Dredging Corp shares surge over 30% in two sessions; Check its guidance for FY27

Shares of Dredging Corporation of India Ltd. extended their gains for the second day on Wednesday, May 20, rising as much 15%, after the company reported strong fourth quarter earnings after market hours on Tuesday.The stock had surged another 16% on Tuesday as well, taking the two-day advance to over 30%.

Dredging Corp In Q4

The company reported a standalone net profit of ₹87 crore in the January to March period compared to a loss of ₹25 crore in the previous year.
Revenue increased by 73.2% to ₹478 crore from ₹276 crore in the fourth quarter last year.The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) more than quadrupled to ₹143 crore from ₹33 crore in the previous year, while EBITDA margins expanded to 30% from 12% last year.

Dredging Corp In FY26

For the full financial year 2026, the company’s revenue increased by 7.2% to ₹1,208.4 crore from ₹1,127.3 crore last year.

Dredging Corp reported a profit after tax of ₹4.7 crore from a loss of ₹ 26.1 crore in the previous fiscal.

For financial year 2027, Dredging Corp has guided for a ₹1,500 crore topline.

Operational challenges included rising fuel prices, increased operational costs and intense pricing pressures.

Shares of Dredging Corp are trading off the highs of the day, but are still holding on to gains of 10% at ₹1,103. With this two-day move, the stock has turned positive for 2026 as well.

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