Dilip Buildcon sparks up on order inflow
DSIJ Intelligence / 28 Mar 2017
Dilip Buildcon has won orders of two projects from Ministry of Road Transport & Highways (MORTH) in the State of Maharashtra.
Dilip Buildcon has won orders of two projects from Ministry of Road Transport & Highways (MORTH) in the State of Maharashtra. The Company’s stock price increased 2.98 per cent in early trade, and is trading at Rs 348.7 on an intraday basis.
Dilip Buildcon will work on rehabilitation and upgradation of two-laning with paved shoulders on EPC mode from Kalamb to Wadki, with total length of 50.275 km, worth Rs 292.5 crore. The company will also work on EPC mode from Mantha Taluka border to Barshi or total length of 57.518 km, worth Rs 288 crore.
On the financial front, Dilip Buildcon’s revenue has increased 22.5 per cent to Rs 3347 crore in 9MFY17 as compared to same period in previous financial year. The company’s EBITDA too has risen 11 per cent to Rs 646 crore in 9MFY17 on a yearly basis. Its PAT also increased 2.93 per cent to Rs 165 crore in 9MFY17 as compared to same period in previous fiscal.
Dilip Buildcon was declared successful bidder for Rs 3269 crore road projects. The company has an order book valued more than Rs 14000 crore as of September 2016.
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