Dilip Buildcon earnings calls.

Dilip Buildcon reported a muted Q3 FY26 due to lower execution from a depleted order book in prior years, but the company has secured a record order book of ₹29,300 croreCurrent ₹29,300 crore. Reported change: +157% YoY.—the highest and most diversified in its history. Management guided for ₹10,000 crore revenue in FY27Current reported value: ₹10,000 crore revenue in FY27. No comparable prior figure is available in the source record., a 30-40% growthCurrent 30-40% growth. Reported change: +50% YoY. over FY26E, driven by the strong order book and improved awarding momentum. EBITDA margins are expected to expand to 12-13%Current reported value: 12-13%. No comparable prior figure is available in the source record. in FY27 from current ~10.4% as operating leverage normalizes. Debt reduction remains a priority, with a target of ₹700-800 crore reduction in FY27Current reported value: ₹700-800 crore reduction in FY27. No comparable prior figure is available in the source record. and net debt-free by FY28. The mining business is scaling well, with FY26 coal production guided at 30 million tonnesCurrent 30 million tonnes. Reported change: +50% YoY. and a medium-term target of 57 million tonnes by FY29. Key risk: execution delays or margin compression if the government's awarding pace disappoints or competition intensifies.