Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹2,300 Cr
verified against source
Revenue YoY
-20.62%
reported change
EBITDA
₹1,766 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Dilip Buildcon's Q4 FY26 consolidated revenue declined 20.6% YoY to ₹8,984 crore, reflecting a challenging year for the infrastructure sector. EBITDA margin improved to 19.65%, while PAT surged 66.4% to ₹1,398 crore, aided by higher other income and lower interest costs. The company secured record order inflows of ₹18,548 crore for FY26, exceeding guidance, and its order book stands at ₹28,800 crore. Management emphasized a strategic shift towards asset-light EPC and long-term MDO and InvIT platforms, targeting 75% of profits from assets by FY29. MDO coal production reached 28.72 million metric tons in FY26, with a target of 57 MMT by FY29. Guidance for FY27 includes 30-40% revenue growth, 11-12% EBITDA margin, and ₹10,000-12,000 crore order inflows. Debt reduction of ₹600-800 crore is expected in FY27, aiming for near net-debt-free status by FY28. Key risks include raw material cost inflation from geopolitical tensions and delayed evacuation at MDO mines.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects standalone revenue to grow 30-40% in FY27, driven by a healthy order book of ₹28,800 crore.
- Standalone EBITDA margin is targeted at 11-12% for FY27, consistent with previous guidance.
- The company expects to secure new orders worth ₹10,000-12,000 crore in FY27, ensuring visibility into FY30.
- Standalone debt is expected to reduce by ₹600-800 crore in FY27, aiming for near net-debt-free status by FY28.
Risks flagged
- Elevated crude oil prices have increased costs of fuel, bitumen, and transportation, impacting margins. Price escalation clauses provide only partial pass-through.
- At the Karmal mine, 6 million metric tons of coal stock is lying due to delayed evacuation by the government, temporarily pressuring MDO margins.
- Trade receivables rose to ₹1,783 crore from ₹1,384 crore YoY, partly due to uncertified claims of ₹400 crore from Jal Jeevan Mission projects, posing cash flow risk.
- Delays in project approvals and land acquisition continue to impact execution timelines, a sector-wide issue acknowledged by management.
Key quotes
- By FY 29, we anticipate 3/4s of our profits to be coming from long-term assets and only 1/4 to be coming from our EPC business.
- Our agenda is to be a near to be a net debt free balance sheet by the FY 28th.
- In the last 20 years only 10% of the total revenue that we have made has come from the state government of MP while 90% has come from national government and other states.
Research modules