Dilip Buildcon trades lower after 3% drop in Q3 net profit

Shares of Dilip Buildcon Limited traded 1.2 percent lower at Rs 383 early on February 13 after the company announced a 3 percent decline in net profit for the October-December quarter.

The company’s net profit stood at Rs 107.4 crore for the third quarter ended December 31, 2023, as against Rs 111 crore a year back. In the last three months, Dilip Buildcon’s share price has increased a marginal 3.3 percent.

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The operational income of the company rose by 23.9 percent, reaching Rs 2,876.8 crore from Rs 2,322.4 crore last fiscal.

The company’s EBITDA for the third quarter of the current fiscal year stood at Rs 377 crore, a significant increase from Rs 157.2 crore in the same period last year. The EBITDA margin for the reporting quarter was 13.1 percent, in contrast to 6.8 percent recorded in the previous corresponding period.

Dilip Buildcon, operating on an engineering, procurement, and construction (EPC) model, takes on projects involving specialised constructions such as bridges and tunnels. The company, classified as Class A-V, is officially registered with the Public Works Department in Bhopal and the Water Resource Department in Madhya Pradesh.

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