Dilip Buildcon Limited, a multi-asset infrastructure platform, has announced its audited financial results for the fourth quarter and financial year ended March 31st, 2026.

Over the last three years, DBL has strategically expanded beyond its core EPC business into mining, infrastructure assets and other long-duration contracted businesses. DBL 2.0 formalizes this evolution toward a more diversified infrastructure platform with improving revenue visibility and cash-flow generation.

Financial Performance – Q4FY26 (Consolidated Basis)

• Revenue from Operations: ₹2,300 crore
• EBITDA: ₹392 crore
• EBITDA Margin: 17.06%
• Profit After Tax (PAT): ₹124 crore

For the financial year ended March 31st, 2026, the Company reported consolidated revenue from operations of ₹8,984 crore, EBITDA of ₹1,766 crore (margin 19.66%) and PAT of ₹1,398 crore. The Company’s consolidated net debt stood at ₹ 7,244 crore as of March 31st 2026.

Financial Performance – Q4FY26 (Standalone Basis)

• Revenue from Operations: ₹ 1,860 crore
• EBITDA: ₹199 crore
• EBITDA Margin: 10.70%
• Profit After Tax (PAT): ₹67 crore

For the financial year ended March 31st, 2026, the Company reported standalone revenue from operations of ₹7,005 crore, EBITDA of ₹734 crore (margin 10.48%) and PAT of ₹842 crore.

Order Book at An All-Time High:

As of March 31st, 2026, Dilip Buildcon’s order book stood at ₹28,830 crore. The order book is well diversified across verticals.

Dilip Suryavanshi, Chairman and Managing Director, Dilip Buildcon Limited, said, “For over three decades, we have been building infrastructure across India and have navigated multiple industry cycles, including geopolitical disruptions, commodity volatility, election-year slowdowns and global macroeconomic uncertainties. Q4 FY26 reflected some of the external challenges. However, these developments also reinforce the importance of the strategic transition we had already initiated through DBL 2.0, which was conceptualized well before the current phase of geopolitical concerns. Over time, the Company aims to build a portfolio where a substantial share of profitability is driven by contracted assets with 25–50 year lifespans, strengthening the long-term sustainability of the business.”

Commenting on the performance, Devendra Jain, CEO, Dilip Buildcon Limited, said: “Q4 FY26 performance remained in line with our expectations amid slower industry-wide order awarding activity. Margins during the quarter were impacted by elevated input costs and lower asset utilization. However, we believe these pressures are temporary in nature. During FY26, the Company continued to strengthen its order book and further diversify across mining and infrastructure asset businesses”.

Speaking about the results, Rohan Suryavanshi, Head- Strategy and Planning said: “Our debt profile remains largely asset-backed and project-linked in nature, supported by long-term infrastructure assets and cash-generating businesses. Over the medium term, the Company remains focused on strengthening its balance sheet through operating cash flows from EPC business, mining operations, InvIT distributions and disciplined capital allocation. DBL 2.0 is aimed at gradually creating a more balanced infrastructure model where long-duration contracted assets complement the EPC business and contribute meaningfully to long-term profitability, cash-flow visibility and return ratios.”

Outlook:

DBL will continue to:

·      DBL to be nearly net debt free over medium term

·      Strengthen mining operations as a core cash-flow driver

·      Build recurring cash flows through selective expansion of PPP assets and InvIT portfolios.

·      Maintain capex discipline and capex management.