Infra Developer Dilip Buildcon Q2 Profit Falls 33% To Rs 17.18 Crore

Infrastructure developer on Friday reported 33.41 per cent 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 per cent on a year-on-year basis to Rs 1,603.4 crore.

Irrigation segment recorded the 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 mining segment rose 4 per cent y-o-y to Rs 205.7 crore.

The net order book as on September 30, stands at Rs 25,620.6 crore and 50.38 per cent of it is constituted by road and highway projects, while special bridge segment contributed 8.84 per cent and mining 12.26 per cent, the company said in a statement.

It said 63.53 per cent of the order book is from the central government, 36.47 per cent of the order book is from state governments.

Bhopal based DBL has a presence in over 19 states.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more

Transforming Financial Operations With Robotic Process Automation

Author: Ricardo Goulart                           ... Read more

The Role Of Machine Learning In Fraud Detection

        Author: Gerardine Lucero                  &nbsp... Read more

Principles Of Islamic Banking And Finance

When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more

The Role Of Central Banks In Global Economy

The role of central banks in global economy is a stimulating topic that requires profound understanding. Commonly, centr... Read more

History Of Banking Evolution In The 21st Century

Throughout time, the banking sector has assumed a central role in the smooth functioning of economies, generating growth... Read more