Rs 24,050.90 crore order book: This civil construction company reports a 122 jump in net profit and receives order worth Rs 699 crore!
The stock is up by 25 per cent in just 1 month and over 75 per cent in 3 months.
Dilip Buildcon Ltd, a leading civil construction company, announced Quarterly Results ended June 30, 2023: Details are below:
Quarterly Results: The net sales increased by 1.26 per cent to Rs 2,920.78 crore and net profit skyrocketed by 122 per cent to Rs 12.31 crore in Q1FY24 compared to Q1FY23. The EPS for Q1FY24 stood at Rs 0.87.
New Order in Q1FY24: The company received an order worth Rs 699 crore from Water Resource Department, Madhya Pradesh. The project name is Malhargarh Pressurized Micro Lift Major Irrigation Project.
Order Book Update: As of June 30, 2023, the company's order book stood at Rs 24,050.90 crore, with orders from various business divisions, including Roads & Highways, Metro, Irrigation and Water Supply.
Recently, the company has received a completion certificate for a 4-lane project of Dodaballapur Bypass to Hoskote section of NH-648 (Old NH207) on Hybrid Annuity Mode under Bharatmala Pariyojna in the state of Karnataka (Package-II)” has been provisionally completed. The Provisional Completion Certificate has been issued by the authority and had declared the project fit for entry into commercial operation as of July 21, 2023. The Provisional Completion Certificate has been issued by the authority. The project was worth Rs 1,278 crore.
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Dilip Buildcon Limited is presently in the business of development of infrastructure facilities on an EPC basis and undertakes contracts from various Governments and other parties and special purpose vehicles promoted by the Company. The company has a market cap of over Rs 4,500 crore.
On Monday, shares of Dilip Buildcon Ltd plunged 2.85 per cent to Rs 308.90 per share with the day’s high of Rs 319 and low of Rs 306.95. The stock is up by 25 per cent in just 1 month and over 75 per cent in 3 months. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.