Dredging Corporation Of India Q1 results: loss at ₹31.4Cr, Revenue decreased by 26.23% YoY

Dredging Corporation Of India Q1 Results Live : Dredging Corporation Of India declared their Q1 results on 09 Aug, 2024, revealing a significant financial downturn. The company's topline decreased by 26.23% year-on-year, and the loss for the quarter stood at ₹31.4cr. This contrasts sharply with the same period in the previous fiscal year when the company had declared a profit of ₹15.15cr.

Comparing the results with the previous quarter, Dredging Corporation Of India saw a revenue decline of 45.74%. This substantial drop indicates a challenging quarter for the company in terms of revenue generation.

The company's expenses have also seen an uptick. Selling, general, and administrative expenses rose by 6.16% quarter-on-quarter and increased by 16.87% year-on-year. This rise in expenses has further strained the company's financials.

Operating income has taken a hit as well, decreasing by 40.15% quarter-on-quarter and down by a staggering 215.71% year-on-year. This significant drop in operating income has contributed to the overall financial challenges faced by the company.

The earnings per share (EPS) for Q1 is ₹-11.22, marking a decrease of 307.39% year-on-year. This negative EPS reflects the company's financial struggles during the quarter.

Despite the disappointing quarterly results, Dredging Corporation Of India has delivered a -8.02% return in the last week, a 29.96% return in the last 6 months, and a 77.1% year-to-date return. This indicates some resilience and investor confidence in the company's long-term potential.

Currently, Dredging Corporation Of India has a market cap of ₹2971.64 Cr. The company's 52-week high and low are ₹1457.95 and ₹361.7, respectively. These figures provide some context to the company's current market standing amidst its financial challenges.