DCIL H1 turnover at RS 198 cr
The half-yearly profit, ending in September, reached Rs 31.92 cr
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Visakhapatnam Dredging Corporation of India Limited (DCIL), a leader in the dredging industry has recorded a robust revenue growth with the earning of a profit of Rs 16.77 crore in Q2 of 2023-24 and posting of a turnover of Rs 198.59 crore during the first half.
The Visakhapatnam-headquartered company announced its financial performance for the quarter (Q2) of the current fiscal. The company’s remarkable achievements during the period underscored its continued dedication to excellence and innovation in the maritime sector.
Notable Q2 highlights include a substantial profit and a healthy turnover of Rs 198.59 crore. The half-yearly profit, ending in September, reached Rs 31.92 crore. The Earning Per Share (EPS) was put at Rs 5.99 for Q2. The EPS half yearly was put at Rs 11.40.
The earnings before interest, taxes, depreciation & amortization (EBIDTA) for the Q2 was Rs 57.97 crore. The EBIDTA posted half yearly for the FY24 was Rs 114.83 crore. This impressive growth was a testament to the company’s unwavering commitment to delivering high-quality services to its clients, a DCIL official said.
The second quarter of FY24 witnessed the successful completion of several significant dredging projects, contributing significantly to the company’s revenue surge. The company’s expertise in executing complex projects has solidified its position as a preferred partner for clients seeking efficient and sustainable solutions.
