Dredging Corporation posts Rs 15 cr profit
Dredging Corporation of India Ltd (DCI) on Friday announced returning to black as it posted a net profit of Rs 15.15 crore for the April-June quarter on account of reduced expenses.
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New Delhi: Dredging Corporation of India Ltd (DCI) on Friday announced returning to black as it posted a net profit of Rs 15.15 crore for the April-June quarter on account of reduced expenses. The company had reported a net loss of Rs 15.71 crore in the April-June period of 2022-23. The total income declined to Rs 205.18 crore in the first quarter from Rs 218.36 crore in the year-ago quarter, according to an exchange filing. Expenses declined to Rs 189.53 crore from Rs 233.83 crore in April-June FY23. Its earnings before interest, taxes, depreciation and amortization (EBIDTA) jumped more than two-fold to Rs 55.86 crore in the April-June quarter over Rs 25.10 crore in the same period of the last year.
