Dredging Corp. Q1 FY26 Earnings Results

Company Overview:
Dredging Corporation of India Limited (DCI) provides integrated dredging services to ports, the Indian Navy, and other maritime organizations across India. Presenting below its Q1 FY26 Earnings Results.

Financial Highlights for Q1 FY26:

• Revenue: ₹242 crore, up 60.26% year-on-year from ₹151 crore
• Total Expenses: ₹266 crore, up 45.36% year-on-year from ₹183 crore
• Consolidated Net Profit: -₹23 crore, compared to a loss of -₹31 crore in the same quarter of the previous year
• Earnings Per Share (EPS): -₹8.33, improved from -₹11.21 year-on-year

Performance Insights:

• Revenue grew robustly by over 60%, indicating strong project execution and increased dredging activity for maritime clients.
• Expenses also rose sharply, up 45%, due to higher operating and project-related costs associated with the expanded workload.
• Net loss narrowed considerably, reflecting the benefit of higher revenues and partial cost absorption despite elevated expenses.
• The company continues to focus on enhancing operational capabilities and executing sizable dredging contracts.
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Outlook:

DCI aims to achieve profitability by leveraging its order book, optimizing asset utilization, and streamlining costs in FY26 and beyond.

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