Dilip Buildcon Reports Q3 FY26 Results; Order Book Hits Record ₹29,372 Crore
Dilip Buildcon Limited (DBL) reported Q3 FY26 consolidated revenue of ₹2,138 crore and PAT of ₹789 crore (including a ₹585 crore one-time gain). The company's order book reached a record ₹29,372 crore. DBL is strategically shifting towards a multi-asset infrastructure platform and has successfully listed Anantam Highways InvIT.
The announcement includes record order book figures, significant financial results, strategic shift towards asset-backed businesses, and successful InvIT listing, all of which have a substantial impact on the company's valuation and future growth.
The company reported record order book, positive management commentary on future outlook, and successful listing of an InvIT, indicating strong future prospects and strategic progress.
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 EBITDA margin of 17.87%. Profit After Tax (PAT) for the quarter was ₹789 crore, which included a one-time gain of ₹585 crore. For the nine months ended December 31, 2025, consolidated revenue stood at ₹6,684 crore, EBITDA at ₹1,373 crore (margin 20.54%), and PAT at ₹1,275 crore.
On a standalone basis, Q3 FY26 revenue from operations was ₹1,718 crore, with EBITDA at ₹179 crore and EBITDA margin of 10.42%. Standalone PAT for the quarter was ₹611 crore. For the nine months ended December 31, 2025, standalone revenue was ₹5,145 crore, EBITDA was ₹535 crore (margin 10.40%), and PAT was ₹775 crore.
DBL's consolidated order book reached an all-time high of approximately ₹29,372 crore as of December 31, 2025. The company highlighted the successful listing of Anantam Highways InvIT during the quarter, a joint initiative with Alpha Alternatives, aimed at creating asset-backed platforms and enabling capital recycling.
Management commentary emphasized the company's strategic shift towards a multi-asset infrastructure platform with stable, long-term visibility and value creation. DBL is focusing on asset-backed businesses like transmission and renewable energy. The company noted a recovery in order awarding post-elections and welcomed the government's increased capex allocation for FY27. DBL also highlighted its deleveraging efforts, with net debt significantly reduced from its peak, and a disciplined, maintenance-focused approach to capex. Employee strength has also been reduced to enhance productivity.
The company's outlook remains positive, with plans to scale asset-led businesses, strengthen mining operations, build perpetual cash flows through InvITs, maintain bidding discipline, optimize its balance sheet, and explore platform value unlocks.
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See the model portfoliosA plain-language summary of a public exchange filing by Dilip Buildcon Limited. Read the original for the full detail.