Dilip Buildcon Limited, through its joint venture with RBL, has been declared the lowest bidder (L1) for a metro project floated by Gurugram Metro Rail Limited (GMRL). The contract is valued at ₹1,503.63 crore, inclusive of GST.
The mode of execution is item rate, and the timeline for completion is 30 months.
The contract includes the construction of a 15.22-kilometre viaduct and 14 elevated metro stations. It also covers a 1.85 km spur to the Dwarka Expressway, a ramp to the Sector 33 depot, and an underpass at Bhaktawar Chowk. Pre-engineered building structures and architectural finishing works are excluded.
While this order covers part of the Gurugram Metro Corridor, the full corridor spans 26.65 kilometres from Millennium City Centre to Cyber City. The total corridor includes 27 stations, some of which are outside the scope of the current contract. A spur from Basai Village to the expressway is also part of the overall plan.
In Q1 FY26, the company reported revenue from operations of ₹2,620 crore, reflecting a sequential decline of 15.37% compared to ₹3,096 crore in Q4 FY25, and a year-on-year drop of 16.40% from ₹3,134 crore in Q1 FY25. Despite the fall in revenue, EBITDA (excluding other income) stood at ₹520 crore, marking an 8.79% increase from ₹478 crore in Q1 FY25, although it declined 21.33% from ₹661 crore in the previous quarter.
The EBITDA margin came in at 19.85%, showing a year-on-year improvement of 460 basis points but a quarter-on-quarter contraction of 150 basis points. Profit after tax rose significantly year-on-year by 93.57% to ₹271 crore, with the PAT margin improving to 10.34% from 4.47% in Q1 FY25.
Read more: Dilip Buildcon: Revenue Fell While Profits Grew ~94% in Q1FY26!
As of June 30, 2025, the company’s order book was valued at ₹13,695 crore. Mining projects contributed 28.86%, while roads and highways made up 17.81%. The remaining portfolio included metro, urban development, tunnels, water supply, and related infrastructure.
As of 9:50 AM on August 4, 2025, Dilip Buildcon share price was trading at ₹473.95, a 3.31% increase.
The Gurugram metro project adds to DBL’s infrastructure portfolio, with a clear 30-month execution timeline and a defined project scope under a domestic contract.
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Published on: Aug 4, 2025, 9:57 AM IST
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