News Details

( As on 06/08/2020 11:20)

Dredging Corpora posts Q4 net loss of Rs 4.38 cr

The company reported standalone net loss during the quarter stood at Rs 4.38 crore compared to net profit of Rs 111.10 crore in the previous year quarter.ÿ

Net revenue of the company declined marginally by 4.55 per cent at Rs 227.62 crore in January-March quarter of this fiscal as against Rs 238.47 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 109.20 per cent to Rs 193.41 crore from Rs 92.45 crore in year ago period.

Other Income grew by 850.00 per cent at Rs 0.60 crore versus (Mar'19 Rs -0.08 crore).

Operating Profit slipped by 76.57 per cent to Rs 34.21 crore as against Rs 146.01 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 75.45 per cent in March quarter.

Interest declined by 68.02 per cent y-o-y to Rs 1.81 crore, while Taxation increased by 1375.00 per cent at Rs 7.08 crore (Mar'19 Rs 0.48 crore).