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Dilip Buildcon Q2 profit falls 33% to Rs 17.18 crore

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Its total income for the quarter rose to Rs 2,197.73 crore from Rs 1,997.48 crore in the year-ago period.

Dilip Buildcon Q2 profit falls 33% to Rs 17.18 crore
Infrastructure developer Dilip Buildcon Ltd (DBL) on Friday reported a 33.41 percent dip in consolidated net profit to Rs 17.18 crore for the second quarter ended September 30. The company had clocked a net profit of Rs 25.80 crore in the corresponding quarter previous fiscal.
Its total income for the quarter rose to Rs 2,197.73 crore from Rs 1,997.48 crore in the year-ago period. The total expenses during the quarter under review increased to Rs 2,140.47 crore as against Rs 1,953.66 crore a year ago.
The company said its Q2FY21 revenue from the roads and bridges segment inched up by 1 percent on a year-on-year basis to Rs 1,603.4 crore. The irrigation segment recorded revenue of Rs 18.1 crore during the quarter ended September 30, 2020, it added.
The urban development segment recorded revenue of Rs 57.9 crore during the quarter ended September 30. Q2FY21 revenue from the mining segment rose 4 percent y-o-y to Rs 205.7 crore.
The net order book as of September 30, stands at Rs 25,620.6 crore and 50.38 percent of it is constituted by road and highway projects, while the special bridge segment contributed 8.84 percent and mining 12.26 percent, the company said in a statement. It said 63.53 percent of the order book is from the central government, 36.47 percent of the order book is from state governments.
Bhopal-based DBL has a presence in over 19 states.
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