOA) from Narmada Water Resources Water Supply & Kalpasar Department, Government of Gujarat for the project 'Designing and Construction of Ged Barrage, Protection work & Other allied activities across Sabarmati River between Hirpura barrage & Lakroda weir', on EPC mode order worth Rs. 268 crore.

However, revenue from operations fell 25.71% year on year (YoY) to Rs 2,299.80 crore in Q4 FY26. Profit before tax was at Rs 153.08 in Q4 FY26, down 56.29% as against Rs 350.23 crore in Q4 FY25. EBITDA (excluding other income) stood at Rs 392 crore in Q4 FY26, down 40.70%, compared with Rs 661 crore in Q4 FY25. EBITDA margin stood at 17.04% in Q4 FY26 as against 21.35% in Q4 FY25. Revenue from the engineering, procurement, and construction (EPC) segment declined by 42.85% to Rs 1,444.26 crore in Q4 FY26, compared to Rs 2,527.14 crore in the corresponding quarter of the previous year. In contrast, revenue from the Annuity Projects & Others segment increased by 50.36% YoY, reaching Rs 855.53 crore in Q4 FY26. The company's consolidated net debt stood at Rs 7,244 crore as of 31st March 2026. Dilip Buildcon's order book touched an all-time high of Rs 28,830 crore as of March 31, 2026, providing strong revenue visibility for the company over the coming years. Dilip Suryavanshi, Chairman and Managing Director, Dilip Buildcon, said, 'For over three decades, we have been building infrastructure across India and have navigated multiple industry cycles, including geopolitical disruptions, commodity volatility, election-year slowdowns and global macroeconomic uncertainties. Q4 FY26 reflected some of the external challenges. However, these developments also reinforce the importance of the strategic transition we had already initiated through DBL 2.0, which was conceptualized well before the current phase of geopolitical concerns. Over time, the Company aims to build a portfolio where a substantial share of profitability is driven by contracted assets with 25' 50 year lifespans, strengthening the long-term sustainability of the business.' Devendra Jain, CEO, Dilip Buildcon, said: 'Q4 FY26 performance remained in line with our expectations amid slower industry-wide order awarding activity. Margins during the quarter were impacted by elevated input costs and lower asset utilization. However, we believe these pressures are temporary in nature. During FY26, the Company continued to strengthen its order book and further diversify across mining and infrastructure asset businesses'. Rohan Suryavanshi, Head- Strategy and Planning said: 'Our debt profile remains largely asset-backed and project-linked in nature, supported by long-term infrastructure assets and cash-generating businesses. Over the medium term, the Company remains focused on strengthening its balance sheet through operating cash flows from EPC business, mining operations, InvIT distributions and disciplined capital allocation. DBL 2.0 is aimed at gradually creating a more balanced infrastructure model where longduration contracted assets complement the EPC business and contribute meaningfully to long-term profitability, cash-flow visibility and return ratios.' On its Outlook, Dilip Buildcon said it will continue to focus on reducing debt and aims to become nearly net debt-free over the medium term. The company also plans to strengthen its mining business as a key cash-flow driver, while building recurring income streams through selective expansion of its PPP assets and InvIT portfolio. It added that maintaining capital expenditure discipline will remain a priority. The board of directors has recommended a final dividend of Re 1 per equity share (10%) for the financial year ended March 31, 2026, subject to shareholders' approval at the ensuing Annual General Meeting (AGM). Dilip Buildcon ('DBL') is a diversified infrastructure Company with over three decades of execution experience across large-scale infrastructure development projects in India. The Company is present across 20 states and 1 Union Territory, supported by a workforce of 20,581 employees and a fleet of over 10,275 equipment units.Powered by Capital Market - Live

Net profit of Dilip Buildcon declined 63.68% to Rs 62.05 crore in the quarter ended March 2026 as against Rs 170.83 crore during the previous quarter ended March 2025. Sales declined 25.72% to Rs 2299.81 crore in the quarter ended March 2026 as against Rs 3096.10 crore during the previous quarter ended March 2025. ParticularsQuarter EndedMar. 2026Mar. 2025% Var. Sales2299.813096.10 -26 OPM %17.0621.35 - PBDT217.19401.28 -46 PBT149.47314.25 -52 NP62.05170.83 -64 Powered by Capital Market - Live

However, revenue from operations fell 25.71% year on year (YoY) to Rs 2,299.80 crore in Q4 FY26. Profit before tax was at Rs 153.08 in Q4 FY26, down 56.29% as against Rs 350.23 crore in Q4 FY25. EBITDA (excluding other income) stood at Rs 392 crore in Q4 FY26, down 40.70%, compared with Rs 661 crore in Q4 FY25. EBITDA margin stood at 17.04% in Q4 FY26 as against 21.35% in Q4 FY25. Revenue from the engineering, procurement, and construction (EPC) segment declined by 42.85% to Rs 1,444.26 crore in Q4 FY26, compared to Rs 2,527.14 crore in the corresponding quarter of the previous year. In contrast, revenue from the Annuity Projects & Others segment increased by 50.36% YoY, reaching Rs 855.53 crore in Q4 FY26. The company's consolidated net debt stood at Rs 7,244 crore as of 31st March 2026. Dilip Buildcon's order book touched an all-time high of Rs 28,830 crore as of March 31, 2026, providing strong revenue visibility for the company over the coming years. Dilip Suryavanshi, Chairman and Managing Director, Dilip Buildcon, said, 'For over three decades, we have been building infrastructure across India and have navigated multiple industry cycles, including geopolitical disruptions, commodity volatility, election-year slowdowns and global macroeconomic uncertainties. Q4 FY26 reflected some of the external challenges. However, these developments also reinforce the importance of the strategic transition we had already initiated through DBL 2.0, which was conceptualized well before the current phase of geopolitical concerns. Over time, the Company aims to build a portfolio where a substantial share of profitability is driven by contracted assets with 25' 50 year lifespans, strengthening the long-term sustainability of the business.' Devendra Jain, CEO, Dilip Buildcon, said: 'Q4 FY26 performance remained in line with our expectations amid slower industry-wide order awarding activity. Margins during the quarter were impacted by elevated input costs and lower asset utilization. However, we believe these pressures are temporary in nature. During FY26, the Company continued to strengthen its order book and further diversify across mining and infrastructure asset businesses'. Rohan Suryavanshi, Head- Strategy and Planning said: 'Our debt profile remains largely asset-backed and project-linked in nature, supported by long-term infrastructure assets and cash-generating businesses. Over the medium term, the Company remains focused on strengthening its balance sheet through operating cash flows from EPC business, mining operations, InvIT distributions and disciplined capital allocation. DBL 2.0 is aimed at gradually creating a more balanced infrastructure model where longduration contracted assets complement the EPC business and contribute meaningfully to long-term profitability, cash-flow visibility and return ratios.' On its Outlook, Dilip Buildcon said it will continue to focus on reducing debt and aims to become nearly net debt-free over the medium term. The company also plans to strengthen its mining business as a key cash-flow driver, while building recurring income streams through selective expansion of its PPP assets and InvIT portfolio. It added that maintaining capital expenditure discipline will remain a priority. The board of directors has recommended a final dividend of Re 1 per equity share (10%) for the financial year ended March 31, 2026, subject to shareholders' approval at the ensuing Annual General Meeting (AGM). Dilip Buildcon ('DBL') is a diversified infrastructure Company with over three decades of execution experience across large-scale infrastructure development projects in India. The Company is present across 20 states and 1 Union Territory, supported by a workforce of 20,581 employees and a fleet of over 10,275 equipment units. Shares of Dilip Buildcon shed 0.16% to end at Rs 474.10 on the BSE. Powered by Capital Market - Live

Dilip Buildcon announced that the Board of Directors of the Company at its meeting held on 14 May 2026, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

Dilip Buildcon will hold a meeting of the Board of Directors of the Company on 14 May 2026.

The project, to be executed in a joint venture with RBL (DBL-RBL JV), involves designing and constructing the Ged barrage, along with protection and allied works, across the Sabarmati River between Hirpura barrage and Lakroda weir in the Sabarkantha district. The contract will be executed under the engineering, procurement, and construction (EPC) mode, with a completion timeline of 24 months, the company said in an exchange filing. The scope of the project also includes operation and maintenance for a period of 10 years. Dilip Buildcon clarified that the awarding authority is a domestic government entity and the project does not fall under related-party transactions. Dilip Buildcon is presently in the business of developing infrastructure facilities on an engineering, procurement, and construction (EPC) basis and undertakes contracts from various government and other parties and special purpose vehicles promoted by the company. The company's consolidated net profit surged to Rs 829.85 crore in the quarter ended December 2025 as against Rs 115.27 crore during the previous quarter ended December 2024. Sales declined 17.45% to Rs 2,137.90 crore in Q3 FY26 as compared with Q3 FY25. Shares of Dilip Buildcon rose 0.90% to Rs 429.60 on the BSE.

Dilip Buildcon has been declared as L-1 bidder for the tender floated by the Narmada Water Resources Water Supply & Kalpasar Department, Government of Gujarat. The project entails engineering, procurement and construction (EPC) work for designing and construction of Ged Barrage, Protection work & Other allied activities across river Sabarmati between Hirpura barrage & Lakroda weir, Ta. Prantij, Dist. Sabarkantha including Operation and Maintenance for 10 Years. The project is valued at Rs 268 crore.

The project pertains to the construction of a flood protection embankment on the Narmada river in Bharuch district on an Engineering, Procurement and Construction (EPC) basis, the company said in an exchange filing. The contract has been awarded under a letter of acceptance (LOA) and is to be executed within a period of 24 months, DBL added. The order has been awarded by a domestic entity, and the company clarified that neither the promoter nor promoter group companies have any interest in the awarding authority. The project also does not fall under related party transactions, it said. With this win, Dilip Buildcon continues to strengthen its order book in the water infrastructure segment, particularly in flood management and river protection works. Dilip Buildcon is presently in the business of developing infrastructure facilities on an Engineering Procurement and Construction basis (EPC) and undertakes contracts from various government and other parties and special purpose vehicles promoted by the company. The company's consolidated net profit surged to Rs 829.85 crore in the quarter ended December 2025 as against Rs 115.27 crore during the previous quarter ended December 2024. Sales declined 17.45% to Rs 2,137.90 crore in Q3 FY26 as compared with Q3 FY25.Powered by Capital Market - Live

The project pertains to the construction of a flood protection embankment on the Narmada river in Bharuch district on an Engineering, Procurement and Construction (EPC) basis, the company said in an exchange filing. The contract has been awarded under a letter of A acceptance (LOA) and is to be executed within a period of 24 months, DBL added. The order has been awarded by a domestic entity, and the company clarified that neither the promoter nor promoter group companies have any interest in the awarding authority. The project also does not fall under related party transactions, it said. With this win, Dilip Buildcon continues to strengthen its order book in the water infrastructure segment, particularly in flood management and river protection works. Dilip Buildcon is presently in the business of developing infrastructure facilities on an Engineering Procurement and Construction basis (EPC) and undertakes contracts from various government and other parties and special purpose vehicles promoted by the company. The company's consolidated net profit surged to Rs 829.85 crore in the quarter ended December 2025 as against Rs 115.27 crore during the previous quarter ended December 2024. Sales declined 17.45% to Rs 2,137.90 crore in Q3 FY26 as compared with Q3 FY25. Shares of Dilip Buildcon declined 4.46% to end at Rs 387.40 on the BSE.Powered by Capital Market - Live