Dredging Corporation of India (DCI) on Tuesday reported a net profit of ₹21.39 crore for the March 2025 quarter, mainly on the back of increased income. It had posted a loss of ₹25.97 crore in the January-March period of the preceding 2023-24 fiscal, the company said in an exchange filing.
DCI increased its total income to ₹464.38 crore in the fourth quarter from ₹278.80 crore in the same quarter a year ago, registering a rise of 67 per cent.
Speaking to PTI, the company’s MD and CEO, Durgesh Kumar Dubey, said, ‘We have ended the fourth quarter delivering positive financial numbers. We will try to maintain this momentum in the coming quarters.’
The company is also looking for business opportunities in the Middle East, South East Asia and South Asian markets along with domestic market where players like AMNS India, JSW Group and Adani Group are looking to expand their port operations, said Dubey, who is also the Deputy Chairman of Visakhapatnam Port Authority (VPA).
On the outlook for the sector, Dubey said the port sector is on a growth trajectory driven by
government-led initiatives like Sagarmala Programme.
Based in Visakhapatnam in Andhra Pradesh, DCI is a premier dredging company under the administrative control of four major ports of India – Visakhapatnam Port Authority, Jawaharlal Nehru Port Authority (Mumbai), Paradip Port Authority and Deendayal Port Authority (Kandla).