Shares of Dredging Corporation of India surged more than 12% in early trade on Wednesday after the company reported a sharp improvement in its March quarter earnings, driven by strong revenue growth and margin expansion.
At around 9:24 AM, the stock was trading near its intraday highs after investors reacted positively to the company’s robust operational performance in Q4 FY26.
The company reported revenue of ₹478.2 crore for the quarter, up 73.2% year-on-year from ₹276.1 crore in the corresponding quarter last year.
EBITDA jumped sharply to ₹143 crore compared to ₹32.9 crore in the year-ago period, reflecting a significant improvement in operating performance. EBITDA margin expanded to 29.9% from 11.0% on a YoY basis.
Dredging Corporation also posted a net profit of ₹86.9 crore in Q4 FY26, compared to a net loss of ₹24.6 crore in the same quarter last year, marking a strong turnaround in profitability.
Stock Price Movement
The stock witnessed heavy buying interest during the morning session.
- Today’s low: ₹1,035.20
- Today’s high: ₹1,135.00
- Opening price: ₹1,040.00
- Previous close: ₹1,004.70
- 52-week low: ₹538.00
- 52-week high: ₹1,245.00
- Live volume: 14,04,049 shares
The sharp rally pushed the stock closer to its 52-week high levels, supported by strong quarterly earnings and improved margins.