Dilip Buildcon Revises FY26 Revenue Target, Sets Ambitious Coal Production Goals

Dilip Buildcon Limited (DBL), a prominent infrastructure company, has announced a revision in its revenue guidance for the fiscal year 2026 (FY26) and set ambitious coal production targets, signaling a strategic shift in its operational focus.

Revised Revenue Guidance

DBL has adjusted its FY26 revenue target from INR 8,500 crores to INR 8,000 crores, citing a slower-than-anticipated pace of new order inflows. Despite this downward revision, the company remains optimistic about its growth trajectory, projecting a revenue of INR 10,000 crores for FY27.

Order Inflow Targets

The company has set its sights on securing new orders worth INR 15,000 crores for FY26. DBL reports that it has already bagged orders totaling INR 5,500 crores, indicating a strong start towards achieving this target.

Coal Production Ambitions

In a significant move, DBL has announced substantial coal production targets for FY26:

Siarmal and Pachhwara mines: The company aims to produce 32 million metric tonnes of coal across these two mines.

This ambitious coal production target underscores DBL's diversification strategy and its growing presence in the mining sector.

Financial Performance

The company's financial results for the quarter ended September 30, 2025, reflect its operational dynamics:

Particulars	Q2 FY26 (INR Crores)	Q2 FY25 (INR Crores)	YoY Change
Total Income from Operations	145,423.53	219,768.90	-33.83%
Net Profit Before Tax	2,313.52	4,662.44	-50.38%
Net Profit After Tax	6,490.14	14,437.47	-55.05%

The financial data indicates a challenging quarter with significant year-over-year declines in revenue and profitability.

Market Position and Outlook

While the revised revenue guidance for FY26 represents a more conservative outlook, DBL's projection for FY27 indicates confidence in its long-term growth prospects. The company's focus on diversifying into coal production, alongside its core infrastructure business, may help in creating new revenue streams and mitigating risks associated with slower order inflows in its traditional segments.

As Dilip Buildcon navigates through the current market dynamics, investors and industry observers will be keenly watching how effectively the company executes its strategy to achieve these revised targets and production goals.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.93%	-2.90%	-7.07%	-1.60%	+2.34%	+30.83%

Dilip Buildcon , India's largest road construction company, has announced its financial results for the second quarter, revealing a mixed performance with improved margins but decreased revenue and profit.

Financial Performance

The infrastructure giant reported a consolidated net profit of ₹182.00 crore for Q2, marking a 22.8% decline from the same period last year. The company's revenue from operations also saw a significant drop, falling 21.8% to ₹1,925.00 crore. Despite these decreases, Dilip Buildcon managed to improve its operating margin to 24.5%, up from 20.32% in the previous year's corresponding quarter.

Particular (₹ Cr.)	Q2 Current	Q2 Previous	Y-O-Y (%)
Revenue from operations	1,926.00	2,461.00	-21.74%
EBITDA excl. other income	471.00	500.00	-5.80%
EBITDA Margin (%)	24.45%	20.32%	4.14%
Profit after tax	214.00	266.00	-19.55%
PAT Margin (%)	11.11%	10.81%	0.30%

Project Acquisitions and Order Book

Despite the challenging quarter, Dilip Buildcon has secured new projects worth ₹5,665.00 crore across various infrastructure sectors:

Irrigation Project in Rajasthan (₹2,034.00 crore)
Metro Project in Haryana (₹1,277.00 crore)
Urban Development Project in Kerala (₹1,115.00 crore)
Road Project in Tamil Nadu (₹700.00 crore)
Renewable Energy Project in Madhya Pradesh (₹279.00 crore)
Metro Project in Odisha (₹260.00 crore)

These new acquisitions have helped maintain a strong order book of ₹18,610.00 crore as of September 30. The company's order book reflects a diversified portfolio across key infrastructure sectors:

Irrigation (25.89%)
Mining (21.96%)
Roads and Highways (14.02%)
Tunnels (9.93%)
Special Bridge and Urban Development (9.86%)
Metro (8.82%)
Optical Fiber (5.18%)
Water Supply (2.84%)
Renewable Energy (1.50%)

Project Completions

During the quarter, Dilip Buildcon completed several significant projects:

A six-lane highway section in Chhattisgarh (56.7 km) worth ₹925.00 crore
A four-lane expressway section in Andhra Pradesh (29 km) worth ₹680.00 crore
A four-lane highway section in Tamil Nadu and Puducherry (38 km) worth ₹817.00 crore

Outlook

The decrease in revenue and profit may be attributed to slower project execution. However, the company's ability to secure new projects worth ₹5,665.00 crore and maintain a strong order book of ₹18,610.00 crore suggests potential for future growth. The diversification of the order book across multiple infrastructure sectors may help mitigate risks associated with any particular segment.

Investors and analysts will likely be watching closely to see how Dilip Buildcon leverages its improved margins and diverse project portfolio to navigate the challenges in project execution and return to revenue growth in the coming quarters.