BL Kashyap Wins ₹254 Crore DLF Contract Amid Stock Decline

The construction firm BL Kashyap and Sons has secured a Rs 254 crore contract from DLF Home Developers.

In a filing with the exchange, the company announced it has been awarded the contract for civil structural, rough finishing, and waterproofing tasks for the DLF Home Developers project located in Sector 63, Gurugram. Additionally, the company announced that the order will be carried out within 37 months from the date it is received. According to the company, there were seven significant projects in progress at the conclusion of Q2, and the order book amounts to Rs 4,000 crore.

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BL Kashyap announced a 32 percent year-over-year revenue increase for the September quarter. The company's total revenue increased to Rs 355 crore in Q2 FY26, up from Rs 267 crore in Q2 FY25.

Nonetheless, on an annual basis, BL Kashyap’s EBITDA stayed unchanged in the quarter at Rs 20 crore. Moreover, the firm announced a net deficit of Rs 8.6 crore in Q2 FY26, in contrast to a gain of Rs 9.3 crore during the same quarter of the previous year.

BL Kashyap's stock price has been in decline over the past year. Over the past year, the stock has decreased by 33.6 percent in its market value. In the same way, during the last six months, the stock has fallen by 34.2 percent. Over the past month, BL Kashyap and Sons' shares have decreased by 20.7 percent.