Dolphin Offshore Enterprises (India) Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
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Dolphin Offshore Enterprises has submitted its unaudited standalone and consolidated financial results for Q2 FY26 and the half year ended September 30, 2025, approved at a board meeting on November 1, 2025. On a consolidated basis, revenue from operations rose to Rs. 2,462.11 lakhs in Q2 FY26 from Rs. 1,673.30 lakhs in Q2 FY25 (~47% YoY growth), while H1 FY26 revenue stood at Rs. 4,106.41 lakhs versus Rs. 3,507.44 lakhs in H1 FY25. Consolidated net profit jumped to Rs. 2,694.09 lakhs in H1 FY26 from Rs. 2,047.23 lakhs, a growth of about 32%. Standalone results were much smaller, with H1 net profit of Rs. 415.57 lakhs versus Rs. 96.44 lakhs a year earlier. Consolidated total assets grew to Rs. 52,282.60 lakhs, supported by long-term borrowings of Rs. 19,373.26 lakhs. The statutory auditor issued an unmodified limited review report but flagged an Emphasis of Matter regarding old trade receivables inherited from the prior management through the NCLT resolution process, noting no significant recovery during the period.
The results show strong profit growth driven largely by subsidiaries (especially foreign entities), but the standalone business remains very small and the audit emphasis on unrecovered legacy receivables is a watchpoint for shareholders. The rise in borrowings alongside expanding capital work-in-progress suggests the company is in a growth/investment phase, which could pressure near-term cash flows but supports future revenue.