Dredging Corporation of India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
DREDGECORP · price
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Dredging Corporation of India reported standalone revenue from operations of ₹24,224.46 lakhs in Q1 FY26, up about 61% from ₹15,079.61 lakhs in Q1 FY25. However, total expenses rose sharply to ₹26,650.29 lakhs (vs ₹18,263.57 lakhs last year), leading to a net loss of ₹2,333.24 lakhs, though the loss narrowed from ₹3,140.48 lakhs a year earlier. The company posted a loss per share of ₹8.33 (vs ₹11.22). Key ratios show a weakening balance sheet: debt-equity rose to 0.87:1 from 0.76:1, the current ratio slipped below 1 to 0.96:1, and operating margin remained razor-thin at 0.12%. The statutory auditors issued an unqualified (unmodified) opinion on the results.
Strong top-line growth is a positive, but persistent losses, rising leverage, and a current ratio below 1 signal ongoing financial stress. Near-term stock sentiment is likely cautious despite the revenue rebound and shrinking quarterly loss.