Dredging Corporation of India Ltd Q2 FY2023 net profit rises to Rs. 28.61 crores

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

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 239.6016 crores during the period ended September 30, 2022 as compared to Rs. 218.3676 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 28.6137 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. -15.7114 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 10.22 for the period ended September 30, 2022 as compared to Rs. -8.11 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 239.6016 crs	₹218.3676 crs	9.72%
Net Profit	₹28.6137 crs	₹-15.7114 crs	282.12%
EPS	₹10.22	₹-8.11	226.02%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 239.6016 crores during the period ended September 30, 2022 as compared to Rs.151.3901 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.28.6137 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-3.9829 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.10.22 for the period ended September 30, 2022 as compared to Rs.-1.42 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 239.6016 crs	₹151.3901 crs	58.27%
Net Profit	₹28.6137 crs	₹-3.9829 crs	818.41%
EPS	₹10.22	₹-1.42	819.72%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.457.9692 crores during the 6 Months period ended September 30, 2022 as compared to Rs.271.0910 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.12.9023 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-26.7001 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.4.61 for the 6 Months period ended September 30, 2022 as compared to Rs.-9.54 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹457.9692 crs	₹271.0910 crs	68.94%
Net Profit	₹12.9023 crs	₹-26.7001 crs	148.32%
EPS	₹4.61	₹-9.54	148.32%

Shares of Dredging Corporation of India Limited was last trading in BSE at Rs. 368.00 as compared to the previous close of Rs. 353.50. The total number of shares traded during the day was 26693 in over 1639 trades.

The stock hit an intraday high of Rs. 376.95 and intraday low of 362.90. The net turnover during the day was Rs. 9859913.00.

Source : Equity Bulls

Keywords

DredgingCorporationofIndia Q2FY23 H1FY23 ResultUpdate DCI