Dolphin Offshore Enterprises (India) Limited has informed the Exchange regarding Change in Auditors of the company.
DOLPHIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dolphin Offshore reported strong FY2026 results with standalone revenue growing 27% to Rs. 1,488.48 lakhs and consolidated revenue up 57% to Rs. 11,642.04 lakhs. Standalone PAT surged from Rs. 324.16 lakhs to Rs. 3,753.55 lakhs, while consolidated PAT grew 47.5% to Rs. 6,853.79 lakhs. Key accounting items include recognition of additional deferred tax assets of Rs. 1,065.49 lakhs on carried forward losses, and Expected Credit Loss provisions of Rs. 904.95 lakhs (consolidated) on trade receivables. The company incorporated a new subsidiary Beluga International (IFSC) but capital infusion is pending. Statutory auditors Mahendra N. Shah & Co. issued an unmodified opinion with emphasis of matter on ECL and deferred tax assets. M/s Manubhai & Shah LLP was re-appointed as Internal Auditor for FY2026-27.
Strong financial performance with PAT growth over 47% is positive for shareholders. However, the large ECL provisions and deferred tax asset recognition (based on future profit assumptions) warrant monitoring as they impact asset quality and earnings sustainability.