Shipping company Dredging Corporation Of India announced Q1FY24 results:
- Dredging Corporation of India posted a profit of Rs 15.15 crore for Q1FY24 with a healthy total turnover of Rs 205.18 crore for the Financial Year 2023-24 as against a loss of Rs 15.71 crore for Q1FY23.
- The Earning Per Share (EPS) is at Rs 5.41.
- The Earnings before Interest, Taxes, Depreciation & Amortization (EBIDTA) for Q1FY24 is at Rs 56.86 crore as against Rs 26.10 crore for Q1FY23.
Dr. Madhaiyaan Angamuthu, IAS, Chairman, DCIL/VPA & Capt S Divakar, MD & CEO, (A/C), DCIL are exuberant to share these outstanding results for Q1FY24 and stated that, "Our team's dedication and expertise have enabled us to overcome challenges and achieve growth while upholding our commitment to sustainability and innovation. Further they stated that going forward company will focus on advancing its technological capabilities, expanding its project portfolio."