Key Points
BENGALURU, Nov 7 (Reuters) - India's Dilip Buildcon (DIBL.NS) reported a fourfold surge in second-quarter profit on Tuesday as the developer benefited from steady infrastructure demand in its urban and water supply business...
The Madhya Pradesh-based company, which builds projects including roads, bridges, dams, and commercial and residential properties, said its net order book as of September-end stood at 239.89 billion rupees, compared with 263.38 billion rupees a year ago...
Peer Thermax (THMX.NS) reported a roughly 45% jump in second-quarter profit, while Larsen & Toubro (LART.NS) surpassed second-quarter profit estimates on strong growth in infrastructure-related projects...
Dilip Buildcon's revenue from operations rose about 10% to 28.49 billion rupees, boosted by its engineering, procurement and construction (EPC) projects and road infrastructure maintenance segment, which accounted for more than 99% of the overall revenue...
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