DCIL Q2 Results: EBITDA Up 58.58%, PAT Turns Positive
Visakhapatnam, November 2026: Dredging Corporation of India Limited (NSE: DREDGECORP | BSE: 523618) has reported a significant improvement in financial performance for the quarter ended September 30, 2026 (Q2 FY 2026-27), marking a clear turnaround in profitability.
Key Q2 FY 2026-27 Highlights
|
Particulars |
Q2 FY27 |
Q2 FY26 |
Change |
|---|---|---|---|
|
Own-Dredger Operational Income |
₹198.66 cr |
₹161.41 cr |
+23.08% |
|
Total Revenue |
₹211.83 cr |
₹213.37 cr |
Slight decline |
|
EBITDA |
₹41.69 cr |
₹26.29 cr |
+58.58% |
|
Profit Before Tax (PBT) |
₹7.51 cr |
(₹33.06 cr) |
Turnaround |
|
Profit After Tax (PAT) |
₹7.31 cr |
(₹34.17 cr) |
+₹41.48 cr |
Half-Year Performance (H1 FY 2026-27)
-
Total Revenue: ₹568.29 crore (vs ₹456.43 crore)
-
EBITDA: ₹104.60 crore (vs ₹74.26 crore)
-
PAT: ₹18.54 crore (vs loss of ₹57.51 crore)
Key Drivers of Improvement
-
Higher income from operations undertaken by the company’s own dredgers.
-
Significant reduction in depreciation to ₹25.53 crore (from ₹36.53 crore), following the revision of estimated useful lives and residual values of eligible dredgers (approved by the Board with effect from August 4, 2026).
-
Lower finance costs at ₹8.65 crore (against ₹22.82 crore in the year-ago quarter).
-
Power, fuel and lubricants cost rose to ₹101.02 crore due to higher fuel prices.
The company attributed the improved performance to operational excellence, efficient fleet deployment, prudent financial management and sustainable value creation.