Dolphin Offshore Enterprises (India)'s Q1 FY 2026-27 Quarterly Results

Result Summary

• Dolphin Offshore Enterprises (India) Ltd reported a 24.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 160.7%.
• Its expenses for the quarter were down by 38.5% QoQ and up 368.7% YoY.
• The net profit decreased 47.7% QoQ and increased 30.7% YoY.
• The earnings per share (EPS) of Dolphin Offshore Enterprises (India) Ltd stood at 3.7 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

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 in providing services to the offshore oil and gas industry. Their main line of business includes marine operations, diving, and underwater services, which are essential for the maintenance and construction of offshore oil and gas facilities. As of the information available up to October 2023, there are no specific recent major developments publicly documented about Dolphin Offshore Enterprises that can be included in this report. The company's operations are significantly tied to the performance and demand within the energy sector, particularly focusing on offshore activities.

Revenue

For the first quarter of fiscal year 2027 (Q1FY27), Dolphin Offshore Enterprises reported a total income of ₹42.88 crores. This marks a quarter-over-quarter (QoQ) decrease of 24.8% compared to ₹57.03 crores in the fourth quarter of fiscal year 2026 (Q4FY26). Despite the QoQ decline, there is a substantial year-over-year (YoY) growth of 160.7% from ₹16.45 crores in the first quarter of fiscal year 2026 (Q1FY26). This significant YoY increase indicates a notable improvement in revenue generation compared to the same period in the previous year.

Profitability

The profitability metrics for Dolphin Offshore Enterprises show a mixed performance. The company achieved a profit before tax of ₹16.49 crores in Q1FY27, reflecting a 16.5% QoQ increase from ₹14.15 crores in Q4FY26, and a 52.5% YoY increase from ₹10.81 crores in Q1FY26. However, the profit after tax for Q1FY27 was ₹14.81 crores, which shows a 47.7% decline from ₹28.33 crores in Q4FY26, despite a 30.7% YoY increase from ₹11.33 crores in Q1FY26. The tax expense for Q1FY27 was ₹1.68 crores, contrasting with a tax credit in Q4FY26 of ₹-14.18 crores, which significantly impacts the net profitability for the current quarter.

Operating Metrics

Dolphin Offshore Enterprises' operating metrics highlight the company's expenses and earnings performance. Total expenses for Q1FY27 were ₹26.39 crores, showing a decrease of 38.5% QoQ from ₹42.88 crores in Q4FY26, but a significant increase of 368.7% YoY compared to ₹5.63 crores in Q1FY26. The Earnings Per Share (EPS) stood at ₹3.70 for Q1FY27, decreasing by 47.7% from ₹7.08 in Q4FY26, while registering a 30.7% increase from ₹2.83 in Q1FY26. These changes in expenses and EPS reflect the company's cost management efforts and earnings distribution over the analyzed periods.