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Dilip Buildcon slips 14% post Q4 results

The stock slipped 14% to Rs 901 on the BSE in intra-day trade after the company reported 11% YoY growth in its consolidated net profit at Rs 2.18 billion in March 2018 quarter.

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ministries of road transport and highways

SI Reporter Mumbai
Dilip Buildcon slipped 14% to Rs 901 on the BSE in intra-day trade even after the company reported 11% year on year (YoY) growth in its consolidated net profit at Rs 2.18 billion in March 2018 quarter (Q4FY18). The net profit growth during the quarter was lowest in past six quarters.

Earnings before interest, taxation, depreciation and amortization (ebitda) margin declined 180 bps to 18.6% in Q4FY18 from 20.4% in a year ago quarter. Net revenue during the quarter under review was up 46% YoY to Rs 25.62 billion.

Dilip Buildcon said the Company successfully won fresh orders