Shares of Dilip Buildcon Ltd surged 3% to touch a day’s high of Rs 479 on 4th August after the company announced that its joint venture with RBL Bank has been declared the lowest (L1) bidder for a railway construction project worth Rs 1,503.6 crore issued by Gurugram Metro Rail.

The project includes building a viaduct and 14 elevated stations from Millennium City Centre to Sector 9 and Dwarka Expressway (1.85 km). It also includes a ramp to the depot at Sector 33. The JV will also construct an underpass at Bhaktawar Chowk. Additionally, it will work on the Gurugram Metro Corridor between Millennium City Centre and Cyber City (26.65 km), excluding PEB and architectural finishing.

Additionally, it will construct a spur from Basai village to the Dwarka Expressway (1.85 km). This brings the total number of stations under the contract to 27. The project is expected to be completed in 30 months.

On 29th July, Dilip Buildcon reported a 93.6% year-over-year rise in Q1 FY26 net profit to Rs 271 crore. This was driven by better margins and a one-time gain of Rs 169.3 crore. EBITDA grew 8.7% to Rs 520 crore, with margins improving to 19.8% from 15.2%.

Revenue, however, fell 16.4% to Rs 2,620 crore, reflecting weak EPC ordering activity. The company’s order book stood at Rs 13,695 crore as of 30th June, 2025. It was led by mining (28.9%) and roads & highways (17.8%), with the rest from irrigation, tunnels, water, bridges, metro, and other projects.

MD & CEO Devendra Jain said coal mining and HAM road projects have helped cushion the EPC slowdown.

At 10:39 AM, the shares of Dilip Buildcon were trading 2.98% higher at Rs 472.40 on NSE.

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