Dredging Corporation Of India quarterly profit jumps 49.91%

Dredging Corporation Of India announced a substantial rise in consolidated net profit for the quarter ended June 2015. During the quarter, the profit of the company rose 49.91% to Rs 167.00 million from Rs 111.40 million in the same quarter previous year.

Revenues for the quarter declined 11.36% to Rs 1,678.30 million, compared with Rs 1,893.40 million for the prior year period.

Operating margin for the quarter stood at 12.29 percent as compared to 9.50 percent for the previous year period. Operating Income for the quarter was Rs 206.20 million, compared with Rs 179.8 million in the previous year period.

Earnings per share for the quarter stood at Rs 5.96, registering 49.75% growth over previous year period.

Shares of the company declined Rs 5.8, or 1.41%, to trade at Rs 407.00. The total volume of shares traded was 80,740 at the BSE (3.30 p.m., Friday).

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