The company reported profit before tax of Rs 87.02 crore in Q2 FY23 as compared to a pre-tax loss of Rs 26.65 crore recorded in Q2 FY22.

Total expenses rose 1.5% year on year to Rs 2,222.78 crore in Q2 FY23. Cost of materials consumed and operating expenses was at Rs 1,919.53 crore (up 4.84% YoY) while employee expenses stood at Rs 44.96 crore (down 12.56% YoY).

EBITDA excl. other income in Q2 FY23 stood at Rs 261.3 crore, up 14.79% from Rs 227.7 crore posted in Q2 FY22. EBITDA margin improved to 11.55% in Q2 FY23 as compared to 10.56% reported in the same period last year.

The company's revenue from roads, special bridges & tunnels segment stood at Rs 1,812.9 crore (down 2% YoY), revenue from Irrigation segment was at Rs 148.8 crore (up 128% YoY) and revenue from Metros & Airports segment stood at Rs 128.7 crore (up 61% YoY) in Q2 FY23. Meanwhile, revenue from Mining segment came at 134.1 crore (up 1% YoY) in the quarter ended 30 September 2022.

The net order book as on 30 September 2022 stood at Rs 26,337.5 crore.

On consolidated basis, the company reported a net profit of Rs 17 crore in Q2 FY23 as against a net loss of Rs 444.47 crore reported in Q2 FY22. Revenue from operations surged 17% year on year to Rs 2,595.78 crore recorded in the quarter ended 30 September 2022.

Dilip Buildcon is one of the leading full-service infrastructure company with construction capabilities in roads & bridges, mining, water sanitation, sewage, dams, irrigation, industrial, commercial and residential buildings with a presence in over 19 states & 1 union territory.