Dilip Buildcon turns red as profitability contracts
DSIJ Intelligence / 02 Dec 2016
Dilip Buildcon has declared its Q2FY17 results on Friday. The company’s revenue has increased by 3.47 per cent to Rs 916 crore in Q2FY17 as compared to same period in previous financial year.
Dilip Buildcon has declared its Q2FY17 results on Friday. The company’s revenue has increased by 3.47 per cent to Rs 916 crore in Q2FY17 as compared to same period in previous financial year. However, its EBITDA has declined by 14.61 per cent to Rs 156 crore in Q2FY17 on a yearly basis. Dilip Buildcon’s EBITDA margin has contracted by 359 basis points to 16.97 per cent in Q2FY17 as compared to same period in previous fiscal. The company has posted net profit of Rs 6.56 crore in Q2FY17 against net profit of Rs 39.97 crore in Q2FY16.
Out of Rs 430 crore raised from primary markets, Dilip Buildcon has utilised Rs 426 crore till date. The remaining Rs 4 core will be utilised for pre-payment of loans and general corporate purpose.
On the half yearly front, Dilip Buildcon’s top line has increased by 11.75 per cent to Rs 1958 crore in H1FY17 as compared to same period in previous fiscal. However, the company’s EBITDA has reduced by 7.46 per cent to Rs 360 crore in H1FY17 on a yearly basis. Its bottom line has dropped by 51.53 per cent to Rs 56.46 crore in H1FY17 on a yearly basis.
The share price of Dilip Buildcon has decreased by 5.36 per cent on bourses in early trades; and is trading at Rs 239.9 on an intraday basis.
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