Dredging Corporation of India Limited has informed the Exchange regarding a press release dated May 19, 2026, titled "Dredging Corporation of India Scripts History with Highest Ever Annual Turnover in FY 2025 26, Creating a New Benchmark & Marking a Record-Breaking Performance in its Five-Decade Journey.".
DREDGECORP · price
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Dredging Corporation of India Limited has achieved its highest ever annual turnover of Rs. 1214.09 crore in FY 2025-26, marking a record-breaking performance in its five-decade history. The company posted a profit after tax of Rs. 4.75 crore and operational profit (EBITDA) of Rs. 253.46 crore for the year. Earnings per share improved significantly to Rs. 5.28 from a negative Rs. 12.07 in the previous year, reflecting a strong turnaround. Despite challenges including rising fuel prices, increased operational costs, and geopolitical pressures, the company delivered all ongoing dredging projects efficiently and within stipulated timelines.
The company has demonstrated a remarkable turnaround with positive profitability after losses, which is a strong positive signal for shareholders. Management has set an ambitious target of Rs. 1500 crore turnover for FY 2026-27, indicating confidence in sustained growth.