Dredging Corporation Of India Ltd.

NSE: DREDGECORP | BSE: 523618 | ISIN: INE506A01018 | Industry: Shipping
| Mid-range Performer
611.3500 7.40 (1.23%)
NSE Apr 21, 2025 15:31 PM
Volume: 57,985
 

611.35
1.23%
ICICI Securities Limited
In addition to a weak operational performance, higher interest expense (up 8% YoY) coupled with increase in depreciation (up 19% YoY) led DCI to report a loss of | 22.5 crore (I-direct estimate: | 2.1 crore) Sluggish YTD performance; revival to take some time DCI posted five-year low revenues of | 119.9 crore (vs. a normal run rate of | 140-160 crore. For 9MFY18, revenues de-grew 6% YTD to | 428.4 crore vs. | 455.7 crore in 9MFY17. However, benefiting from lower crude prices in FY18, EBITDA for the same period grew marginally by 6% YoY...
Dredging Corporation Of India Ltd. is trading below its 100 day SMA of 705.8
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