Dredging Corporation of India (DCIL) reported a net profit of INR73.1 million (US$780,000) for the quarter ended September 30, 2026.
This is compared with a net loss of INR341.7 million (US$3.64 million) in the same quarter a year earlier.
Income from DCIL's own dredger operations rose 23.08 per cent year on year to INR1.99 billion (US$21 million), from INR1.61 billion (US$17 million). Gross operating profit increased 58.58 per cent to INR416.9 million (US$4.44 million), from INR262.9 million (US$2.8 million).
Total revenue, with subcontract revenue and other income counted, eased to INR2.12 billion (US$23 million) from INR2.13 billion (US$23 million).
Depreciation fell to INR255.3 million (US$2.72 million) from INR365.3 million (US$3.89 million).
The board had approved revised estimated useful lives and residual values for eligible dredgers with effect from August 4, 2026, and applied the changes prospectively in the quarter. Finance costs dropped to INR86.5 million (US$920,000) from INR228.2 million (US$2.42 million).
Power, fuel and lubricants expenditure rose to INR1.01 billion (US$11 million) from INR706.1 million (US$7.52 million).
The company said the increase was mainly due to higher fuel procurement prices.
"Despite rising fuel prices and operational challenges, the company has achieved a significant turnaround through focused project execution, effective fleet deployment, and cost management," said DCIL Managing Director and CEO Capt. S. Divakar.
For the half-year ended September 30, DCIL reported total revenue of INR5.68 billion (US$60 million), against INR4.56 billion (US$49 million) a year earlier. Gross operating profit for the period was INR1.05 billion (US$11 million), against INR742.6 million (US$7.91 million).
The company posted a net profit of INR185.4 million (US$1.97 million), compared with a loss of INR575.1 million (US$6.12 million).
The September result followed a profitable June quarter, in which DCIL recorded profit after tax of INR112.4 million (US$1.2 million) against a loss of INR233.3 million (US$2.48 million) a year earlier. For the full year ended March 31, 2026, the company reported profit after tax of INR47.5 million (US$510,000).