Results Financial Result for 31 March, 2026

Duke Offshore Limited reported a dramatic revenue collapse with income plummeting from Rs 155.48 lakhs in FY25 to just Rs 73.67 lakhs in FY26, representing a decline exceeding 50%. Revenue from operations alone fell from Rs 155.48 lakhs to Rs 6.93 lakhs. Despite reporting a loss before tax of Rs 64.82 lakhs, the company benefited from a large tax credit of Rs 154.23 lakhs, resulting in profit after tax of Rs 89.41 lakhs. Operating cash flow remained negative at Rs -15.80 lakhs. The statutory auditors Kirtane & Pandit LLP issued an unmodified (clean) audit opinion, and there was a change in auditors from the previous year. Related party transactions totaling approximately Rs 68.31 lakhs were disclosed involving key management personnel including Managing Director and CFO.