Revenue for the company surged by 67% from the same quarter last year to ₹462.4 crore. On a sequential basis, the topline also rose by 42.5%.
Dredging Corporation posted a net profit of ₹21.4 crore, compared to a loss of ₹26 crore in the year-ago quarter. The company’s bottomline grew 33% quarter-on-quarter as against ₹16.1 crore profit it reported in the December quarter.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) zoomed 300% from the same quarter a year earlier to ₹76.7 crore.
EBITDA margins for the quarter saw a 970 basis points expansion from last year to 16.6%, which was also higher than the December quarter’s 16.2%.
Dredging Corporation reported FY25 revenue of ₹1,142 crore, up from ₹945 crore in FY24. The company posted a profit of ₹33.2 crore, reversing a ₹27.5 crore loss last year. FY25 also included an exceptional expense of ₹18 crore.
Dredging Corporation of India’s shares are currently trading 16.30% higher at ₹787.05. Despite today’s gain, the stock has fallen 6% so far in 2025.
