Dilip Buildcon Q3 FY26 Results: Revenue at ₹2,138 Cr, Order Book Hits Record ₹29,372 Cr
Dilip Buildcon reported Q3 FY26 consolidated revenue of ₹2,138 Cr and PAT of ₹789 Cr, including a one-time gain. The company's order book reached a record ₹29,372 Cr. DBL also successfully listed Anantam Highways InvIT, furthering its asset-backed platform strategy. Management highlighted strong order inflows and a focus on deleveraging.
The announcement includes record-breaking order book figures, significant financial results with a one-time gain, and strategic corporate actions like InvIT listing, which have a substantial impact on the company's valuation and future prospects.
The company reported record order book, significant PAT driven by a one-time gain, and successful listing of an InvIT, indicating positive financial and strategic developments.
Dilip Buildcon Limited (DBL) announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported consolidated revenue from operations of ₹2,138 crore for Q3 FY26, with EBITDA at ₹382 crore and an EBITDA margin of 17.87%. Profit After Tax (PAT) stood at ₹789 crore, significantly boosted by a one-time gain of ₹585 crore. For the nine months ended December 31, 2025, consolidated revenue was ₹6,684 crore, with EBITDA at ₹1,373 crore and PAT at ₹1,275 crore.
On a standalone basis for Q3 FY26, revenue from operations was ₹1,718 crore, EBITDA at ₹179 crore, and PAT at ₹611 crore. For the nine months, standalone revenue was ₹5,145 crore, EBITDA ₹535 crore, and PAT ₹775 crore.
The company's consolidated order book reached an all-time high of approximately ₹29,372 crore as of December 31, 2025, diversified across various infrastructure segments. This strong order book reflects improved tendering activity post-elections.
DBL also announced the successful listing of Anantam Highways InvIT, a SEBI-registered Infrastructure Investment Trust, jointly backed by DBL (74%) and Alpha Alternatives (26%). This move aligns with the company's strategy of creating asset-backed platforms and enabling capital recycling.
Management commentary highlighted a long-term vision to build a multi-asset infrastructure platform with stable cash flows, moving beyond pure execution into asset-backed businesses. The increased government capex allocation in the Union Budget for FY27 was noted as a positive for the infrastructure sector. The company emphasized its focus on operational efficiency, disciplined capex, and balance sheet strengthening, with net debt significantly reduced. Capex has been maintained at approximately ₹100 crore, and employee strength has been reduced to enhance productivity. DBL plans to scale asset-led businesses, strengthen mining operations, build perpetual cash flows, maintain strict bidding discipline, and optimize its balance sheet with accelerated deleveraging. The company is also working towards unlocking platform value through potential separation and independent valuation of its mining, InvIT, and renewables businesses.
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