Dilip Buildcon Limited (DBL) announced a record order book of ₹33,081 crore as of September 30, 2026, marking a 19% increase. The company also reported a consolidated revenue of ₹2,250 crore for the second quarter of FY27, a 17% year-on-year rise. Standalone revenue grew by 19% to ₹1,686 crore. The company highlighted strategic advancements under its DBL 2.0 initiative, including asset monetization and improved financial performance.
Dilip Buildcon Achieves Record Order Book and Strong Q2 FY27 Financials
Dilip Buildcon Limited (“DBL”) has announced its financial results for the second quarter and half-year ended September 30, 2026. The company achieved a record order book of ₹33,081 crore as of September 30, 2026, representing a significant 19% increase from ₹27,691 crore on June 30, 2026. This marks a 15% growth from ₹28,830 crore as of March 31, 2026.
Key Financial Highlights (Q2 FY27)
Consolidated Performance
- Revenue from Operations: ₹2,250 crore (up 17% YoY)
- EBITDA: ₹439 crore
- EBITDA Margin: 19.5% (improved from 18.1% in Q1FY27)
- Profit before Exceptional Items and Tax: ₹176 crore (up 24% YoY)
- Profit After Tax (PAT): ₹101 crore
Consolidated revenue for the quarter reached ₹2,250 crore, up from ₹1,926 crore in Q2FY26. EBITDA (excluding other income) stood at ₹439 crore with an improved margin of 19.5%. Finance costs decreased by 22% YoY to ₹251 crore. Profit before exceptional items and tax saw a 24% rise to ₹176 crore, while PAT was ₹101 crore, compared to ₹214 crore in Q2FY26 which included ₹122 crore in exceptional items.
Standalone Performance
- Revenue from Operations: ₹1,686 crore (up 19% YoY)
- EBITDA: ₹175 crore (up 15% YoY)
- EBITDA Margin: 10.4%
- Profit before Exceptional Items and Tax: ₹71 crore (₹23 crore in Q2FY26)
- Profit After Tax (PAT): ₹52 crore (up 28% YoY)
On a standalone basis, revenue grew 19% to ₹1,686 crore from ₹1,417 crore in Q2FY26. EBITDA rose 15% to ₹175 crore. Profit before exceptional items and tax increased to ₹71 crore from ₹23 crore, and PAT was up 28% to ₹52 crore, which in the prior year included exceptional gains of ₹42 crore.
DBL 2.0 Strategy and Asset Monetisation
The company highlighted its DBL 2.0 strategy, which focuses on transitioning from a pure-play EPC contractor to a diversified multi-asset infrastructure platform. Under this initiative, DBL has advanced transmission and solar asset monetization, establishing a value of ₹1,917 crore for these assets. The company has signed definitive agreements with Alpha Alternatives Fund Advisors LLP for the Mekhali transmission project and a 1,363 MW AC solar portfolio.
DBL also received the Grant of Authorisation for the Paradip-Raipur LPG pipeline, a 25-year regulated-tariff concession. The company is committed to becoming net debt-free on a standalone basis by FY28, supported by asset transfers and equity co-investments.
Order Book Diversification
The order book is now spread across 12 business verticals. Roads and highways account for 15.6% of the order book, while renewable energy and power transmission together represent 27%, reflecting a strategic shift towards energy and long-duration infrastructure. Mining MDO orders amount to approximately ₹3,998 crore, with the broader mining portfolio value at approximately ₹98,618 crore.
H1FY27 order inflow of ₹7,589 crore covers 76% of the lower end of the FY27 order inflow guidance of ₹10,000–₹12,000 crore.
Management Commentary
Mr. Dilip Suryavanshi, Chairman and Managing Director, stated, “The first half of FY27 is when DBL 2.0 moved from strategy and board approvals to signed agreements and defined monetisation pathways.” He expressed confidence in delivering industry-leading standalone revenue growth for FY27.
Mr. Devendra Jain, CEO, added, “This quarter’s profit is built on operations. On a like-for-like basis, consolidated pre-tax profit rose 24%, standalone pre-tax profit nearly tripled, and our consolidated EBITDA margin has improved for two consecutive quarters.”
Source: BSE
