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DCI Post Rs. Profit of Rs 27.22 crore in Q3

Visakhapatnam: Dredging Corporation of India Limited (DCIL), a leader in the dredging industry, posted a Benefit Rs 27.22 crore for quarter three (Q3) of 2023-24 financial year Whereas in the same quarter last year it was Rs 13.84 crore.
DCI announced it earnings per share (EPS) is at Rs. 9.72 for Q3. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter stood at Rs 69.59 crore, compared to Rs 59.71 crore in the same quarter last year.
Several important dredging projects were successfully completed in the third quarter of this financial year and contributed to the growth in DCI’s revenues. The company continued its focus on operational excellence in the quarter. Dr. Madhaiyan Angamuthu, Chairman, DCI and Visakhapatnam Port Authority (VPA) and Captain S Diwakar, MD & CEO, DCI, appreciated the dedication and expertise of the DCI team. The company is targeting a record high turnover of Rs 1200 crore for this financial year 2023-24.

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