Dolphin Offshore Enterprises (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
DOLPHIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dolphin Offshore Enterprises reported strong annual performance for FY2026. Consolidated revenue from operations grew 57% to Rs. 11,642.04 lakhs from Rs. 7,401.92 lakhs in the prior year period. Net profit after tax increased 47% to Rs. 6,853.79 lakhs from Rs. 4,647.95 lakhs. Basic EPS stands at Rs. 17.13. The auditors issued an unmodified clean opinion but included emphasis of matter notes regarding recognition of Expected Credit Loss (ECL) provision of Rs. 904.95 lakhs on trade receivables and recognition of additional deferred tax assets of Rs. 1,065.49 lakhs on carried forward losses and unabsorbed depreciation. The company also incorporated a new subsidiary, Beluga International (IFSC) Private Limited, during the year.
The company delivered robust revenue and profit growth, with the clean audit opinion providing comfort to investors. The large ECL provision on receivables and deferred tax asset recognition are flags that investors should monitor — the latter inflated profits this year.