Dredging Corporation of India Limited, the nation's premier dredging organisation operating under a consortium comprising Visakhapatnam Port Authority, Jawaharlal Nehru Port Authority, Paradip Port Authority and Deendayal Port Authority, reported its highest ever annual turnover in FY 2025-26. The company posted a turnover of Rs 12.1409 billion (bn), the best performance since its inception over the last five decades. This milestone followed sustained delivery across dredging operations and maritime infrastructure projects. Management said efficient project execution and client satisfaction underpinned the outcome.

The company registered a profit after tax of Rs 47.5 million (mn) for FY 2025-26, signalling improved financial discipline and operational efficiency. Despite global economic headwinds, persistent inflationary pressures, volatile geopolitical developments and rising fuel and operating costs the company delivered an operational profit, or EBITA, of Rs 2.5346 billion (bn). The financial results reflected tight cost control, disciplined bidding and strategic planning. Management highlighted resilience in an intensely competitive market.

Earnings per share improved from negative Rs 12.07 in FY 2024-25 to Rs five point two eight in FY 2025-26, reflecting a marked turnaround in shareholder value and sustained growth momentum. The chairperson and the managing director and chief executive conveyed satisfaction with the turnaround and expressed confidence that collective efforts would enable the company to meet future challenges. Ongoing dredging assignments were completed efficiently and within stipulated timelines, contributing to improved margins.

The board has set an ambitious target of achieving a turnover of Rs 15 billion (bn) in FY 2026-27 as part of a strategy to consolidate market position and pursue measured growth. Management reiterated its commitment to sustain growth and operational excellence through disciplined execution, client focus and enhanced operational efficiencies. The result was presented as a testament to the dedication and professionalism of the company’s workforce.