Dredging Corp Q3 Results: PSU stock tanks as profit turns into loss; margin narrows sharply
Published on 05/02/2026 02:52 PM
Dredging Corp Q3 Results: PSU stock tanks as profit turns into loss; margin narrows sharplyDredging Corporation slipped into a Q3 net loss as revenue and operating profit fell sharply year-on-year, triggering a steep sell-off in the PSU stock on Dalal Street.By Sheersh Kapoor February 5, 2026, 2:52:14 PM IST (Published)1 Min ReadState-owned Dredging Corporation of India reported a weak Q3 performance on January 5, Thursday. The company slipping into a net loss of ₹24.6 crore compared with a profit of ₹16 crore a year ago.
Revenue declined 15% year-on-year to ₹276 crore, reflecting softer execution during the quarter.
Operating performance also deteriorated. EBITDA fell 37% to ₹33 crore from ₹52.2 crore last year, while margins narrowed sharply to 11.9% from 16.1%, highlighting sustained cost and utilisation pressures.
The disappointing earnings weighed heavily on the stock. Ahead of the results, shares of the PSU slipped to an intraday low of ₹1,002.60. As of 2:02 PM, the stock was trading at ₹995.80 on the NSE, down ₹118.10 or 10.6%.
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Dredging Corporation of India is engaged in providing dredging services for maintenance of ports, harbours, waterways and coastal infrastructure across the country.Continue ReadingTagsDredging CorporationDredging Corporation of IndiaearningsQ3 resultsshare market today