Dilip Buildcon Limited (“DBL” or “the Company”), a multi-asset infrastructure platform, today announced its reviewed financial results for the first quarter ended June 30th, 2026.
The Company strengthened its order pipeline during the quarter. Its total order book stood at ₹27,691 crore as of June 30th, 2026. Fresh order inflow of ₹517.2 crore was recorded during the quarter, including a new ₹268 crore EPC win. The DBL-RBL joint venture received the Letter of Award for the Ged Barrage EPC project in Gujarat, awarded by the Narmada Water Resources, Water Supply & Kalpasar Department -alongside incremental order additions at the Company’s Siarmal and Pachhwara mining MDO projects.
Financial Performance – Q1FY27 (Consolidated Basis)
- Revenue from Operations: ₹2,378 crore
- EBITDA: ₹429 crore
- EBITDA Margin: 18.1%
- Profit After Tax (PAT): ₹128 crore
For the quarter ended June 30th, 2026, the Company reported consolidated revenue from operations of ₹2,378 crore, EBITDA of ₹429 crore (margin 18.1%) and PAT of ₹128 crore.
Financial Performance – Q1FY27 (Standalone Basis)
- Revenue from Operations: ₹1,930 crore
- EBITDA: ₹199 crore
- EBITDA Margin: 10.3%
- Profit After Tax (PAT): ₹39 crore
For the quarter ended June 30th, 2026, the Company reported standalone revenue from operations of ₹1,930 crore, EBITDA of ₹199 crore (margin 10.3%) and PAT of ₹39 crore.
Order Book Position:
As of June 30, 2026, Dilip Buildcon’s order book stood at ₹27,691 crore. The order book remains well diversified across verticals, with roads and highways at 17.1%, irrigation and water at 18.1%, mining at 20.9%, and other verticals (rail, tunnels, urban development, renewable energy) making up the balance of 43.9%. This excludes a new irrigation project won in July 2026 in the state of Chhattisgarh, with a total project cost of ₹2,524.32 crore.
Order book moderated sequentially as strong project execution outpaced the quarter’s fresh order intake. The Company continues to be selective in order pursuit to prioritize long-duration, contracted revenue. The same stood at ₹28,830 crore for the period ended March 31, 2026.
Segmental Revenue:
The Company’s EPC business remained the primary driver of standalone revenue in Q1FY27, supported by continued execution across the roads, irrigation, and water supply verticals. Mining operations too contributed to the overall share of the revenue. Income from the Company’s InvIT platform continued to support long-duration, contracted cash flows in line with the DBL 2.0 diversification strategy.
A detailed segment-wise revenue breakup will be provided in the Company’s financial statements filed with the stock exchanges.
- Gross Revenue from EPC business stood at ₹1,752 crore in Q1FY27
- Gross Revenue from Mining stood at ₹392 crore in Q1FY27
- Income from InvITs stood at ₹34.77 crore in Q1FY27
As of June 30, 2026, Dilip Buildcon’s standalone net debt stood at ₹2,106 crore, compared to ₹1,880 crore as of March 31, 2026, and ₹ 1,661 crore as of June 30, 2025. The company, however, remains on track for its net debt-free standalone balance sheet target by FY28.
Mr. Dilip Suryavanshi, Chairman and Managing Director, Dilip Buildcon Limited, said, “Q1 FY27 continues to reflect our DBL 2.0 philosophy of One Platform, 3 Engines, 12 verticals working together to deliver sustainable, capital-efficient growth. Our track record of completing close to 90% of our projects ahead of schedule reflects the execution discipline we have built over more than 35 years, navigating multiple industry cycles, including geopolitical disruptions, commodity volatility and global macroeconomic uncertainties. With a workforce of over 21,221 employees and a fleet of more than 10,394 equipment units, we operate at a scale that lets us pursue opportunities across all twelve verticals simultaneously, including mining MDO contracts that run 25 to 55 years, well beyond the typical duration of traditional EPC work. This quarter reinforces our confidence in India’s long-term infrastructure growth trajectory, and we remain focused on strengthening our balance sheet and increasing the contribution of long-duration, contracted revenue streams to our profitability.”
Dilip Buildcon Limited’s CEO, Mr. Devendra Jain, said, “Q1 FY26 profitability included a one-time gain from asset monetization that did not recur this year. On a like-for-like operating basis, our margins actually improved sequentially in Q1FY27. On the balance sheet, the increase in standalone net debt this quarter primarily reflects a build-up in trade receivables as billing cycles extended, along with equipment mobilization for our new Ged Barrage and ERCP Bandh Baretha projects. We are actively working to normalize collection cycles and remain committed to our net debt-free standalone balance sheet target by FY28. Our debt profile remains largely asset-backed and project-linked, and we remain focused on strengthening our balance sheet through operating cash flows, InvIT distributions and disciplined capital allocation.”
