Dredging Corporation of India Limited (DCIL) has reported a significant financial turnaround in the second quarter of FY 2026–27, posting a net profit of ₹7.31 crore against a net loss of ₹34.17 crore in the corresponding quarter of the previous financial year. The improved performance reflects higher income from own dredgers, better fleet utilisation, operational efficiency and prudent cost management.
DCIL’s income from operations undertaken by its own dredgers increased by 23.08% to ₹198.66 crore in Q2 FY 2026–27, compared with ₹161.41 crore in Q2 FY 2025–26. Total revenue for the quarter stood at ₹211.83 crore.
The company’s EBITDA rose by 58.58% to ₹41.69 crore from ₹26.29 crore in the corresponding quarter last year. Profit Before Tax (PBT) also registered a significant turnaround, reaching ₹7.51 crore compared with a loss of ₹33.06 crore a year earlier.
Strong Half-Year Performance
DCIL also recorded substantial improvement in its financial performance for the six months ended September 30, 2026.
Total revenue increased to ₹568.29 crore from ₹456.43 crore in the corresponding period of the previous year. EBITDA grew to ₹104.60 crore from ₹74.26 crore, while Profit After Tax (PAT) improved significantly to ₹18.54 crore against a loss of ₹57.51 crore in the first half of FY 2025–26.
The improved results were supported by lower depreciation and finance costs. However, higher fuel prices continued to exert pressure on operating expenditure.
Management Highlights Operational Improvement
Commenting on the results, Shri Jasmeet Singh Bindra, IRTS, Chairman (Non-Executive), DCIL, said the strong financial turnaround during Q2 FY 2026–27 marks an important milestone in the company’s journey towards sustained profitability. He attributed the growth in own-dredger income and improved operational performance to DCIL’s resilience, strategic focus and prudent financial management.
Capt. S. Divakar, Managing Director & CEO, DCIL, said the improved performance reflected the dedication and commitment of Team DCIL. Despite rising fuel prices and operational challenges, the company achieved a significant turnaround through focused project execution, effective fleet deployment and cost management.
He reiterated DCIL’s commitment to enhancing operational efficiency, expanding business opportunities and delivering world-class dredging solutions to support India’s maritime infrastructure growth.
The latest results signal a positive step in DCIL’s efforts to strengthen its financial position and operational capabilities while supporting the growing requirements of India’s ports and maritime sector.