Q4 net profit of Dredging Corporation rises manifolds to Rs 111.11 crore

State-run Dredging Corporation of India on Thursday said its standalone net profit rose manifold to Rs 111.11 crore during the quarter ended on March 31, 2019, mainly due to increased income. The company had posted Rs 17.11 crore net profit during the same period a year ago, Dredging Corporation said in a BSE filing.

Total income during the quarter under review rose to Rs 238.38 crore from Rs 168.18 crore in the year-ago period. Total expenses were at Rs 126.80 crore in the last quarter of 2018-19 against Rs 148.10 crore in January-March 2018.