Shares of Dilip Buildcon gained nearly 2 percent at the open on February 23 after the infra company executed a concession agreement with the Public Works Department in Goa.
At 9.20 am, the stock was trading at Rs 470.50 on the National Stock Exchange.
Follow our market blog for live updates
Dilip Buildcon will construct observatory towers and viewing galleries including approaches, decorative lighting, parking for New Zuari Bridge on Panjim- Mangalore section in Goa. The total cost of the project is Rs 270.07 crore, the company told exchanges .
Also read: Dilip Buildcon Consolidated December 2023 Net Sales at Rs 2,876.84 crore, up 23.87% Y-o-Y
In Q3FY24, Dilip Buildcon reported a 3.2 percent year-on-year (YoY) decline in net profit at Rs 107.4 crore. Revenue grew 23.9 percent to Rs 2,876.8 crore against Rs 2,322.4 crore in the previous fiscal. The EBITDA grew to Rs 377 crore in Q3FY24, over Rs 157.2 crore in the corresponding period.
Dilip Buildcon is a Bhopal-based infrastructure and construction company.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
