Dolphin Offshore Enterprises (India) Limited has informed the Exchange regarding Board meeting held on July 22, 2025.
DOLPHIN · price
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Awaiting price reaction for this filing.
The Board of Directors met on July 22, 2025 and approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, revenue from operations stood at Rs 40 lakhs versus Rs 1.50 lakhs in Q1 FY25, but the company posted a net loss of Rs 48.17 lakhs with negative EPS of Rs 0.12. On a consolidated basis (including two foreign subsidiaries), revenue jumped to Rs 1,644.30 lakhs and net profit rose to Rs 1,119.26 lakhs, up about 49% from Rs 751.17 lakhs in the year-ago quarter, with EPS of Rs 2.83. Statutory auditor M/s Mahendra N. Shah & Co. issued an unqualified (clean) limited review report on both sets of results. The Board also appointed Ms. Aishwarya Parekh as Secretarial Auditor for 5 years and Mrs. Shivangi Digant Shah as an Additional Non-Executive Independent Director for a 5-year term, subject to shareholder approval.
Consolidated earnings are strong, driven mainly by foreign subsidiaries, which should be positive for shareholders. However, the standalone business remains loss-making and very small in scale, signalling weak core domestic operations. The director and auditor appointments are routine governance changes with no immediate material impact on the stock.