DCIL recently reported its financial results for Q1. The company in a release stated that revenue from Operations for the First Quarter (Q1) ending June 30, 2024 was Rs 150.80 crs when compared to Rs 204.41 Crs, posted in the Corresponding period of Last Year (CPLY i.e. 30.06.2023) thus down by Rs 53.60 crs. DCIL also reported a negative PAT of Rs 31.40 crs in the Q1 when compared with CPLY PAT of Rs 15.15 crs, which is lowered around 200%.
The Earning Per Share for the Q1 was at Rs -11.22 (Negative) per share as against the EPS for CPLY is Rs 5.41 (Positive) Per Share. The Company reported a positive EBIDTA of Rs 13.11 Crs when compared to the EBIDTA of CPLY is Rs 57.09 crs, which was lower by Rs 43.98 crs.
As per the company the Major reason for Operational revenue drop is on account of Dry-dock repairs/Emergency Dry-Dock repairs of Dredgers that are 5 to 6 Nos.
DCI is a pioneer organization in the field of dredging and maritime development. It is fully equipped to offer the complete range of dredging and allied services.
