DBL 2.0 Marks Accelerated Transition into a Multi-Asset Infrastructure Platform
Key Highlights:
• Revenue from EPC business stood at ₹ 7,005
crore in FY26
• Revenue from Mining stood at ₹ 1,692 crore in FY26
• Income from InvITs stood at ₹ 64 crore in FY26
Bhopal :
Dilip Buildcon Limited (“DBL” or “the Company”),
a multi-asset infrastructure platform, today announced its audited financial
results for the fourth quarter and financial year ended March
31st, 2026.
Over the last three years, DBL has strategically
expanded beyond its core EPC business into mining, infrastructure assets and
other long-duration contracted businesses. DBL 2.0 formalizes this evolution
toward a more diversified infrastructure platform with improving revenue
visibility and cash-flow generation.
Financial
Performance – Q4FY26 (Consolidated Basis)
- Revenue from Operations: ₹2,300 crore
- EBITDA: ₹392 crore
- EBITDA Margin: 17.06%
- Profit After Tax (PAT): ₹124 crore
For the financial year ended March 31st, 2026, the Company reported consolidated revenue from operations of ₹8,984 crore, EBITDA of ₹1,766 crore (margin 19.66%) and PAT of ₹1,398 crore. The Company’s consolidated net debt stood at ₹ 7,244 crore as of March 31st 2026.
Financial Performance – Q4FY26 (Standalone Basis)
- Revenue from Operations: ₹ 1,860 crore
- EBITDA: ₹199 crore
- EBITDA Margin: 10.70%
- Profit After Tax (PAT): ₹67 crore
For the financial
year ended March 31st, 2026, the Company reported standalone revenue from
operations of ₹7,005 crore, EBITDA of ₹734 crore (margin 10.48%)
and PAT of ₹842 crore.
Order Book at An All-Time
High:
As of March 31st, 2026,
Dilip Buildcon’s order book stood at ₹28,830 crore. The order book is well diversified
across verticals.
Management Commentary:
Mr. Dilip Suryavanshi,
Chairman and Managing Director, Dilip Buildcon Limited, said, “For over three decades, we have been building
infrastructure across India and have navigated multiple industry cycles,
including geopolitical disruptions, commodity volatility, election-year
slowdowns and global macroeconomic uncertainties. Q4 FY26 reflected some of the
external challenges. However, these developments also reinforce the importance
of the strategic transition we had already initiated through DBL 2.0, which was
conceptualized well before the current phase of geopolitical concerns. Over
time, the Company aims to build a portfolio where a substantial share of
profitability is driven by contracted assets with 25–50 year lifespans,
strengthening the long-term sustainability of the business.”
Commenting on the
performance, Mr. Devendra Jain, CEO, Dilip Buildcon Limited, said:
“Q4 FY26 performance remained in line with our expectations amid slower
industry-wide order awarding activity. Margins during the quarter were impacted
by elevated input costs and lower asset utilization. However, we believe these
pressures are temporary in nature. During FY26, the Company continued to
strengthen its order book and further diversify across mining and
infrastructure asset businesses”.
Speaking about the
results, Mr. Rohan Suryavanshi, Head- Strategy and Planning said:
“Our debt profile remains largely asset-backed and project-linked in
nature, supported by long-term infrastructure assets and cash-generating
businesses. Over the medium term, the Company remains focused on strengthening
its balance sheet through operating cash flows from EPC business, mining
operations, InvIT distributions and disciplined capital allocation. DBL 2.0 is
aimed at gradually creating a more balanced infrastructure model where
long-duration contracted assets complement the EPC business and contribute
meaningfully to long-term profitability, cash-flow visibility and return ratios.”
Outlook:
DBL will continue to:
·
DBL
to be nearly net debt free over medium term
·
Strengthen
mining operations as a core cash-flow driver
·
Build
recurring cash flows through selective expansion of PPP assets and InvIT portfolios.
· Maintain capex discipline and capex management.