Earnings | Dilip Buildcon Ltd. (NSE:DBL): Q3FY23 Results Out; Total Income rise 4% YoY

Dilip Buildcon Ltd. (NSE:DBL) is an Indian construction company that provides engineering, procurement, and construction (EPC) services. The company is involved in the construction of roads, highways, bridges, tunnels, airports, and other infrastructure projects. Dilip Buildcon Ltd. was founded in 1988 and is headquartered in Bhopal, India.

Dilip Buildcon Ltd. recently released its Q3 FY23 results. During the quarter, the company’s revenue from operations increased by 8.25% to Rs 23,788 million compared to the same period in the previous year. The EBITDA (earnings before interest, taxes, depreciation, and amortization) excluding other income surged by 3868.55% to Rs 2,497 million in Q3FY23. Furthermore, the company posted a profit after tax (PAT) of Rs 795 million in Q3FY23 as opposed to a loss of Rs 967 million in Q3FY22.

In the nine months ended December 31, 2022, Dilip Buildcon’s revenue from operations rose by 11.73% to Rs 72,622 million, and EBITDA excluding other income increased by 38.63% to Rs 7,164 million. The company’s PAT for the nine-month period was Rs 1,635 million, a significant improvement compared to a loss of Rs 890 million recorded in the previous year.

Dilip Buildcon’s net order book as of the latest update stands at Rs 2,65,385 million. Roads and highways projects constitute 39.49% of the order book, special bridge projects contribute 3.11%, tunnel projects contribute 7.66%, irrigation projects contribute 14.33%, metro projects contribute 5.80%, water supply projects contribute 12.18%, and mining contributes 17.43%. This diverse order book showcases the company’s presence in multiple sectors. Overall, the company’s Q3 FY23 results indicate an improvement in financial performance, and the completion of multiple projects indicates a positive outlook for the future.