11 Dec 2019 | 12:30 PM

News

COMPANYNEWS
Dredging Corpora Q1 net profit down 71.23% at Rs 0.82 cr
  Dredging Corporation Of India Ltd. | 11 Dec 2019 | 12:21 PM
Published on 08-08-2019
The company reported standalone net profit of Rs 0.82 crore for the quarter ended June 30 2019 as compared to Rs 2.85 crore in the same period last year registering a year-on-year decline of 71.23 per cent.


Net revenue of the company rose substantially by 40.49 per cent at Rs 196.49 crore in April-June quarter of this fiscal as against Rs 139.86 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 54.21 per cent to Rs 165.41 crore from Rs 107.26 crore in year ago period.


Other Income grew by 112.75 per cent at Rs 3.17 crore versus (Jun`18 Rs 1.49 crore).


Operating Profit slipped by 4.69 per cent to Rs 31.07 crore as against Rs 32.60 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 32.13 per cent in June quarter.


Interest declined by 12.80 per cent y-o-y to Rs 3.68 crore while Taxation increased by 24.53 per cent at Rs 0.66 crore (Jun`18 Rs 0.53 crore).