Q3 2024 Dilip Buildcon Ltd Earnings Call Transcript
Key Points
- Revenue increased by 8.08% YoY in Q3 FY24, reaching INR25,711 million.
- EBITDA grew by 27.55% YoY in Q3 FY24, with margins improving due to better project execution and reduced construction material prices.
- Profit after tax rose by 19.87% YoY in Q3 FY24, driven by improved EBITDA margins.
- The company reduced its debt by INR5,315 million during FY24, improving the net debt equity ratio to 36 basis points.
- Dilip Buildcon Ltd (BOM:540047) has a diversified order book of INR218,429 million, providing strong visibility for future growth.
- Order inflow for the year has been slower than expected, with only INR2,600 crores secured against a target of INR8,000 crores.
- The company faces challenges from increased competition in the road sector, impacting growth opportunities.
- Working capital days have only marginally improved, from 72 days to 67 days.
- The company has a high tax rate of 35%, which is expected to continue in FY25 and FY26.
- There are uncertainties regarding the timing of government project awards, which could impact revenue targets.
Ladies and gentlemen, good day, and welcome to Dilip Buildcon Limited Q3 and nine months FY24 conference call hosted by S-Ancial Technologies. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Jill Chandrani from S-Ancial Technologies. Thank you, and over to you, ma'am.
Thank you. Good evening, everyone. Welcome to Dilip Buildcon Q3 9M FY24 earnings call. From the management, we have with us Mr. Devendra Jain, Managing Director and CEO; Mr. Rohan Suryavanshi, Head Strategy and Planning; and Mr. Sanjay Kumar Bansal, CFO.
Before we proceed with the call, let me mention the standard disclaimer. The presentation that we have uploaded on the stock exchange, including the interaction in this call, contains or may contain certain forward-looking statements concerning our business prospects and profitability, which are subject to certain uncertainties and actual results could differ from those.
Now I request the management to take
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