Dilip Buildcon Limited has secured a major infrastructure contract worth Rs 668.02 crores for flood protection works in Gujarat. The company has been declared the L-1 bidder for the construction of flood protection embankment on river Narmada in District Bharuch, marking a significant addition to its project portfolio.

Project Details and Scope

The project has been awarded by the Narmada Water Resources Water Supply & Kalpasar Department, Government of Gujarat. The comprehensive Engineering, Procurement and Construction (EPC) contract encompasses the complete development of flood protection infrastructure along the Narmada river.

Regulatory Compliance and Disclosure

The company has made the announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure provides comprehensive details about the contract terms and conditions as required under the regulatory framework.

Key regulatory aspects of the project include:

• The contract has been awarded by a domestic entity
• No promoter or promoter group companies have any interest in the awarding entity
• The contract does not fall within related party transactions
• General contract terms apply as L-1 bidder

Trading Window Restrictions

Following the announcement, Dilip Buildcon Limited has implemented trading window restrictions as per the company's Code of Conduct for Prevention of Insider Trading. The trading window for dealing in company securities will remain closed for all insiders, designated persons, their immediate relatives, connected persons, fiduciaries and intermediaries for 48 hours from the date the information is made publicly available.

Strategic Significance

This flood protection embankment project represents a substantial infrastructure development initiative aimed at protecting the region from potential flooding of the Narmada river. The 24-month execution timeline indicates the comprehensive nature of the construction work involved in creating robust flood protection infrastructure for District Bharuch.

Dilip Buildcon Limited has announced its financial results for the quarter ended December 31, 2025, following the Board of Directors meeting held on February 10, 2026. The company reported strong performance with consolidated revenue from operations reaching ₹2,138 crores and achieving a record order book of ₹29,372 crores.

Q3FY26 Financial Performance

The company delivered robust results across both standalone and consolidated operations during the third quarter. On a consolidated basis, Dilip Buildcon reported revenue from operations of ₹2,138 crores with EBITDA of ₹382 crores, translating to an EBITDA margin of 17.87%. The profit after tax stood at ₹789 crores, which included a one-time gain of ₹585 crores.

Nine Months Performance

For the nine months ended December 31, 2025, the company reported consolidated revenue from operations of ₹6,684 crores compared to ₹8,221 crores in the corresponding period last year. The EBITDA for the nine-month period was ₹1,373 crores with a margin of 20.54%, while PAT reached ₹1,275 crores.

Record Order Book Achievement

As of December 31, 2025, Dilip Buildcon's consolidated order book reached an all-time high of approximately ₹29,372 crores. This milestone represents the highest order book in the company's history and demonstrates strong execution capabilities across diverse infrastructure segments including roads and highways, irrigation, metro rail, water supply, tunnels, mining, and other infrastructure projects.

Regulatory Compliance and Board Approvals

The Board of Directors meeting commenced at 10:30 AM IST and concluded at 1:25 PM IST on February 10, 2026, at the company's registered office. The board approved the audited IndAS standalone and consolidated financial results for the quarter ended December 31, 2025, along with the audit report, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Anantam Highways InvIT Listing

During the quarter, the company successfully listed Anantam Highways InvIT, a SEBI-registered Infrastructure Investment Trust. The InvIT is jointly backed by Dilip Buildcon as the asset contributor and Alpha Alternatives as the SEBI-registered sponsor, with a shareholding ratio of 74:26 respectively. The units were listed on both the National Stock Exchange and BSE, marking an important milestone in the company's asset-backed platform strategy.

Management Outlook

Chairman and Managing Director Dilip Suryavanshi emphasized the company's long-term vision to build a multi-asset infrastructure platform providing stable, long-term value creation. CEO Devendra Jain highlighted the company's focus on operational efficiency, disciplined capital expenditure, and balance-sheet strengthening, noting that net debt is significantly lower than its peak of ₹3,392 crores.