Dilip Buildcon dropped 1.93% to Rs 382.7 at 10:39 IST on the BSE after consolidated net profit fell 54.9% to Rs 100.42 crore on 3.4% fall in net sales to Rs 2436.44 crore in Q1 June 2019 over Q1 June 2018.
The result was announced after market hours yesterday, 5 August 2019.
Meanwhile, the S&P BSE Sensex was up by 133.45 points or 0.36% at 36,833.75.
On the BSE, 14000 shares were traded in the counter so far compared with average daily volumes of 15000 shares in the past two weeks. The stock had hit an intraday high of Rs 393 and an intraday low of Rs 367.65 so far during the day. The stock hit a 52-week high of Rs 915.75 on 6 August 2018 and a 52-week low of Rs 311.55 on 5 February 2019.
On standalone basis, the company's net profit fell 50.9% to Rs 125.24 crore on 6.1% fall in net sales to Rs 2287.97 crore in Q1 June 2019 over Q1 June 2018.
Standalone earnings before interest tax depreciation and amortization (EBITDA) fell 3.99% to Rs 424.2 crore in Q1 June 2019 from Rs 441.8 crore in Q1 June 2018. The standalone EBITDA margin rose to 18.44% in Q1 June 2019 from 18.07% in Q1 June 2018.
The company's net order book as on 30 June 2019 stood at Rs 19,029 crore. 74.35% of the order book is constituted by roads and highways project, special bridge projects contribute 3.81%, mining contributes 14.37%, irrigation projects contribute 2.82%, metro projects contribute 2.22%, tunnel projects contribute 2.26% and urban development projects contribute 0.17%.
Dilip Buildcon (DBL) is one of the leading full-service infrastructure companies with construction capabilities in roads & bridges, mining, water sanitation, sewage, dams, irrigation, industrial, commercial and residential buildings with a presence in over 17 states
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