Dredging Corporation of India posts highest ever Q3 turnover
Dredging Corporation of India (DCI) achieved the highest ever third quarter turnover of ₹372.30 crore (over $45 million), since inception, for the financial year 2022-23.
DCI reported a turnaround performance in the third quarter for the present fiscal, making a profit of ₹13.84 crore.
The Earning Per Share (EPS) is ₹4.94. The Earnings before Interest, Taxes, Depreciation & Amortization (EBIDTA) for the third quarter is ₹62.08 crore as against ₹45.15 crore for the same quarter last year.
The DCI has clocked this performance, though fuel prices continue to remain high in recent times, the company said.
Also, all the existing projects have been monitored meticulously and executed on time to the complete satisfaction of the clients, according to a statement issued by the company on Friday.
DCI said that they are committed to maintain improvement in the performance which is aiming at a record highest turnover of ₹1,000 crore for this financial year 2022-23.