Event Type: Q1 FY2027 Earnings Conference Call held on August 11, 2026, at 11:00 AM IST through digital means.

Management Participants:

  • Mr. Devendra Jain – Managing Director & Chief Executive Officer
  • Mr. Rohan Suryavanshi – Head, Strategy & Planning
  • Mr. Sanjay Bansal – Chief Financial Officer

Purpose: Discussion of unaudited financial performance for Q1 FY2027 (quarter ended June 30, 2026) and strategic business updates.

Financial Period Discussed: Q1 FY2027 (April-June 2026)

Presentation Availability: The financial results and investor presentation were uploaded on stock exchanges prior to the call. The transcript is available on the company website at https://dilipbuildcon.com/investors/shareholders-centre/

Compliance Statement: The call included forward-looking statements subject to risks and uncertainties. No specific UPSI (Unpublished Price Sensitive Information) disclaimer was explicitly stated in the transcript.

Financial Highlights Disclosed:

Standalone Performance (Q1 FY27):

  • Revenue from operations: ₹1,930 crores
  • EBITDA: ₹199 crores
  • EBITDA margin: 10.32% (expanded from 10.11% in Q1 FY26)
  • Profit before exceptional items and tax: ₹72 crores (up 26% YoY)
  • Profit after tax: ₹39 crores (compared to ₹123 crores in Q1 FY26 which included ₹98 crores exceptional gain)

Consolidated Performance (Q1 FY27):

  • Revenue from operations: ₹2,378 crores (vs. ₹2,620 crores in Q1 FY26)
  • EBITDA excluding other income: ₹429 crores
  • EBITDA margin: 18.05%
  • Profit before exceptional items and tax: ₹127 crores
  • Profit after tax: ₹128 crores (vs. ₹271 crores in Q1 FY26)

Strategic and Operational Updates:

Order Book & Business Development:

  • Order book as of June 30, 2026: ₹27,691 crores
  • Diversified across 12 verticals with focus on mining, roads, irrigation, and renewables
  • Mining order book: ₹5,224 crores (3-year rolling snapshot)
  • Total mining contract value: ~₹1.03 lakh crores beyond reported order book
  • Q1 order inflow: ₹268 crores
  • FY27 order inflow guidance: ₹10,000-12,000 crores
  • Bid pipeline: ~₹1.5 lakh crores across sectors
  • L1 bidder for Sikasar to Kodar Reservoir Link Canal Pipeline project: ₹2,524 crores

Execution & Project Completion:

  • Completed three HAM projects worth ₹1,700 crores (Bengaluru-Vijayawada Expressway)
  • Nearly 90% early completion track record across portfolio

Mining Vertical:

  • Q1 coal production: 4.79 million tonnes
  • FY29 coal production target: 57 million tonnes
  • Pottangi Bauxite production yet to commence

Multi-Asset Platform & InvIT:

  • Anantam Highway Trust progressing as per roadmap
  • Group holds units: ₹1,314 crores (Anantam), ₹207 crores (Shrem InvIT)
  • Total units held: ₹1,521 crores
  • Plan to transfer balance HAM assets in phases through March 2027
  • Next tranche of 11 assets to require <₹81 crores equity investment, generating ~₹1,750 crores InvIT units
  • 1977 MW solar plant and Mekhali Interstate Transmission Project to feed into platform

Debt Position & Guidance:

  • Standalone net debt (June 30, 2026): ₹2,106 crores (vs. ₹1,880 crores March 31, 2026)
  • Working capital days: 133 (from 131)
  • Standalone net debt to equity: 0.31x
  • Consolidated net debt: ₹7,801 crores
  • FY28 target: Net debt positive on standalone balance sheet
  • FY27 debt reduction guidance: ₹600-800 crores
  • Revenue growth guidance: 30-40% for FY27
  • EBITDA margin guidance: 10-12% for FY27

Strategic Transaction Announcement:

  • Board approved stake sale in under-construction power transmission and solar projects (combined cost: ₹8,400 crores) to Alpha Alternatives
  • Transaction consideration: partly cash, partly units
  • Alpha to co-invest 49% throughout construction phase
  • Expected to reduce equity commitment and help debt reduction
  • Definitive agreements to be signed in near future

Additional Financial Details:

  • Finance cost guidance: ₹350 crores for full year
  • Working capital target: 120 days by year-end, 90 days next year
  • CAPEX guidance: <₹100 crores for standalone
  • MDO revenue recognition: Siarmal ~₹550/ton (70% realization), Pachhwara ~₹1,200/ton
  • Other income: ₹40 crores (₹26 crores dividend, ₹5 crores InvIT interest)

Additional Notes Section

The document is a transcript of the earnings conference call. No financial data beyond what was discussed in the call was disclosed in this specific document. The transcript includes the full Q&A session with analysts covering detailed operational and financial aspects.