Dredging Corporation of India has reported challenging third quarter results with revenue declining to ₹2.8 billion compared to ₹3.2 billion in the same quarter of the previous year, while recording a net loss of ₹246 million against a net profit of ₹160 million in the prior year period.

Financial Performance Overview

The company's quarterly results demonstrate significant deterioration across key financial metrics, with both revenue and profitability showing negative trends on a year-on-year basis. The EBITDA performance also reflects this challenging operating environment.

EBITDA and Margin Analysis

The company's EBITDA declined to ₹329 million from ₹523 million in the corresponding quarter of the previous year, representing a decrease of ₹194 million. More concerning is the compression in EBITDA margin, which fell to 11.9% from 16.12% year-on-year, indicating deteriorating operational efficiency and profitability at the core business level.

Revenue and Profitability Impact

The revenue decline of ₹0.4 billion represents a substantial drop in the company's top-line performance, indicating potential challenges in securing new contracts or completing existing projects. This revenue contraction, combined with the swing from profitability to losses and reduced EBITDA margins, suggests operational difficulties or increased cost pressures affecting the dredging company.

The negative variance of ₹406 million in net results highlights the magnitude of the financial performance deterioration, reflecting the company's current operational environment and market conditions during this quarter.

Dredging Corporation of India Limited has officially transitioned to a new Registrar and Share Transfer Agent (R&TA), marking a significant operational change for the company's registry management. The announcement, made through a formal communication to stock exchanges on January 27, 2026, outlines the complete transfer of registry services from the previous agent to the newly appointed firm.

New Registrar Appointment Details

The company has appointed KFin Technologies Limited, Hyderabad, as its new Registrar and Share Transfer Agent effective January 1, 2026. The transition encompasses comprehensive registry services for both physical and electronic connectivity formats.

Transition from Previous Agent

The registry services were previously managed by Alankit Assignments Limited, New Delhi, whose tenure concluded on December 31, 2025. This transition was conducted following due process and in compliance with regulatory requirements under Regulation 7 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Documentation

Dredging Corporation of India Limited completed the necessary tripartite agreements with both depositories on January 21, 2026, ensuring full regulatory compliance for the registry transition. The company had initially informed stock exchanges about this planned change through a letter dated December 1, 2025, providing advance notice of the upcoming transition.

Company Information

The announcement was made by P. Chandra Kalabhinetri, Company Secretary, through official communication to both Bombay Stock Exchange Limited (Scrip code: 523618) and National Stock Exchange of India Limited (Symbol: DREDGECORP). The company maintains its head office at Dredge House, Visakhapatnam, and registered office in Delhi, operating under CIN L29222DL1976PLC008129.

This registry transition ensures continued efficient management of shareholder services while maintaining compliance with all applicable regulations and stock exchange requirements.