{"id":155965,"date":"2023-11-08T09:54:34","date_gmt":"2023-11-08T14:54:34","guid":{"rendered":"https:\/\/44.250.171.167\/?p=155965"},"modified":"2023-11-08T09:54:35","modified_gmt":"2023-11-08T14:54:35","slug":"dilip-buildcon-limited-q2-fy24-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/dilip-buildcon-limited-q2-fy24-earnings-conference-call-insights\/","title":{"rendered":"Dilip Buildcon Limited Q2 FY24 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Dilip Buildcon Limited (DBL) Q2 FY24 Earnings Concall<\/strong><\/p>\n<ul>\n<li><strong>Company Strategy Updates<\/strong>\n<ul>\n<li>Reduced debt by INR300 crores so far in FY2024.<\/li>\n<li>On track for INR800-1000 crore reduction to get to INR1300-1500 crore net debt by end of FY24.<\/li>\n<li>Aims to become debt free in FY2025.<\/li>\n<\/ul>\n<\/li>\n<li><strong>InvIT Partnership<\/strong>\n<ul>\n<li>Partnering with Alpha Alternatives who will invest INR2000 crore.<\/li>\n<li>Alpha taking 10% stake in company and 26% stake in completed\/near complete HAM projects.<\/li>\n<li>Additional 26% stake in under-construction HAM projects.<\/li>\n<li>INR700-800 crore investment expected in FY24, INR1200-1300 crore in FY25.<\/li>\n<li>Company to get InvIT units worth INR2500-3000 crore in FY2025 and FY2026 as HAM projects complete.<\/li>\n<\/ul>\n<\/li>\n<li><strong>HAM Projects Update<\/strong>\n<ul>\n<li>Won 37 HAM projects worth INR45,000 crore till date.<\/li>\n<li>Divested 19 HAM projects worth INR24,000 crore so far.<\/li>\n<li>18 HAM projects worth INR24,000 crore balance.<\/li>\n<li>Strategy is to retain EPC profits and return equity investment quickly to parent company.<\/li>\n<li>Alpha investment will reduce DBL&#8217;s equity needs in 10 under-construction projects.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Financial Highlights<\/strong>\n<ul>\n<li>Revenue up 7.3% YoY to INR2,400 crore.<\/li>\n<li>EBITDA up 12.3% YoY to INR294 crore.<\/li>\n<li>PAT up 86.5% YoY to INR120 crore.<\/li>\n<li>Reduced debt by INR300 crore, improved net debt\/equity ratio.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Growth Outlook<\/strong>\n<ul>\n<li>Expect to achieve 13-16% revenue growth in H2 FY24.<\/li>\n<li>Targeting 5-8% revenue growth in FY24 vs previous guidance of 10%.<\/li>\n<li>Guidance of 11,000+ crore revenue in future years with diversified portfolio.<\/li>\n<li>Maintaining EBITDA margin guidance of 13-14%.<\/li>\n<li>Targeting same new order inflow guidance of INR10,000-12,000 crore for FY24.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Debt Reduction and Cost Savings<\/strong>\n<ul>\n<li>Expects INR50-75 crore lower finance cost in FY2024 with further reduction in FY2025.<\/li>\n<li>Targeting INR300-350 crore lower finance cost in FY2025.<\/li>\n<li>Aiming to be net debt free in FY25 with lower interest costs.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Margin and Order Inflow Outlook<\/strong>\n<ul>\n<li>Maintaining EBITDA margin guidance of 12-14%.<\/li>\n<li>Margins used to be 2-3% higher due to bonuses, now targeting 14-15% without it.<\/li>\n<li>Seeing robust pipeline across sectors like roads, water, railways, metro, mining.<\/li>\n<li>Aiming for measured growth in orders at 1.5-2x revenue levels.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Working Capital Management<\/strong>\n<ul>\n<li>Saw marginal increase in working capital days in H1 FY24.<\/li>\n<li>Aiming to reduce by 10 days through better collection, inventory reduction.<\/li>\n<li>Expect reduction by year-end as execution picks up pace.<\/li>\n<li>Expects approved proposals to get disbursed and aiming to see lower double digit growth in corporate loans.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Growth Strategy<\/strong>\n<ul>\n<li>Targeting 5-8% YoY growth over next few years which is consistent but not aggressive.<\/li>\n<li>Growth to come from diversified sectors DBL operate in, beyond roads which has high competition.<\/li>\n<li>Have enough assets to sustain target growth, so will not need significant capex.<\/li>\n<li>Will continue to selectively look at PPP projects in sectors like water and railways.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Order Book Update and Partnership<\/strong>\n<ul>\n<li>Bid for 10,000 total projects where results are pending.<\/li>\n<li>Large investor looking to build infrastructure portfolio across sectors like mining and railways.<\/li>\n<li>Partnership allows company to expand into new infrastructure sectors.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Dilip Buildcon Limited (DBL) Q2 FY24 Earnings Concall Company Strategy Updates Reduced debt by INR300 crores so far in FY2024. On track for INR800-1000 crore reduction to get to INR1300-1500 crore net debt by end of FY24. Aims to become debt free in FY2025. InvIT Partnership Partnering with Alpha Alternatives who will [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":154818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[1703,10169,9403],"class_list":["post-155965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-construction","tag-earnings","tag-infrastructure"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":180297,"url":"https:\/\/alphastreet.com\/india\/dilip-buildcon-limited-nse-dbl-bse-540047-reports-q3-fy26-results-as-order-book-hits-record-high\/","url_meta":{"origin":155965,"position":0},"title":"Dilip Buildcon Limited (NSE: DBL, BSE: 540047) reports Q3 FY26 results as order book hits record high","author":"Staff Correspondent","date":"February 10, 2026","format":false,"excerpt":"Dilip Buildcon Limited (NSE: DBL, BSE: 540047) reported its financial results for the quarter and nine months ended Dec. 31, 2025, posting strong headline profitability in the quarter supported by a one-time gain, while its consolidated order book reached an all-time high, according to the company\u2019s media release and results\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":156600,"url":"https:\/\/alphastreet.com\/india\/knr-constructions-limited-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":155965,"position":1},"title":"KNR Constructions Limited Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"November 24, 2023","format":false,"excerpt":"Key highlights from KNR Constructions Limited (KNRCON) Q2 FY24 Earnings Concall Infrastructure Spending and Plans CRISIL estimates India's infrastructure spending to double from INR143 lakh crores between 2024-2030 compared to 2017-2023. 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Sales attributable to Purvankara brand was INR736 crores, Provident brand was INR740 crores, and Purva Land was\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":171102,"url":"https:\/\/alphastreet.com\/india\/dilip-buildcon-q1-fy26-earnings-results\/","url_meta":{"origin":155965,"position":4},"title":"Dilip Buildcon Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"September 10, 2025","format":false,"excerpt":"Dilip Buildcon Limited, incorporated in 2006, is engaged in the development of infrastructure facilities on an Engineering Procurement and Construction (EPC) basis. The company undertakes contracts from various government agencies and special purpose vehicles promoted by the company. Q1 FY26 Earnings Results: Revenue: \u20b92,620 crore, down 16.4% year-on-year YoY from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"DBL Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BL.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BL.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BL.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BL.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BL.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BL.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":175976,"url":"https:\/\/alphastreet.com\/india\/dilip-buildcon-limited-dbl-q1-2026-earnings-call-transcript\/","url_meta":{"origin":155965,"position":5},"title":"Dilip Buildcon Limited (DBL) Q1 2026 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Dilip Buildcon Limited (NSE: DBL) Q1 2026 Earnings Call dated Jul. 30, 2025 Corporate Participants: Unidentified Speaker Gautam Jain \u2014 Head of Investor Relations Devendra Jain \u2014 Managing Director and Chief Executive Officer Rohan Suryavanshi \u2014 Head of Strategy and Planning Sanjay Kumar Bansal \u2014 Chief Financial Officer Analysts: Unidentified\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/155965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=155965"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/155965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/154818"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=155965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=155965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=155965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}