Dilip Buildcon Ltd
Dilip Buildcon Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY 2026 revenue expected around INR 8,000 crores, slightly down from earlier guidance of INR 8,500 crores due to slower order inflows. FY '26 revenue expected around INR 8,000 crores (revised down from INR 8,500 crores) due to slower order inflows.
From Dilip Buildcon Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY 2026 revenue expected around INR 8,000 crores, slightly down from earlier guidance of INR 8,500 crores due to slower order inflows.
- FY 2027 revenue targeted at approximately INR 10,000 crores with improved order book fueling growth.
- Order inflows for the year anticipated at INR 15,000 crores, supporting next year's revenue growth.
- Coal MDO production to increase from 32 million metric tons in FY 2026 to 57 million metric tons by 2029, capturing 8-9% of India's coal output.
- Diversification into solar energy with a target to secure around 1 gigawatt of solar projects in the next 1-2 years.
- Long-term growth driven by consistent cash flows from HAM & coal MDO businesses, and new renewable energy ventures.
- Expansion supported by strong pipeline and expected order awards in Q3 and Q4, including in roads, irrigation, metro, and solar sectors.
Profitability & Margins
See what Dilip Buildcon Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Total capex on Conveyor Belt and Coil and linked plant of Siarmal (CHP) is around INR870 crores including GST; planning and designing completed with no significant capex spent yet.
- INR236 crores equity already invested in CHP, no further equity required for next 15 months; eligible to draw ~50% debt (INR600 crores); CHP expected to complete in 18-24 months.
- Solar sector: Targeting 1 GW awards in next 2 years; equity partners committed; DBL's equity in recent 100 MW project is INR39 crores; DBL will execute full EPC work.
- EPC capex significantly reduced from earlier INR500 crores to INR50-100 crores, mainly for smaller and replacement capex.
- No further equity investment expected in the near term for CHP and coal MDO projects; focus on monetizing assets via InvIT platforms (Anantam Highways Trust) for cash flows and capital recycling.
Top-ranked in Construction
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Dilip Buildcon Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book stands at approximately INR18,600 crores.
- New project AD (Advance) spending for recently won projects expected by Q4 FY26.
- Order inflow guidance for FY26 is INR15,000 crores; around INR5,500 crores secured year-to-date.
- Around INR15,000 crores worth of bids have been placed currently.
- Bid pipeline includes INR1.5 lakh crores in road projects (MoRTH and NHAI) and INR25,000 crores in diversified sectors like dams, irrigation, Jal Jeevan Mission, and coal.
- Expecting significant order awarding in Q3 and Q4 FY26, especially from roads, metro, and solar sectors.
- For HAM and toll projects, NHAI has 124 projects pending over 6,000 km valued around INR3.5 lakh crores.
- Confidence in winning profitable projects due to increased qualification criteria reducing competition.
Dilip Buildcon Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹2.3K Cr, net profit ₹124 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Dilip Buildcon Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Dilip Buildcon Ltd Q2 FY26 results?
FY 2026 revenue expected around INR 8,000 crores, slightly down from earlier guidance of INR 8,500 crores due to slower order inflows. FY '26 revenue expected around INR 8,000 crores (revised down from INR 8,500 crores) due to slower order inflows.
What is Dilip Buildcon Ltd share price analysis?
Dilip Buildcon Ltd currently shows a neutral. The stock trades at a P/E of 12.0 with a market cap of ₹6,698 Cr. Investors should review the full earnings analysis for detailed insights.
Is Dilip Buildcon Ltd planning capital expenditure?
Total capex on Conveyor Belt and Coil and linked plant of Siarmal (CHP) is around INR870 crores including GST; planning and designing completed with no significant capex spent yet.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.