DCIL reports Q2 profitability turnaround with PAT ₹7.31 crore - The HinduPublished - November 11, 2026 11:40 pm IST - VISAKHAPATNAMKamalakara Rao V _11831Public sector unit Dredging Corporation of India Limited (DCIL) reported a strong financial turnaround in the second quarter ended September 30, 2026 (Q2 FY 2026–27), posting a Profit After Tax (PAT) of ₹7.31 crore against a net loss of ₹34.17 crore in the corresponding period of the previous fiscal.Driven by efficient fleet deployment and prudent financial management, the Visakhapatnam-headquartered dredging major registered a 58.58% year-on-year rise in Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA), which stood at ₹41.69 crore compared to ₹26.29 crore in Q2 FY 2025–26.Operational income generated from the company’s own dredgers grew by 23.08% to reach ₹198.66 crore, up from ₹161.41 crore in the corresponding quarter last year. Total revenue for Q2 stood at ₹211.83 crore.Half-Yearly PerformanceFor the first half of the financial year (H1 FY27), DCIL’s total revenue escalated to ₹568.29 crore from ₹456.43 crore recorded in H1 FY26. EBITDA for the six-month period rose to ₹104.60 crore from ₹74.26 crore, while H1 PAT swung to a profit of ₹18.54 crore from a net loss of ₹57.51 crore in the previous year.The quarterly turnaround was supported by a reduction in depreciation costs to ₹25.53 crore (down from ₹36.53 crore) and a dip in finance costs to ₹8.65 crore (down from ₹22.82 crore), following the prospective application of revised useful lives and residual values of eligible dredgers approved by the Board in August 2026. However, fuel and lubricant expenses surged to ₹101.02 crore due to higher fuel procurement prices.Commenting on the performance, DCIL Managing Director and CEO Capt. S. Divakar said the company achieved improved profitability through focused project execution, effective fleet deployment, and disciplined cost management despite escalating fuel costsPublished - November 11, 2026 11:40 pm ISTSign in to unlock member-only benefits!Access 10 free stories every monthSave stories to read laterAccess to comment on every storySign-up/manage your newsletter subscriptions with a single clickGet notified by email for early access to discounts & offers on our products${ ind + 1 } ${ device }Last active - ${ la }