Dilip Buildcon Hits Record High Post Q4 Earnings

Dilip Buildcon on Thursday’s trading session rallied 7.5% hitting its 52-week high of Rs 529.45 per share on the BSE at 1010 hours. The company on Wednesday posted its Q4 earnings. Company’s net profit jumped 222.5% to Rs 195.77 crore on 28.8% growth in net sales to Rs 1732.30 crore in Q4 March 2017 over Q4 March 2016.
The company in its filing to the exchanges added that the board of directors of the company has recommended a dividend of Rs 1 per share or 10% other equity shares of the company.
Dilip Buildcon is a road-focused engineering procurement construction (EPC) contractor. The company develops infrastructure across the country in diverse areas such as roads & bridges, water sanitation & sewage, irrigation, industrial, commercial & residential buildings.

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