Profit before exceptional items and tax in Q3 FY25 was at Rs 18.36 crore, down 33.74% from Rs 27.71 crore recorded in Q3 FY24. Exceptional loss stood at Rs 1.59 crore in Q3 FY25.
Total expense jumped 35.57% year on year to Rs 323.38 crore during the quarter. Employee benefits expense stood at Rs 23.72 crore (down 1.04% YoY), while other expenses stood at Rs 159.42 crore (up 63.83% YoY) during the period under review.
On a 9-month basis, the company’s net loss stood at Rs 48.85, compared to a net profit of Rs 59.15 crore in 9M FY24. Revenue from operations advanced 1.82% YoY to Rs 679.73 crore in the quarter ended 31 December 2024.
Dredging Corporation of India carries out dredging activities including capital dredging, maintenance dredging, as well as beach nourishment and land reclamation for Indian ports and the Navy. The consortium of four port trusts—Jajaharlal Nehru Port Trust, Deendayal Port Trust, Paradip Port Trust, and Visakhapatnam Port Trust—currently holds a 73.47% shareholding in the company, with the remaining being held by the public.
Shares of Dredging Corporation added 3.10% to Rs 719.90 on the BSE.