The Economic Times
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| 21 June, 2021, 10:09 AM IST | E-Paper
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    Dilip Buildcon has bright years ahead: Why it is stock pick of the week

    Synopsis

    Dilip Buildcon has reduced debt worth Rs 293 crore during the fourth quarter of 2020-21 and raised Rs 510 crore at a price of Rs 540 per share through QIP route. This has made the company a favourite of analysts.

    Dlip Buildcon surprised the street with a y-o y revenue and net profit growth of 17% and 14% respectively during the fourth quarter of 2020-21. Despite covid related disturbances, Dilip Buildcon was able to deliver 2% revenue growth in 2020-21. However, its net profit fell by 24% dur ing 2020-21 due to cost escalations. The company's effort to increase operational efficiency has started yielding fruits and it was able to reduce the net working
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