Dilip Buildcon Ltd. · NSE:DBL
Dilip Buildcon — Q2 FY26 Earnings Presentation
46 slides from Dilip Buildcon's earnings presentation, Nov 13, 2025
Slide 1: Exchange filing cover letter for investor presentation
November 13, 2025 To To BSE Limited National Stock Exchange of India Ltd. Listing Department Exchange Plaza, C-1, Block G P.J Tower, Dalal Street BandraKurla Complex, Mumbai – 400001 Bandra (E), Mumbai – 400051 Stock Symbol -540047 Stock Symbol –DBL Sub: -Investor Presentation Pursuant to regulation
Slide 2: Earnings Presentation Q2 & H1-FY26
Y on i) DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND DILIP BUILDCON LIMITED EARNINGS PRESENTATION Q2 & H1- FY26 PS Water Supply Sak x ies
Slide 3: Table of Content
©) DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND. «Table of Content Business Highlights ‘Financtal Highlights : Standalone and Consolidated Mining Business Update Equity and Divestment Tracker strategic Partnership Key Projects Update 31 “CompanyOverview ssss—s—s—s—ssQ
Slide 4: Business Highlights
DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND. Business Highlights
Slide 5: Business Highlights
| Business Highlights @ ——— WON 6 NEW PROJECTS COMPLETED 3 PROJECTS ee Ate MENT, WORTH & 5,665 Cr WORTH & 2,442 Cr U Won 2 HAM worth % 2,734 Cr in the Completed 3 HAM projects worth 26% equity stake divested in 7 2,442 Cr HAM projects. 24.99% equity stake divested in 11 HAM projects state of Rajasth
Slide 6: New Projects Won in YTD FY26
| New Projects Won in YTD FY26 Project Name Name of the Clients Contract Value Period in which excluding GST order won Construction of Feeder from Isarda to Khurana Chainpura to Bandh Baretha Bharatpur. Rajasthan Water Grid 2,034 Q2, FY26 Rajasthan Corporation Limited Construction of viaduct and 14
Slide 7: Projects Completed in YTD FY26
| Projects Completed in YTD FY26 EPC Cost Name of p 5 Scheduled COD with Actual/ Provisional the Clients Biclecu Name UNpacitens ceren EOT Completion Date National Highways Raipur-Visakhapatnam CG-2 . Authority of India Highways Limited Chhattisgarh HAM 925 08.04.2025 08.04.2025 . r Bangalore-Chenna
Slide 8: Order Book - As on date
| Order Book - As on date ( Vertical Wise y Model Wise J Renewable Optical fibre, Urban Devel rent, %964,(5%) gaya Gin) €1874, (83) Special Bridge, Road, 261, (1%) % 2,609 , (14%) Tunnel, 21,848, (10% Irrigation, 4,819, (26%) Metro & Railways, % 1,641, (9%) Water Supply, % 528, (3%) Mining, «4987, 2
Slide 9: Order Book - As on date
BJ Order Book - As on date ROADS & HIGHWAYS & 2,609 Cr. 14.02% | EARNINGS PRESENTATION Q2 FY26 | I Business Division wise order book — %18,610Cr. I aryeiter ern aT NATIONAL HIGHWA) VAAN CULAR IRRIGATION TUNNEL € 4,819 Cr. % 4,087 Cr. & 528 Cr. = 1,848 Cr. 25.89% 21.96% 2.84% 9.93% | wwwadilipbuildco
Slide 10: Order Book - As on date
BJ Order Book - As on date | EARNINGS PRESENTATION Q2 FY26 | I Business Division wise order book - % 18,610 Cr. I METRO & RAILWAYS = 1,641 Cr. 8.82% SPECIAL BRIDGES & URBAN DEVELOPMENTS & 1,835 Cr. 9.86% | wwwadilipbuildcon.com | RENEWABLE ENERGY % 279 Cr. 1.50%
Slide 11: Order Book - Trend
| Order Book - Trend 25,595 25,395 18,610 17,432 14,923 ; ; FY22 FY23 FY24 FY25 QIFY26 Q2FY26 —— | EARNINGS PRESENTATION Q2 FY26 | | wwwadilipbuildcon.com | 10
Slide 12: NHAI/MORTH-HAM Portfolio / PWD (Goa) - Observatory Tower
NHAI/MORTH-HAM Portfolio / PWD (Goa) - Observatory Tower Particulars id Project Cost Remarks 19 HAM Projects: + Shrem Group/Shrem InviT - 16 Projects -100% Divested * Cube Highways - 3 Projects -100% Divested (Rin cr.) 1 29 Completed HAM Projects 36,466 10 HAM Projects: + 7 HAM Projects - 100% dives
Slide 13: Geography Wise Order Book - As on date
| Geography Wise Order Book - As on date 9 Jammu & Kashmir, 5.18% Himachal Prades 0.77% 9 Uttarakhand, Haryana, 2.29% 6.52% Rajasthan, 13.50% 9 Madhya 9 Pradesh, 6.79% Gujarat, 6.95% Chhattisgarh, 9 0.30% Telangana, 0.70% Goa Arse Pradesh, 2.47% Karnataka, 2.12% Tamilnadu & Puducherry, 5.39% Kerala,
Slide 14: Financial Highlights: Standalone and Consolidated
CU ) DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND. Financial Highlights Standalone and Consolidated
Slide 15: Financial Highlights - Quarterly (Y-o-Y)
| Financial Highlights- Quarterly (Y-o-Y) Revenue from operations EBITDA excl. other income Profit after tax -34.91% -31.08% ——— 68.22% }—— o | i= 2 CJ mol c i] i 7) 153 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Revenue from operations EBITDA excl. other income Profit after tax 3 -21.74% 2 -5.
Slide 16: Financials Highlights - Quarterly (Q-o-Q)
J Financials Highlights- Quarterly (Q-0-Q) Revenue from operations EBITDA excl. other income oh } 24.63% | Standalone Profit after tax -66.67% —— Q1FY26 Q2 FY26 Q1FY26 Q2 FY26 Revenue from operations EBITDA excl. other income [ 26.49% [ -9.42% — v eeu ao} o 2 i = i} Q < i} o Q1FY26 Q1 FY26 Q1FY26 Q2
Slide 17: Financials Highlights - YTD FY26 (Y-o-Y)
| Financials Highlights- YTD FY26 (Y-o0-Y) Revenue from operations EBITDA excl. other income Profit after tax -24.43% -26.60% r -7.34% : 2 CJ mol c i] i 7) 177 H1, FY25 H1, FY26 H1, FY25 H1, FY26 H1, FY25 H1, FY26 Revenue from operations EBITDA excl. other income Profit after tax 3 = -18.76% 1.43% 1
Slide 18: Standalone Profit & Loss Statement
| Standalone Profit & Loss Statement (@in Cr.) Frwicun Darras | ras [vars J rman | owen | mies | nas | vere [rs | Revenue 1,417 2,177 -34.91% 2,010 -29.50% 3,427 4,535 -24.43% 9,004 Less:- Operating expenses 1,264 1,955 35.35% 1,807 -30.05% 3,071 4,050 -24.17% 8,101 EBITDA excl. other income 153 222
Slide 19: Consolidated Profit & Loss Statement
| Consolidated Profit & Loss Statement @in cr) a vo ware re rn | or] re Revenue 1,926 2,461 -21.74% 2,620 -26.49% 45. 5,596 -18.76% 11,317 Less:- Operating expenses 1,455 1,961 -25.80% 2,100 -30.71% 3,555, 4,619 -23.04% 9,166 EBITDA excl. other income 471 500 -5.80% 520 -9.42% 991 977 1.43% 2,151 EB
Slide 20: Standalone Balance Sheet
| Standalone Balance Sheet (incr) ES ASSETS EQUITY AND LIABILITIES Non-current assets Equity - — (a) Property, plant and equipment 882 941 1,003 one aay 5807 5798 5307 (b) Other Intangible Assets & CWIP 0 0 0 TOTAL EQUITY 5,969 5,957 5,473 (c) Financial assets Liabilities (i) Investments 1,247 1,295
Slide 21: Standalone Cash Flow
| Standalone Cash Flow Particulars CASH FLOW FROM OPERATING ACTIVITIES Net profit before tax as per Statement of Profit and Loss Adjustments for: Depreciation & amortization expenses Interest income Finance income due to unwinding of security deposit & financial assets (Profit)/Loss on sale of fixed
Slide 22: Quarterly - Working Capital Days
| Quarterly - Working Capital Days Sep'23 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 Sep'25 mam DebtorDays maminventorydays mmmCreditorDays — Working Capital Days Working capital days increased from 84 days as on Jun’25 to 114 days as on Sep’25 | EARNINGS PRESENTATION Q2 FY26 | www.dilipbuildc
Slide 23: Quarterly - Net Debt to Equity ratio
| Quarterly — Net Debt to Equity ratio 0.43 0.43 0.42 0.40 0.25 0.26 0.26 0.05 0.04 0.04 0.04 0.03 0.03 0.03 eo 0.02 0.02 —* ° — —e © o— a ° Sep'23 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 Sep'25 =®=Net Debt/Equity —®=Equipment Debt/Equity —®-Working Capital Debt/Equity Prawn | ses [pees re
Slide 24: Mine Development and Operator (MDO) Business Update
Mine Development and Operator (MDO)- Business Update
Slide 25: MDO - Business
i po - Business MDO Business - 2 94,027 C Mine Development and Operator (MDO) Block Name Concession Coal Production Balance Pachhwara Central Coal tenure, Peak Contract Mine MDO (7 MMT PA) Capacity & Total Value Coal Reserves - 382.81 MMT aty Contracted Actual/Planne Coal dCoal Production Production
Slide 26: MDO - Performance
i) Mp0 - Performance SIARMAL OB Production (Mn BCM) 18.02 Coal Production (Mn MT) 8.10 4.40 3.70 18.53 7.24 Coal Dispatch (Mn MT) 9.74 5.02 4.72 16.42 5.94 PACHHWARA cere en 2 OB Production (Mn BCM) 4.70 Coal Production (Mn MT). 2.68 1.19 1.49 6.87 4.61 Coal Dispatch (Mn MT) 3.46 1.51 1.95 6.91 4.10
Slide 27: Equity and Divestment Tracker
DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND. Equity and Divestment Tracker
Slide 28: Equity and Divestment Tracker
| Equity and Divestment Tracker Projects 12 Road HAM 1 ERCP HAM * ZOTL** DCMPL*** Solar**** Total Equity Requirement Total Equity Invested till Sep-25) (A+B+C+D+ E) 1,687 1374 359 - 244 7 577 341 A 1079 7 341 Equity Invested (Equity+USL+NCD) Upto Sep-25 DBL DBL Infra Assets | Infratech (100% Subsidi
Slide 29: Strategic Partnership: Anantam Highways Trust
Cie, Atrernatives 9 DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND OP) ANANTAM HIGHWAYS TRUST
Slide 30: DBL-AA Partnership - Anantam Highway Trust
| DBL- AA Partnership — Anantam Highway Trust Brief about the InvIT > Anantam Highways InvIT, jointly backed by Dilip Buildcon and Alpha Alternatives, successfully listed on NSE and BSE on October 17, 2025. > The InvIT holds seven HAM road projects (EV % 4,500 Cr.) HIGHWAYS TRUST > The investment ob
Slide 31: DBL-AA Partnership - Anantam Highway Trust
| DBL- AA Partnership — Anantam Highway Trust Anantam- After Setup > Anantam, raises = 400 Cr. from IPO with overall subscription of 5.62 times, where some marquee investors such as White Oak Capital, SBI Capital Market, Edelweiss Life Insurance & Reliance General Insurance has showed a strong respo
Slide 32: Key Projects Update
Slide 33: Key Project Progress - HAM Projects (NHAI)
| Key Project Progress — HAM Projects (NHAI) Project Name Poondiyankuppam Highways Limited** 2 Bangarupalem Gudipala Highways Limited** 3 Raipur Visakhapatnam-CG-2 Highways Limited** 4 Sannur Bikarnakette Highways Limited 5 Maradgi S Andola-Baswantpur Highways Limited 6 Mehgama Hansdiha Highways Lim
Slide 34: Key Project Progress - HAM/BOT (Other than NHAI)
I Key Project Progress - HAM/BOT (Other than NHAI) % of work done as Project Name Model on 30.09.2025 Appointed Date 1 DBL-ERCP Bandh Baretha Private Limited HAM - Awaited - 2 Construction of Observatory Towers and Viewing Galleries BOT - Awaited - —— | EARNINGS PRESENTATION Q2 FY26 | | wwwadilipbui
Slide 35: Key Project Progress - EPC Projects
| Key Project Progress - EPC Projects S) (@inCr.) Metro & Railways a Outstanding Order Book Schedule Date of Project Name Contract Value ‘as on 30.09.2025 LOA Date Date of Start Completion with EOT Surat Metro Rail Project, Phase-1 (Package CS-6) 702 87 Oct-22 Oct-22 Dec-25 Ahmedabad Metro Rail Proj
Slide 36: Key Project Progress - EPC Projects
| Key Project Progress - EPC Projects Optical Fiber Outstanding Order Book Schedule Date of Project Name Contract Value as on 30.09.2025 LOA Date Date of Start Completion with EOT Development Of Middle mile and last mile network of Bharat Net on DBOM Model - Package 13 (Jammu & Kashmir) 964 964 Mar-
Slide 37: Key Project Progress - EPC Projects
| Key Project Progress - EPC Projects S) incr) Special Bridge 5 Outstanding Order Book as Schedule Date of Project Name Contract Value ‘on 30.09.2025 LOA Date Date of Start Completion with EOT Sahibganj Bypass including Ganga Bridge and Manihari Bypass 1,697 261 Jul-20 Nov-20 Dec-26 Tunnel Outstandi
Slide 38: Company Overview
Slide 39: DBL - Overview
DBL - Overview Revenue growth 10 years CAGR of 13.00% Pan India presence 20 states & 1 Union Territory Largest owner of construction equipments 10,067 Early completion bonus FY 2012 to 2025 = 580 Cr DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND No subcontracting, vertically integrated € and use of
Slide 40: DBL - Journey
| DBL - Journey First backward integration by buying its 15t stone crusher Dilip Suryavanshi, a young civil engineer started Dilip Builders as a proprietorship firm with focus on real estate construction Converted to a private limited company to fulfil the growing ambitions of a young Company The Co
Slide 41: DBL - Journey
| DBL - Journey Sold complete portfolio of 24 road assets with an economic value of Rs. 10,500 Cr. making it the single largest road buyout transaction till that time Enters into Tunnels and Metros segments. Revenue grows to more than 120%, since the Company went public 3 years ago Highest ever orde
Slide 42: Backward Integration
| Backward Integration AS) To further support our in-house execution, we have setup our own manufacturing units, which make the highest quality road furniture / material needed for our business. It helps us control costs and timelines. Octagonal Poles Metal Beam Crash Barrier | Road Marking Paint Bu
Slide 43: Leadership Team
| Leadership Team Mr. Dilip Suryavanshi Chairman & MD Dilip Suryavanshi is the Chairman and Managing Director of our Company. He holds a bachelor’s degree in civil engineering from the University of Jabalpur. He has over 42 years of experience in the business of construction. He is currently the Pre
Slide 44: Leadership Team
| Leadership Team Bharat Singh President Bharat Singh joined Dilip Builders in 1988, prior to which he had a sole proprietorship concern. He has 39 years work of experience in the field of construction. At DBL, he is responsible for administration and management of finance and accounts. | EARNINGS P
Slide 45: Disclaimer
| Disclaimer This presentation contains certain forward-looking statements concerning DBL future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The r
Slide 46: Thank You
Thank You Dilip Buildcon Limited Mr. Gautam Jain Registered Office : Plot No. 5, Inside Govind Narayan Singh Gate, Chuna Bhatti, Kolar Road, Bhopal Madhya Pradesh - 462 016 L45201MP2006PLCO18689 Contact No : +91 99878 99747 Email : gautamjain@dilipbuildcon.co.in