Dredging Corporation of India Limited has informed the Exchange regarding a press release dated August 14, 2025, titled "PRESS NOTE".
DREDGECORP · price
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Awaiting price reaction for this filing.
Dredging Corporation of India Limited (DCIL) reported a strong operational performance for Q1 FY 2025-26. Revenue from operations rose 61% to ₹242.24 crore from ₹151.65 crore in the same quarter last year. EBITDA jumped 283% to ₹46.90 crore from ₹12.26 crore, reflecting better cost control and higher utilization of dredging capacity. The company remained in the red with a loss after tax of ₹23.34 crore, but this was a clear improvement over the ₹31.40 crore loss posted in Q1 FY 2024-25. Management noted that a notional foreign exchange loss of ₹19.93 crore dragged down profits, and excluding this one-off, the company would have reached breakeven for the quarter.
Strong revenue and EBITDA growth signal a meaningful operational turnaround, though the company is still loss-making. The narrowing of losses and near-breakeven result (ex-exchange loss) are positive signs for shareholders and could support a positive market reaction in the near term.