Latest news with #DredgingCorporationofIndia
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Business Standard
21-05-2025
- Business
- Business Standard
Here's why Dredging Corp share was buzzing in trade on May 21; details here
Dredging Corp share price: Shares of Dredging Corporation of India (Dredging Corp) were in demand on Wednesday, May 21, 2025, with the scrip rallying up to 14.90 per cent to hit an intraday high of ₹777.65 apiece. However, at 10:18 AM, Dredging Corp share price was trading 11.56 per cent higher at ₹755 per share. In comparison, BSE Sensex was trading 0.86 per cent higher at 81,883.58 level. Follow Stock Market Latest Updates Today LIVE Why did Dredging Corp share price rally today? Dredging Corp share price rallied on the back of strong quarterly results in Q4FY25. The company's profit came in at ₹21 crore in the March quarter of financial year 2025 (Q4FY25), from a net loss of ₹25.97 crore in the same quarter last year (Q4FY24). Dredging Corp's revenue rose 66.5 per cent Y-o-Y to ₹462.4 crore in Q4FY25, from ₹277.8 crore in the same quarter last year. At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) zoomed over 300 per cent annually to ₹76.7 crore in Q4FY25, from ₹19.1 crore a year ago. Ebitda margin expanded 970 basis points (bps) to 16.58 per cent in Q4FY25, from 6.88 per cent in Q4FY24. ALSO READ | Biocon shares gain 2% as Japan partner launches Ustekinumab biosimilar About Dredging Corp Dredging Corporation of India (DCI), established in 1976, is a premier Indian company specialising in dredging services vital to the functioning and development of maritime infrastructure. With a strong focus on maintenance dredging, DCI plays a key role in ensuring the navigability of major and minor ports across India by maintaining the required depths in shipping channels. In addition to this core activity, DCI is also involved in capital dredging—deepening existing harbors or creating new ones to support port expansion and development. The company's range of services extends to beach nourishment, land reclamation, and project management consultancy, making it a comprehensive solution provider in the dredging sector. DCI operates a technologically advanced fleet, including cutter suction dredgers, trailer suction hopper dredgers, and inland dredgers, capable of handling a wide variety of projects. While its primary focus remains on the Indian dredging market—especially in maintenance dredging where it holds a major share—DCI has also executed international projects in countries such as Sri Lanka, Taiwan, and the UAE.
Business Standard
21-05-2025
- Business
- Business Standard
Dredging Corp sizzles after reporting turnaround Q4 numbers
Dredging Corporation of India surged 11.30% to Rs 753.20 after the company reported a standalone net profit of Rs 21.39 crore in Q4 FY25, compared with net loss of Rs 25.97crore in Q4 FY24. Revenue from operations rallied 66.40% year on year (YoY) to Rs 462.40 crore in the March 2025 quarter. The firm reported profit before tax in Q4 FY25 was at Rs 23.76 crore, compared to a pre-tax loss of Rs 25.81 crore in Q4 FY24. Total expense jumped 44.65% year on year to Rs 440.62 crore during the quarter. Employee benefits expense stood at Rs 23.78 crore (down 6.74% YoY), while other expenses stood at Rs 15.25 crore (down 88.22% YoY) during the period under review. On a full-year basis, the companys net profit declined 25.13% to Rs 1.37 crore, despite a 20.79% increase in revenue from operations to Rs 1,142.13 crore in FY25 compared to FY24. Dredging Corporation of India (DCI) is engaged in providing integrated dredging services to ports, Indian Navy and other maritime organizations in India.
Business Standard
21-05-2025
- Business
- Business Standard
Dredging Corporation of India reports standalone net profit of Rs 21.40 crore in the March 2025 quarter
Sales rise 66.40% to Rs 462.41 crore Net profit of Dredging Corporation of India reported to Rs 21.40 crore in the quarter ended March 2025 as against net loss of Rs 25.97 crore during the previous quarter ended March 2024. Sales rose 66.40% to Rs 462.41 crore in the quarter ended March 2025 as against Rs 277.89 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 27.46 crore in the year ended March 2025 as against net profit of Rs 33.18 crore during the previous year ended March 2024. Sales rose 20.80% to Rs 1142.14 crore in the year ended March 2025 as against Rs 945.50 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 462.41277.89 66 1142.14945.50 21 OPM % 16.586.92 - 12.2321.34 - PBDT 61.5813.62 352 107.45176.63 -39 PBT 23.77-25.81 LP -44.1435.81 PL NP 21.40-25.97 LP -27.4633.18 PL
Business Standard
20-05-2025
- Business
- Business Standard
Knowledge Marine & Engineering Works wins order of Rs 10.77 cr
Knowledge Marine & Engineering Works has been awarded a work order from Dredging Corporation of India for the work of conducting single beam and multi beam surveys (with hull/ side mounted transducer) with suitable steel hull survey launch and dinghy boat with equipment and manning etc., at Deendayal Port. The contract is for a period of three years and is valued at Rs 10.77 crore. Connect with us on WhatsApp
Economic Times
20-05-2025
- Business
- Economic Times
Dredging Corporation turns profitable with Q4 net at Rs 21 crore
Dredging Corporation of India (DCI) on Tuesday reported a net profit of Rs 21.39 crore for the March 2025 quarter, mainly on the back of increased income. It had posted a loss of Rs 25.97 crore in January-March period of preceding 2023-24 fiscal, the company said in an exchange filing. ADVERTISEMENT DCI increased its total income to Rs 464.38 crore in the fourth quarter from Rs 278.80 crore in the same quarter a year ago, registering a rise of 67 per cent. Speaking to PTI, company's MD and CEO Durgesh Kumar Dubey said, "We have ended the fourth quarter delivering positive financial numbers. We will try to maintain this momentum in the coming quarters." The company is also looking for business opportunities in the Middle East, South East Asia and South Asian markets along with domestic market where players like AMNS India, JSW Group and Adani Group are looking to expand their port operations, said Dubey, who is also the Deputy Chairman of Visakhapatnam Port Authority (VPA). On the outlook for the sector, Dubey said the port sector is on a growth trajectory driven by government-led initiatives like Sagarmala Programme. Based in Visakhapatnam in Andhra Pradesh, DCI is a premier dredging company under the administrative control of four major ports of India -- Visakhapatnam Port Authority, Jawaharlal Nehru Port Authority (Mumbai), Paradip Port Authority and Deendayal Port Authority (Kandla). (You can now subscribe to our ETMarkets WhatsApp channel)
