Dredging Corporation of India (DCI) has reported a significant financial turnaround in Q4 FY2023-24. The company posted a net profit of ₹21.40 crore, up 33.80% year-over-year, with revenue increasing by 42.50% to ₹462.00 crore. EBITDA grew by 46.70% to ₹76.70 crore, with margins expanding to 16.60%. For the full fiscal year, DCI reported a net profit of ₹35.70 crore, recovering from a loss of ₹196.20 crore in the previous year. The company's share price surged up to 15% to ₹779.00 following the announcement.
20May 25
Dredging Corporation of India Swings to Profit in Q4, Reports Robust Revenue Growth
Dredging Corporation of India Ltd. (DCI) has reported a significant financial turnaround in Q4. Revenue increased by 67% to ₹464.38 crore, and the company swung to a net profit of ₹21.39 crore from a loss of ₹25.97 crore in the same quarter last year. DCI is exploring business opportunities in the Middle East, South East Asia, and South Asian markets for future growth.