Shares of Dredging Corporation of India (DCI) rose 10% in morning trade following the release of its fourth-quarter results for the financial year. The company reported a year-on-year increase in revenue, profitability, and operating margins, indicating a positive close to the fiscal year. As of 9:35 AM, the shares were trading 10.71% higher at Rs 750.50.
Revenue for the quarter grew to ₹462 crore, compared to ₹324 crore in the same period last year. The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) also saw an improvement, rising to ₹76.7 crore from ₹52.3 crore. The EBITDA margin stood at 16.6%, slightly higher than the 16% reported in the previous year’s corresponding quarter.
Net profit increased to ₹21.4 crore, up from ₹16 crore a year earlier. The earnings performance reflects improved operational efficiency and higher project execution during the quarter.
Dredging Corporation shares opened at ₹751.00, reaching a high of ₹765.00 and a low of ₹730.00 during the trading session. Despite these fluctuations, the stock remains well below its 52-week high of ₹1,457.95. However, it is comfortably above the 52-week low of ₹495.00, showing some recovery potential.
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