Dredging Corporation Of India Ltd.

NSE: DREDGECORP | BSE: 523618 | ISIN: INE506A01018 | Industry: Shipping
| Falling Comet

603.95
-1.46%
ICICI Securities Limited
However, PAT grew 358% to | 17 crore (I-direct estimate: | 3 crore), mainly due to higher other income (| 15 crore in Q4FY18 vs | 6 crore in Q4FY17) and lower tax rate (15% in Q4FY18 vs 36% in Q4FY17) EBITDA growth revival visible in FY18 For FY18, revenues were flattish with growth of 1% to | 592 crore vs. | 586 crore in FY17. However, the EBITDA margin has improved 280 bps YoY to 22.8% in FY18. The improvement in EBITDA margin has been owing to fuel expense as a percentage of sales declining 200 bps from...
Dredging Corporation Of India Ltd. is trading above its 50 day SMA of 585.2
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