Bhopal : Dilip Buildcon Limited (‘DBL’ or ‘the company’), a leading engineering, procurement and construction (EPC) player that has evolved into a diversified, multi-asset infrastructure platform, with a growing portfolio of cash-generating assets across mining and other infrastructure segment, today announced its unaudited financial results for the quarter and nine months ended December 31, 2025.

Financial Performance – Q3 FY26 (Consolidated Basis)

·         Revenue from Operations: ₹ 2,138 Crores

·         EBITDA: ₹ 382 crore

·         EBITDA Margin: 17.87%

·         Profit After Tax (PAT): ₹ 789 crore

Profit After Tax (PAT) was ₹789 crore. This was majorly on account of one-time gain of ₹ 585 Crore for the quarter under review.

For the nine months ended 31 December 2025 the company reported consolidated revenue from operations of ₹ 6,684 crore (9M FY25: ₹ 8,221 crore), EBITDA of ₹ 1,373 crore (margin 20.54%) and PAT of ₹ 1,275 crore.

Financial Performance – Q3 FY26 (Standalone Basis)

·         Revenue from Operations: ₹ 1,718 Crore

·         EBITDA: ₹ 179 crore

·         EBITDA Margin: 10.42%

·         Profit After Tax (PAT): ₹ 611 crore

For the nine months ended 31 December 2025 the company reported Standalone revenue from operations of ₹5,145 crore (9M FY25: ₹6,690 crore), EBITDA of ₹ 535 crore (margin 10.40%) and PAT of ₹ 775 crore.

Order Book at an all-time high:

As of December 31, 2025, DBL’s consolidated order book stood at approximately ₹ 29,372 crore. This represents the highest order book in the company’s history and is also the most diversified, reflecting strong execution capabilities across infrastructure segments. The current order book also exceeds the order inflow guidance set at the start of FY26, supported by improved tendering activity following the conclusion of elections.

The order book is well diversified across roads and highways, irrigation, metro rail, water supply, tunnels, mining, and other infrastructure segments, thereby reducing concentration risk and supporting stable and sustained execution.

 Recent developments:

Listing of Anantam Highways InvIT

During the quarter, DBL announced the successful listing of Anantam Highways InvIT, a SEBI-registered Infrastructure Investment Trust (InvIT). The InvIT is jointly backed by DBL, as the asset contributor, and Alpha Alternatives, a SEBI- registered sponsor, with a shareholding ratio of 74:26, respectively.

The units of Anantam Highways Trust (Series IV) were successfully listed on both the National Stock Exchange (NSE) and the BSE, marking an important milestone in the company’s strategy to create asset-backed platforms, enable capital recycling, and enhance long-term value creation.

Management Commentary:

Mr. Dilip Suryavanshi, Chairman and Managing Director, Dilip Buildcon Limited, said:

“Our long-term vision is to progressively build a multi-asset infrastructure platform that provides stable, long-term visibility and value creation. Directionally, we are moving beyond pure execution into asset-backed businesses - transmission, renewable energy and annuity-linked infrastructure—that offer long-duration cash flows, platform scalability and strategic relevance for the future.

This quarter has been encouraging in terms of order inflows, with our order book now at an all-time high. With elections behind us, the pace of awarding orders shows clear signs of recovery. We also welcome the Government's continued push on capital expenditure in the Union Budget. The allocation of ₹12.21 trillion towards capex for FY27, a 12% increase over the revised FY26 estimate-reinforces policy continuity and remains a strong positive for infrastructure-focused companies. Increased allocations to key segments such as roads and railways, broadly in line with nominal GDP growth, provide sustained visibility for the sector.”

Commenting on the performance, Mr. Devendra Jain, CEO, Dilip Buildcon Limited, said:

“The company continues to deliver on its strategic priorities of operational efficiency, disciplined capex and decisive balance-sheet strengthening. Net debt today is significantly lower than its peak of ₹ 3,392 crore, reflecting our sustained focus on deleveraging. Annual capex has been maintained at approximately ₹100 crore-well below earlier peak levels of around ₹500 crore-underscoring a disciplined, maintenance-focused approach. Employee strength has been reduced materially, by nearly half from peak levels, as part of a broader transformation towards a leaner, more productive operating model. These efficiencies, combined with our ability to leverage EPC execution capabilities to create income-generating assets, recycle capital through InvITs and asset platforms, and build long-duration, annuity- like cash flows, are progressively improving our return metrics, free cash flow generation and overall earnings quality.”