Dredging Corporation Of India Q1 Results Live : Dredging Corporation Of India declared their Q1 results on 09 Aug, 2024, revealing a significant financial downturn. The company’s topline decreased by 26.23% year-on-year, and the loss for the quarter stood at ₹31.4cr. This contrasts sharply with the same period in the previous fiscal year when the company had declared a profit of ₹15.15cr.
Comparing the results with the previous quarter, Dredging Corporation Of India saw a revenue decline of 45.74%. This substantial drop indicates a challenging quarter for the company in terms of revenue generation.
The company’s expenses have also seen an uptick. Selling, general, and administrative expenses rose by 6.16% quarter-on-quarter and increased by 16.87% year-on-year. This rise in expenses has further strained the company’s financials.
Operating income has taken a hit as well, decreasing by 40.15% quarter-on-quarter and down by a staggering 215.71% year-on-year. This significant drop in operating income has contributed to the overall financial challenges faced by the company.
The earnings per share (EPS) for Q1 is ₹-11.22, marking a decrease of 307.39% year-on-year. This negative EPS reflects the company’s financial struggles during the quarter.
Despite the disappointing quarterly results, Dredging Corporation Of India has delivered a -8.02% return in the last week, a 29.96% return in the last 6 months, and a 77.1% year-to-date return. This indicates some resilience and investor confidence in the company’s long-term potential.
Currently, Dredging Corporation Of India has a market cap of ₹2971.64 Cr. The company’s 52-week high and low are ₹1457.95 and ₹361.7, respectively. These figures provide some context to the company’s current market standing amidst its financial challenges.
Dredging Corporation Of India Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 150.8 | 277.89 | -45.74% | 204.42 | -26.23% |
| Selling/ General/ Admin Expenses Total | 27.08 | 25.51 | +6.16% | 23.17 | +16.87% |
| Depreciation/ Amortization | 37.06 | 39.43 | -6.01% | 34.65 | +6.93% |
| Total Operating Expense | 175.6 | 295.58 | -40.59% | 182.99 | -4.04% |
| Operating Income | -24.8 | -17.69 | -40.15% | 21.43 | -215.71% |
| Net Income Before Taxes | -30.98 | -23.31 | -32.93% | 15.66 | -297.9% |
| Net Income | -31.4 | -23.47 | -33.81% | 15.15 | -307.27% |
| Diluted Normalized EPS | -11.22 | -8.85 | -26.78% | 5.41 | -307.39% |