The company announced the results after market hours on Monday, 28 May 2012.

Meanwhile, the BSE Sensex was up 7.40 points or 0.05% to 16,424.24.

On BSE, 5,726 shares were traded in the counter as against average daily volume of 21,909 shares in the past one quarter.

The stock hit a high of Rs 248 and a low of Rs 241.20 so far during the day. The stock had hit a 52-week high of Rs 344 on 1 June 2011. The stock had hit a 52-week low of Rs 187.05 on 20 December 2011.

The small-cap stock had underperformed the market over the past one month till 28 May 2012, falling 17.19% compared with the Sensex's 4.48% decline. The scrip had also underperformed the market in past one quarter, declining 20.48% as against Sensex's 7.41% fall.

The company has an equity capital of Rs 28 crore. Face value per share is Rs 10.

Dredging Corporation of India's (DCI) net profit fell 66.6% to Rs 13.18 crore on 2.3% growth in net sales to Rs 468.27 crore in the year ended 31 March 2012 over the year ended 31 March 2011.

State-owned Dredging Corporation of India (DCI) is the premier dredging company in the country. Dredging is the process of excavating/ or removing soil/or rock from under the water by a dredger. The main objective of dredging is the creation of deeper water to improve navigation. The Government of India (GoI) holds 78.56% stake in the firm.