Dredging Corporation of India Ltd, engaged in integrated dredging services for ports, the Indian Navy, and maritime organizations, reported a modest increase in revenues with losses stable compared to the prior year for Q2FY26.
Financial Highlights:
- Revenues increased 3.92% year-on-year to ₹212 crore from ₹204 crore.
- Total expenses decreased 5.36% to ₹247 crore from ₹261 crore.
- Consolidated net loss remained ₹34 crore, unchanged from the previous year.
- Earnings per share was -₹12.21 compared to -₹11.97 a year ago.
The revenue growth was supported by consistent dredging contracts, but losses persisted due to operational challenges and margin pressure.
Outlook:
Dredging Corporation of India Ltd aims to improve operational efficiencies, cost controls, and expand its dredging portfolio to move towards profitability.
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