Dredging Corp FY26 PAT at ₹4.75 Cr vs Loss; Fleet Expansion Planned
Dredging Corporation of India reported a Profit After Tax of ₹4.75 crore for FY 2025-26, a turnaround from a loss of ₹27.46 crore. Revenue was ₹1,208.33 crore. The company plans to acquire 11 new dredgers over five years with an investment of ₹3,560 crore and is considering a ₹1,000 crore rights issue.
The return to profitability, substantial investment in fleet modernization, and potential rights issue are significant financial and strategic developments that will likely have a considerable impact on the company's future performance and market position.
The company returned to profitability, improved its operating profit margin, and announced significant plans for fleet modernization and expansion, indicating positive future prospects.
Dredging Corporation of India Limited (DCI) announced its financial results for FY 2025-26, marking a significant return to profitability. The company reported a Profit After Tax (PAT) of ₹4.75 crore, a substantial improvement from a loss of ₹27.46 crore in the previous year. Revenue from operations stood at ₹1,208.33 crore, with total income reaching ₹1,214.10 crore. The operating profit margin also saw an increase from 12.33% to 16.84%.
The company celebrated its Golden Jubilee, completing 50 years of service. DCI highlighted its operational progress, fleet modernization program, and growth strategy during its 50th Annual General Meeting (AGM), which was held on 24th September 2026.
A key element of DCI's future strategy is a major fleet modernization programme aimed at acquiring 11 new dredgers over the next five years, with an indicative investment of approximately ₹3,560 crore. This initiative includes the construction of the DCI Dredge Godavari, a 12,000 m3 Trailer Suction Hopper Dredger, expected to join the fleet in FY 2026-27.
DCI is also exploring opportunities in new business segments such as inland waterways, reservoir and dam desiltation, marine construction, offshore installations, and subsea cable trenching. The company has also secured a five-year maintenance dredging contract for Mumbai Harbour and JN Port channels.
Financially, DCI issued secured, unrated, unlisted and redeemable non-convertible debentures of ₹111.48 crore to Cochin Shipyard Limited. The company is also considering a rights issue of approximately ₹1,000 crore to support capacity expansion and the acquisition of high-capacity vessels. DCI recorded nil Lost Time Injury Frequency Rate (LTIFR), nil recordable work-related injuries, and nil fatalities among employees during FY 2025-26.
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