Dredging Corporation of India net profit declines 76.50% in the March 2014 quarter

Sales rise 7.23% to Rs 204.85 crore

Net profit of Dredging Corporation of India declined 76.50% to Rs 2.58 crore in the quarter ended March 2014 as against Rs 10.98 crore during the previous quarter ended March 2013. Sales rose 7.23% to Rs 204.85 crore in the quarter ended March 2014 as against Rs 191.04 crore during the previous quarter ended March 2013.

For the full year,net profit rose 83.08% to Rs 37.55 crore in the year ended March 2014 as against Rs 20.51 crore during the previous year ended March 2013. Sales rose 21.95% to Rs 771.72 crore in the year ended March 2014 as against Rs 632.84 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales204.85191.04 7 771.72632.84 22 OPM %21.1620.32 -24.0817.40 - PBDT39.7937.92 5 177.16111.75 59 PBT3.4710.92 -68 38.8421.60 80 NP2.5810.98 -77 37.5520.51 83

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