Q3 standalone loss widens; NCD allotment and capital hike approved

Pat NegativeRevenue DeclineDebt Equity ThresholdResults View source PDF Explain this filing

DREDGECORP · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-9.7%Reaction day

₹1118.20

prior close

₹1083.70

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-8.7% vs market

Services peers, median of 312sector · sector level-0.1%-9.6% vs sector

On the reaction day the stock moved 8.7 pts less than Nifty Microcap 250 and 9.6 pts less than its Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-6.3

10m

-6.2

15m

-6.3

30m

-7.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-9.7-1.0-8.7-0.1-9.6

Next day

-11.9-1.8-10.2-0.3-11.7

-7.0+0.8-7.8+0.6-7.6

-7.7+1.8-9.5+1.3-9.0

-9.0+1.2-10.3+1.2-10.2

-10.0+0.7-10.8+0.5-10.5

-13.3-1.5-11.8-0.3-12.9

15d

-13.8-2.5-11.3-3.0-10.8

-13.6-7.2-6.4-6.2-7.3

-23.8-8.9-14.9-8.7-15.0

-15.6+5.5-21.0+0.4-16.0

UpDownMarket · Nifty Microcap 250Sector · Services peers, median of 312Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Dredging Corporation reported Q3 standalone loss of about Rs 24.63 crore against a profit of Rs 16.06 crore a year ago. Nine-month loss widened to Rs 82.15 crore from Rs 48.85 crore. Q3 revenue fell around 15 percent to Rs 276.08 crore. Board approved doubling authorised share capital to Rs 60 crore and allotted non-convertible debentures of Rs 111.48 crore to Cochin Shipyard. Debt to equity ratio rose to 0.94 from 0.76. Statutory auditors issued an unqualified opinion.

Likely market impact

Widening losses and rising leverage are negative. NCD allotment to parent signals support but adds debt; equity dilution risk pending shareholder approval.