Dredging Corporation of India Ltd Q1 FY2023 loss at Rs. 15.71 crores

Dredging Corporation of India Limited has reported Standalone financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 218.3676 crores during the period ended June 30, 2022 as compared to Rs. 289.5836 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. -15.7114 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 1.0637 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. -5.61 for the period ended June 30, 2022 as compared to Rs. 1 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 218.3676 crs	₹289.5836 crs	-24.59%
Net Profit	₹-15.7114 crs	₹1.0637 crs	-1,577.05%
EPS	₹-5.61	₹1	-661.00%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 218.3676 crores during the period ended June 30, 2022 as compared to Rs.119.7009 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.-15.7114 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.-22.7172 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.-5.61 for the period ended June 30, 2022 as compared to Rs.-8.11 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 218.3676 crs	₹119.7009 crs	82.43%
Net Profit	₹-15.7114 crs	₹-22.7172 crs	30.84%
EPS	₹-5.61	₹-8.11	30.83%

Shares of Dredging Corporation of India Limited was last trading in BSE at Rs. 280.80 as compared to the previous close of Rs. 279.55. The total number of shares traded during the day was 2317 in over 282 trades.

The stock hit an intraday high of Rs. 286.00 and intraday low of 279.55. The net turnover during the day was Rs. 658296.00.

Source : Equity Bulls

Keywords

DredgingCorporationofIndia Q1FY23 ResultUpdate DCI