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Dredging Corporation reports the highest Q2 profit in a decade

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NEW DELHI : Dredging Corporation of India (DCI) has reported a Rs 28.61 crore profit ($3.5 million) for the second quarter of financial year 2022-23

According to their official statement, this is the highest-ever profit for the second quarter achieved by the company. DCI had reported a loss of Rs 3.98 crore in the same quarter for the last financial year 2021-22. This improved performance is despite the high fuel prices in recent times, the company added.

DCI also said that they are committed to maintain this upward trend and will continue to show an improved performance.

The company aims to record its highest-ever turnover of Rs 1,000 crore for the current financial year.

DCI’s shares closed 0.56% lower at Rs 357 a scrip on the NSE on Thursday.

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