Rs 18,600 Crore Order Book: Infra Company Emerges L-1 Bidder for Twin-Tube Unidirectional Tunnel Konkan Railway Tender – Net Profit Surged by 14,542 Per cent in FY24!

Ace Investor Akash Bhansali made a fresh entry and bought a 1.18 per cent stake in the company.

The Small-Cap infrastructure company has been declared as the L-1 bidder for a tender issued by Konkan Railway Corporation Ltd. The project involves the Engineering, Procurement & Construction (EPC) of a twin-tube unidirectional tunnel (2 lanes in each traffic direction) in the Kozhikode and Wayanad districts of Kerala. The scope includes the construction of a four-lane approach road providing direct connectivity between Anakkampoyil, Kalladi, and Meppadi, spanning from Km 0.460 to Km 8.735 (Project length: 8.275 km) - Package-II. The order must be executed within 48 months.

Dilip Buildcon Ltd, incorporated in 2006, is currently engaged in the development of infrastructure facilities on an Engineering, Procurement, and Construction (EPC) basis. The company undertakes contracts from various government entities, other parties, and special-purpose vehicles promoted by the company.

Today, the shares of Dilip Buildcon Ltd closed at around Rs 562 per share on the BSE. The company’s current market capitalization stands at Rs 8,217.28 crore. Additionally, the shares have delivered an impressive return of around 40 per cent in the past 3 months.

As per the Quarterly Results, in the Q1 FY25, Dilip Buildcon Ltd recorded a revenue of Rs 3134 crore compared to Rs 2921 crore. The operating profit stood at Rs 478 crore. The net profit stood at Rs 140 crore compared to a profit of Rs 12 crore representing a gain of 1066 per cent YoY. Looking at the annual performance, the company generated a revenue of Rs 12012 crore in FY24. The operating profit for FY24 was Rs 1421 crore with a net profit of Rs 201 crore compared to a loss of Rs 1 crore in FY23 representing a gain of 14,542 per cent YoY.

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Investors must keep this stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.