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videos | IST

Dilip Buildcon eyes Rs 10,000 crore topline, margins in range of 17-18% in FY19

Construction company Dilip Buildcon posted a mix set of earnings in the quarter ended March 31 .
The company saw a solid topline and margin growth in the fourth quarter (Q4) but the results missed analysts' estimates.
Rohan Suryavanshi, head-strategy & planning at the company discussed the company's Q4 performance and also clarified on rumors doing the rounds about resignation of auditors.
Suryavanshi called rumors as baseless, adding that the company and the auditor will be sending notice to exchanges soon regarding the same.
Talking about fiscal 2019, he said, “This year we are targeting Rs 10,000 crore plus of topline and margins will be in the same 17-18 percent range.”
On the working capital front, Suryavanshi said, “From last year, 130 days or so it has reduced to 96-97 days. If you look at our last four year graph, it has come down significantly every year. So we are confident that this track will continue.”