Financial Performance Overview

Q2 FY2026-27 Results (Quarter Ended September 30, 2026)

Revenue Performance:

  • Income from operations undertaken by DCIL's own dredgers: ₹198.66 crore, representing 23.08% growth compared to ₹161.41 crore in Q2 FY2025-26
  • Total revenue (including subcontract revenue and other income): ₹211.83 crore, compared to ₹213.37 crore in corresponding quarter previous year

Profitability Metrics:

  • EBITDA: ₹41.69 crore, an increase of 58.58% over ₹26.29 crore in Q2 FY2025-26
  • Profit Before Tax (PBT): ₹7.51 crore, improved from loss of ₹33.06 crore in previous year
  • Profit After Tax (PAT): ₹7.31 crore, compared to loss of ₹34.17 crore in Q2 FY2025-26, representing year-on-year improvement of ₹41.48 crore

Half-Year Performance (H1 FY2026-27)

  • Total revenue: ₹568.29 crore, increased from ₹456.43 crore in corresponding period FY2025-26
  • EBITDA: ₹104.60 crore, increased from ₹74.26 crore in previous year period
  • PAT: ₹18.54 crore, improved from loss of ₹57.51 crore in previous-year period

Cost Structure Analysis

Cost Reductions:

  • Depreciation: Reduced to ₹25.53 crore from ₹36.53 crore in previous year quarter
  • Finance costs: Reduced to ₹8.65 crore from ₹22.82 crore in previous year quarter

Cost Increases:

  • Power, fuel and lubricants expenditure: Increased to ₹101.02 crore from ₹70.61 crore, primarily due to higher fuel procurement prices

Accounting Policy Update

The revised estimated useful lives and residual values of eligible dredgers were approved by the Board with effect from August 4, 2026, and were applied prospectively.

Operational Strategy

DCIL remains focused on:

  • Efficient fleet deployment
  • Timely project execution
  • Prudent financial management
  • Recovery of outstanding receivables
  • Continuing support for dredging requirements of Indian ports and maritime infrastructure

Management Commentary

Shri Jasmeet Singh Bindra, IRTS, Chairman (Non-Executive):

  • Described the results as a "significant milestone in DCIL's journey towards sustained profitability and long-term value creation"
  • Cited substantial improvement in profitability and strong growth in own-dredger income
  • Attributed success to operational resilience, strategic focus, and prudent financial management
  • Expressed confidence in Company's future growth potential despite challenging operating environment

Capt. S. Divakar, Managing Director & CEO:

  • Credited the turnaround to dedication, professionalism and commitment of Team DCIL
  • Highlighted achievement despite escalating fuel prices and operational challenges
  • Emphasized focused project execution, effective fleet deployment and prudent cost management
  • Outlined future commitments: enhancing fleet reliability, strengthening operational efficiency, expanding business opportunities, delivering world-class dredging solutions
  • Reinforced DCIL's leadership in India's dredging sector and contribution to nation's maritime infrastructure development and port-led economic growth