Dilip Buildcon Reports Q1 FY27 Results; Reaffirms Net Debt-Free Target as Order Book Hits ₹27,691 Crore

Dilip Buildcon Reports Q1 FY27 Results; Reaffirms Net Debt-Free Target as Order Book Hits ₹27,691 Crore​

Dilip Buildcon Limited, a diversified infrastructure company, announced its reviewed financial results for the first quarter of fiscal year 2027 (Q1FY27) ending June 30, 2026. The Company reported consolidated revenue from operations of ₹2,378 crore and reaffirmed its goal to achieve a net debt-free status by FY28.

The infrastructure platform saw its order book stand at ₹27,691 crore as of June 30, 2026. This figure reflects the continuous growth in new project acquisition, including a recent EPC win for the Ged Barrage project in Gujarat, alongside incremental orders secured for projects at Siarmal and Pachhwara mining MDOs.

Financial Performance Overview​

The Company's performance showed sequential improvement in operating metrics. Consolidated EBITDA margin expanded to 18.1% in Q1FY27, up from 17.1% in the preceding quarter (Q4FY26).

The financial results for Q1FY27 on a consolidated basis are as follows:


For the standalone basis, Dilip Buildcon reported consolidated revenue from operations of ₹1,930 crore.

Order Book and Segmental Contribution​

The consolidated order book stands at ₹27,691 crore across various infrastructure verticals. These verticals include roads and highways at 17.1%, irrigation and water at 18.1%, mining at 20.9%, and other verticals (including rail, tunnels, urban development, and renewable energy) accounting for 43.9%.

Segmental revenue streams highlighted the strength of the EPC business in the standalone segment during Q1FY27. Mining operations contributed a significant share to activity through projects like Siarmal and Pachhwara coal MDOs and Pottangi bauxite MDO. Income from the InvIT platform continued to support long-duration, contracted cash flows as part of the DBL 2.0 diversification strategy.

The gross revenue breakdown for Q1FY27 was:

• EPC business: ₹1,752 crore
• Mining: ₹392 crore
• Income from InvITs: ₹34.77 crore

Debt and Strategic Focus​

As of June 30, 2026, the Company's standalone net debt stood at ₹2,106 crore, up from ₹1,880 crore in March 2026 and ₹1,661 crore as of June 30, 2025. The management reiterated confidence in meeting the FY28 target of achieving a net debt-free standalone balance sheet.

Commenting on the results, Mr. Dilip Suryavanshi, Chairman and Managing Director, stated that Q1 FY27 aligns with the DBL 2.0 philosophy—One Platform, 3 Engines, 12 verticals working together to deliver sustainable, capital-efficient growth. He noted that the company's execution discipline, built over more than 35 years, continues to support opportunities across all twelve verticals, including long duration mining MDO contracts.

Mr. Devendra Jain, CEO of Dilip Buildcon Limited, explained the balance sheet position, noting that the increase in standalone net debt primarily reflects a build up in trade receivables due to extended billing cycles and equipment mobilization for new projects such as Ged Barrage and ERCP Bandh Baretha. He reaffirmed their commitment to strengthening the balance sheet through operating cash flows and disciplined capital allocation.

DBL Stock Price Movement​

Dilip Buildcon Limited shares shed 2.66% in trading today, closing down at ₹442.75. The stock traded on a total volume of 1.89 million shares.