Dilip Buildcon falls after Q3 PAT drops 50% YoY

Dilip Buildcon tumbled 4.65% to Rs 380.1 after consolidated net profit declined 50.76% to Rs 88.07 crore in Q3 December 2019 as against Rs 178.84 crore reported in Q3 December 2018.

Revenue declined 1.12% YoY to Rs 2564.39 crore in Q3 December 2019 over Q3 December 2018. The result was announced during market hours today, 10 February 2020.

Profit before tax (PBT) for Q3 December 2019 stood at Rs 137.57 crore, down by 31.4% from Rs 200.54 crore in Q3 December 2018.

On a standalone basis, net profit declined 39% to Rs 127.20 crore on a 4.16% decline in revenue to Rs 2389.10 crore in Q3 December 2019 over Q3 December 2018.

Standalone EBITDA declined 4.03% to Rs 428.1 crore in Q3 December 2019 as against Rs 446.1 crore reported in Q3 December 2018. EBITDA margin rose to 17.92% in Q3 December 2019 from 17.9% reported in Q3 December 2018.

The net order book as on 31 December stands at Rs 21,205.30 crore, 63.81% of the order book is constituted by roads and highways project, special bridge projects contribute 4.28%, mining contributes 19.34%, irrigation projects contribute 6.46%, metro projects contribute 1.92%, tunnel projects contribute 1.47% and airport projects contribute 2.72%.

70.09% of the order book is from the central government. 29.91% of the order book is from state government (12.32% from Uttar Pradesh state Govt., 6.45% from Maharashtra State Govt., 2.38% from Rajasthan State Govt., 2.76% from Punjab State Corporation, 4.09% from Jharkhand State Govt., 1.92% from Madhya Pradesh State Govt. for Metro Projects).

Dilip Buildcon is engaged in the business of infrastructure facilities on engineering procurement and construction (EPC) basis. The company undertakes contracts from various government and other parties and special purpose vehicles promoted by the firm.

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