DCI posts Rs. 27.22 crore profit in Q3 – Times of India

VISAKHAPATNAM: The Dredging Corporation of India Limited (DCIL) a leader in the Dredging Industry, posted a profit of Rs. 27.22 crore for Quarter Three (Q3) of 2023-24 financial year as against Rs 13.84 crore for the same quarter last year.
The DCI announced its Earnings per share (EPS) is at Rs. 9.72 for Q3. The Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) for this quarter is at Rs 69.59 crore as against Rs 59.71 crore for the same quarter last year.
The Q3 of this financial year witnessed the successful completion of several significant dredging projects and contributed to the DCI’s revenue surge. The company maintained its focus on operational excellence in this quarter. The Chairman of DCI and Visakhapatnam Port Authority (VPA) Dr Madhaiyaan Angamuthu and DCI MD and CEO Captain S Divakar appreciated the DCI team’s dedication and expertise. The company is aiming at a record highest-ever turnover of Rs1200 crore for this financial year 2023-24.

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