Dilip Buildcon Q3FY26 net profit surges sevenfold on one-off InvIT gains | Company Results

Engineering, procurement and construction (EPC) firm Dilip Buildcon’s consolidated profit (attributable to owners of the parent company) for the third quarter of financial year 2025-26 (Q3 FY26) increased sevenfold on a year-on-year basis to Rs 829.85 billion, driven by one-time gains.

The company’s revenue from operations in the quarter fell 17.44 percent to 2,137 billion rupees. Other revenues increased from 43.33 billion rupees in the third quarter to 169.7 billion rupees in the current quarter. In the same period, expenses decreased by 13.46% annually to 2.179 billion Rupees.

“As part of a broader transformation towards a leaner, more productive operating model, employee strength has decreased significantly from peak levels to almost half. These efficiencies, coupled with our ability to leverage EPC execution capabilities to create income-generating assets, recycle capital through InvITs and asset platforms, and generate long-term, annuity-like cash flows, are increasingly improving our return metrics, free cash flow generation and overall earnings quality,” chief Devendra Jain said. bailiff, DBL.

The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 19.92% annually to 382 billion rupees in the third quarter of 2026, while the EBITDA margin decreased by 55 basis points annually to 17.87%.

The company’s order book reached an all-time high of Rs 29.372 billion at the end of December 2025. “The current order book also exceeds the order flow guidance set at the beginning of FY26, supported by improved tender 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, thus reducing the risk of concentration and supporting stable and continuous execution,” DBL said.

Chairman and Managing Director Dilip Suryavanshi said that this quarter was encouraging in terms of order flow. “As we put the elections behind us, the pace of order issuance is showing clear signs of improvement. We also welcome the government’s continued push on capital expenditure in the Union Budget,” he said.

While DBL’s revenue fell by 18.69 per cent year-on-year in the first nine months of FY26 (9MFY26), its profit increased by 163.90 per cent to Rs 1,240.31 billion during the same period.

Jain added that net debt is now significantly lower at Rs 2,150 billion compared to the peak of Rs 3,392 billion, reflecting the company’s focus on deleveraging. Annual capital expenditure has been kept at Rp100 billion, well below previous peak levels of around Rp500 billion, underlining a maintenance-focused approach, he said.

Respectively, DBL’s revenue increased by 11 percent and its profit increased by 357.24 percent.

Additionally, in 3Q26, Anantam Highways InvIT, a Securities and Exchange Board of India (Sebi) registered InvIT and jointly promoted by DBL as asset contributor and Alpha Alternatives with a stake ratio of 74:26 respectively, was listed on the stock exchanges in an initial public offering of Rs 400 crore.