Shares of Dilip Buildcon Ltd were trading at Rs 470, down 1.07% or Rs 5.10, in Friday’s session, November 14, after the company reported a weak set of Q2 FY26 numbers.

The infrastructure major posted a net profit of Rs 182 crore, a 22.8% decline from Rs 235 crore in the same quarter last year. Revenue from operations also fell sharply by 21.8% YoY to Rs 1,925 crore, compared with Rs 2,461 crore in Q2 FY25.

The company reported EBITDA of Rs 470.6 crore, down 5.8% from Rs 499.5 crore a year earlier. However, operating margins improved to 24.5%, higher than the 20.3% reported last year.

As of September 30, 2025, Dilip Buildcon maintained a net order book of Rs 18,610 crore. The segment-wise order mix includes Roads & Highways (14.02%), Mining (21.96%), Irrigation (25.89%), Tunnels (9.93%), Water Supply (2.84%), Optical Fiber (5.18%), Special Bridge & Urban Development (9.86%), Metro (8.82%) and Renewable Energy (1.50%).

During the quarter, the company secured several major projects across states, including:

  • Rajasthan: Rs 2,034 crore irrigation project under HAM

  • Haryana: Rs 1,277 crore metro project on EPC basis

  • Madhya Pradesh: Rs 279 crore solar project (100 MW)

  • Kerala: Rs 1,115 crore urban development project under CBIC

  • Tamil Nadu: Rs 700 crore four-laning project under HAM

  • Odisha: Rs 260 crore EPC project for South Eastern Railway

Shares reacted mildly negative as project execution slowed, impacting topline and bottomline performance for the quarter.

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