Q3FY18 Result: Dilip Buildcon shows impressive performance
Dilip Buildcon standalone revenue for the quarter came in at Rs. 1,942.11 crore, registering 39.8 per cent yoy increase.
EBITDA for the quarter rose by 24.2 per cent yoy to Rs. 344.69 crore with a corresponding margin contraction of 223 bps. EBITDA margin for the quarter stood at 17.7 per cent. This margin contraction was mainly due to rise in operating cost in proportionate to sales (77.9 per cent in Q3FY18 compared to 74 per cent in Q3FY17).
The PAT for the quarter came in at Rs. 164.69 crore, yoy increase of 51.6 per cent. This was due to tax credit in the quarter as against effective tax rate of 5.3 per cent corresponding quarter of last year.
Dilip Buildcon Ltd 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 company. It operates through construction and engineering contracts segment. Its business of construction and development of real estate is at nascent-stage.
On Monday, the stock of Dilip Buildcon remained on uptrend and surged almost 5 per cent and closed at Rs. 974.1 per share.