Dredging Corporation of India standalone net profit declines 78.17% in the March 2017 quarter

Sales decline 26.36% to Rs 130.13 crore

Net profit of Dredging Corporation of India declined 78.17% to Rs 3.74 crore in the quarter ended March 2017 as against Rs 17.13 crore during the previous quarter ended March 2016. Sales declined 26.36% to Rs 130.13 crore in the quarter ended March 2017 as against Rs 176.72 crore during the previous quarter ended March 2016.

For the full year,net profit declined 82.34% to Rs 7.40 crore in the year ended March 2017 as against Rs 41.91 crore during the previous year ended March 2016. Sales declined 12.01% to Rs 585.87 crore in the year ended March 2017 as against Rs 665.86 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales130.13176.72 -26 585.87665.86 -12 OPM %28.0316.55 -19.9719.47 - PBDT37.9830.25 26 111.87127.35 -12 PBT5.796.88 -16 12.2734.04 -64 NP3.7417.13 -78 7.4041.91 -82

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