Dredging Corp Q3: PSU Stock Tanks as Profit Turns to Loss, Margins Narrow Sharply

• Dredging Corporation of India reported a net loss of ₹24.6 crore in Q3, a significant drop from ₹16 crore profit a year ago.
• Revenue declined 15% year-on-year to ₹276 crore due to softer execution.
• EBITDA fell 37% to ₹33 crore, and margins narrowed sharply to 11.9% from 16.1%, indicating cost and utilization pressures.
• The company's stock slipped to an intraday low of ₹1,002.60 and was trading down 10.6% at ₹995.80 on the NSE.
• Dredging Corporation of India provides dredging services for ports, harbors, waterways, and coastal infrastructure.