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Dredging Corporation of India turns black in Q2FY23

16 Nov 2022 Evaluate

Dredging Corporation of India reported results for second quarter ended September 30, 2022.

The company has reported net profit of Rs 28.61 crore for Q2FY23 as against net loss Rs 3.98 crore for the corresponding quarter previous year. Total income of the company increased by 58.27% to Rs 239.60 crore for the quarter under review as compared to Rs 151.39 crore for the same quarter in the previous year.

Dredging Corporation of India is engaged in providing the services of capital dredging, maintenance dredging, beach nourishment, land reclamation, shallow water dredging, project management consultancy, marine construction.

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