Outcome of the Board Meeting held today i.e. May 05, 2026
DOLPHIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dolphin Offshore Enterprises reported strong FY26 results with standalone net profit of Rs 3,753.55 lakhs (vs Rs 580.77 lakhs in FY25) and consolidated net profit of Rs 6,853.79 lakhs (vs Rs 4,647.95 lakhs). Standalone revenue grew 27% to Rs 1,488.48 lakhs while consolidated revenue rose 57% to Rs 11,642.04 lakhs. The company recognized Rs 401.75 lakhs ECL provision (standalone) and Rs 904.95 lakhs (consolidated) for trade receivables recoverability issues. Additional deferred tax assets of Rs 1,065.49 lakhs were recognized on carried forward losses. A new subsidiary Beluga International (IFSC) Private Limited was incorporated in March 2026. Statutory auditors M/s Mahendra N. Shah & Co issued an unmodified opinion. M/s Manubhai & Shah LLP was reappointed as internal auditor for FY27.
The company showed exceptional profit growth and revenue expansion in FY26, though the large ECL provisions indicate asset quality concerns. The clean audit opinion provides comfort to shareholders. Strong performance in offshore support services segment is positive for the stock.