Dilip Buildcon hits new high on strong Q4 results; stock zoom 130% in 2017

The company reported a net profit at Rs 196 crore in Q4 against Rs 60 crore in a year ago quarter

Dilip Buildcon hit a record high of Rs 529, up 8% on BSE in intra-day trade in otherwise weak market, after the company reported a more than three-fold jump in net profit at Rs 196 crore for the quarter ended March 2017 (Q4FY17).

The company engaged in construction of roads & highways business had profit of Rs 60 crore in the same quarter last fiscal.

Revenue during the quarter under review rose 28% to Rs 1,754 crore against Rs 1,367 crore in the corresponding quarter of previous year.

Earnings before interest, tax, depreciation and amortization (Ebitda) margin