New Delhi: Dredging Corporation of India Limited (DCI), the premier dredging company under the Ministry of Ports, Shipping and Waterways, has announced its unaudited standalone financial results for the quarter ended June 30, 2026.
The company delivered a strong financial performance during the first quarter of FY27, driven by robust operational growth. Revenue increased by nearly 47% year-on-year, while DCI returned to profitability after reporting losses in the corresponding quarter last year.
Q1 FY27 Financial Performance
DCI recorded significant improvements across key financial indicators during the April–June 2026 quarter.
Financial Highlights
- Revenue from Operations: ₹355.43 crore, up 46.72% YoY from ₹242.24 crore.
- Total Income: ₹356.47 crore, an increase of 46.51% YoY from ₹243.31 crore.
- Profit Before Tax (PBT): ₹11.50 crore, compared to a loss of ₹23.19 crore in Q1 FY26.
- Profit After Tax (PAT): ₹11.24 crore, compared to a loss of ₹23.33 crore in the year-ago quarter.
- Earnings Per Share (EPS): ₹4.01, compared to -₹8.33 in Q1 FY26.
- Net Worth: ₹1,244.55 crore, up 3.87% from ₹1,198.16 crore.
The results mark a strong turnaround for the company, with both profitability and shareholder returns improving significantly.
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Key Financial Ratios Show Improved Performance
The company’s financial ratios also reflected stronger operational efficiency during Q1 FY27.
Key Ratios
- Debt-Equity Ratio: 0.89:1 (FY26: 0.88:1)
- Interest Coverage Ratio: 6.48:1 (FY26: 5.22:1)
- Net Profit Margin: 3.98% (FY26: 0.39%)
- Current Ratio: 0.88:1 (FY26: 0.96:1)
- Long-Term Debt to Working Capital: 4.54:1 (FY26: 5.49:1)
- Debtors Turnover (Annualised): 4.19:1
- Inventory Turnover (Annualised): 7.95:1
The higher interest coverage ratio and improved net profit margin indicate better earnings performance and stronger debt servicing capability.
Operational Highlights
The company’s operational performance remained strong during the quarter.
Major Operational Figures
- Revenue from Operations: ₹355.43 crore
- Total Expenses: ₹344.97 crore
- Sub-Contract Expenses: ₹125.56 crore
- Other Expenses: ₹137.71 crore
- Employee Benefits Expense: ₹30.30 crore
- Finance Costs: ₹9.88 crore
- Depreciation and Amortisation: ₹41.53 crore
The increase in revenue helped offset operating costs and contributed to the company’s return to profitability.
Balance Sheet Remains Strong
As of June 30, 2026, DCI maintained a healthy balance sheet with growth in net worth and asset base.
Asset Position
- Non-Current Assets: ₹2,109.07 crore
- Current Assets: ₹990.85 crore
- Total Assets: ₹3,099.91 crore
Equity and Liabilities
- Equity Share Capital: ₹28 crore
- Other Equity: ₹1,216.55 crore
- Net Worth: ₹1,244.55 crore
- Total Liabilities: ₹1,855.36 crore
Other Key Developments
DCI also reported several positive corporate developments during the quarter.
- Unmodified Audit Opinion: The statutory auditors issued an unqualified opinion on the unaudited financial results.
- Single Business Segment: The company continues to operate exclusively in the dredging business in accordance with Ind AS 108.
- No Loan Default: The company reported no default on loans or debt securities during the quarter.
- No Fund Utilisation Deviation: There was no deviation in the utilisation of funds raised by the company.
Strong Start to FY27
The sharp growth in revenue and return to profitability indicate a positive start to FY27 for Dredging Corporation of India. Improved financial ratios, higher net worth, and stable operational performance reflect the company’s continued focus on strengthening its financial position while supporting India’s maritime infrastructure sector.
About Dredging Corporation of India
Dredging Corporation of India Limited (DCIL) is a Miniratna public sector undertaking under the Ministry of Shipping, Government of India, specializing in dredging and port-related services. The company provides marine dredging, coastal infrastructure, and reclamation solutions, contributing significantly to India’s port development and maritime sector. DCIL has a strong presence in domestic and international dredging projects, emphasizing efficiency, safety, and technological expertise.
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