Dolphin Offshore Enterprises (India) Limited has informed the Exchange regarding Board meeting held on November 01, 2025.
DOLPHIN · price
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The Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. On a consolidated basis, revenue from operations grew about 47% year-on-year in Q2 to Rs 2,462.11 lakhs (vs Rs 1,673.30 lakhs) and stood at Rs 4,106.41 lakhs for H1 FY26 (up roughly 17% from Rs 3,507.44 lakhs). Consolidated net profit rose 21% YoY in Q2 to Rs 1,560.83 lakhs and 32% in H1 to Rs 2,694.09 lakhs; EPS was Rs 3.90 for Q2 and Rs 6.73 for H1. Consolidated borrowings climbed sharply to Rs 19,373.26 lakhs as of September 30, 2025 from Rs 16,475.25 lakhs in March 2025, while total assets expanded to Rs 52,282.60 lakhs. The statutory auditor issued an unqualified Limited Review report but flagged an Emphasis of Matter on old trade receivables originating under the erstwhile (pre-NCLT) management that remain unrecovered.
Strong consolidated earnings growth—driven largely by the two foreign subsidiaries—is a positive, but rising debt and unresolved legacy receivables flagged by the auditor are concerns. Standalone operations show weakness with a negative operating cash flow of Rs 15.14 lakhs, so investors should watch collection progress on old receivables and the standalone trajectory.