Dolphin Offshore Enterprises (India)'s Q2 FY 2025-26 Quarterly Results

Result Summary

• Dolphin Offshore Enterprises (India) Ltd reported a 74.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 68.4%.
• Its expenses for the quarter were up by 72.1% QoQ and 132.4% YoY.
• The net profit increased 37.8% QoQ and increased 20.8% YoY.
• The earnings per share (EPS) of Dolphin Offshore Enterprises (India) Ltd stood at 3.9 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Dolphin Offshore Enterprises (India) Ltd is a company engaged primarily in the offshore oil and gas sector. The company provides a range of services including marine operations, underwater services, and vessel management, catering to the needs of offshore exploration and production. Dolphin Offshore Enterprises has established itself as a key player in the industry, offering specialized services that support the infrastructure and operational requirements of its clients in the energy sector. While the specifics of any recent developments were not provided in the data, the company’s focus remains on serving the offshore oil and gas industry with its suite of services.

Revenue

For the quarter ended Q2FY26, Dolphin Offshore Enterprises reported a total income of ₹28.66 crores. This represents a notable increase of 74.2% from the previous quarter (Q1FY26), where the total income stood at ₹16.45 crores. When compared to the same quarter in the previous year (Q2FY25), the total income showed a growth of 68.4%, up from ₹17.02 crores. This significant growth in total income both sequentially and annually highlights the company's ability to generate increased revenue during the period under review.

Profitability

During Q2FY26, the company achieved a profit before tax of ₹18.98 crores, which is a 75.6% rise from ₹10.81 crores in Q1FY26. Year-over-year, the profit before tax increased by 47.7% from ₹12.85 crores in Q2FY25. The profit after tax for Q2FY26 was ₹15.61 crores, marking a quarterly increase of 37.8% from ₹11.33 crores in Q1FY26, and a year-over-year growth of 20.8% from ₹12.92 crores in Q2FY25. The earnings per share (EPS) for the quarter stood at ₹3.90, up from ₹2.83 in the previous quarter and ₹3.23 in the corresponding quarter of the prior year, representing growth rates similar to the profit after tax figures. The tax expense recorded an unusual shift, moving from a negative tax in Q1FY26 and Q2FY25 to a positive ₹3.37 crores in Q2FY26, indicating a change in the tax profile this quarter.

Operating Metrics

The total expenses for Q2FY26 were ₹9.69 crores, which is a quarterly increase of 72.1% from ₹5.63 crores recorded in Q1FY26, and a year-over-year rise of 132.4% from ₹4.17 crores in Q2FY25. This substantial increase in expenses could be attributed to various operational factors pertinent to the company's business activities during this quarter. The increase in total income and expenses has also impacted the profit dynamics. The company's operational efficiency and cost management strategies during this period can be further examined by stakeholders to understand the underlying factors contributing to these changes. The data reflects a period of significant financial activity for Dolphin Offshore Enterprises, characterized by increases in both revenues and costs.