India's Dredging Corp surges after quarterly profit jumps four-fold

Dredging of India

20/05/2026 09:11

** Shares of Dredging Corporation of India DRDG.NS jump as much as 15% to their highest level since Feb.1 at 1,155 rupees

** State-owned firm's Q4 profit jumps four-fold year-on-year to 869 million rupees ($8.97 million)

** Rev from ops rises 3.4% y/y

** YTD, stock up 9.2%

($1 = 96.8950 Indian rupees)

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))