Dolphin Offshore Enterprises (India)'s Q2 FY 2026-27 Quarterly Results

Result Summary

• Dolphin Offshore Enterprises (India) Ltd reported a 9.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 64.2%.
• Its expenses for the quarter were down by 4.9% QoQ and up 159.0% YoY.
• The net profit increased 26.7% QoQ and increased 20.2% YoY.
• The earnings per share (EPS) of Dolphin Offshore Enterprises (India) Ltd stood at 4.69 during Q2 FY 2026-27.

Financial Statments for Q2 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 primarily engaged in the offshore services industry, specializing in providing underwater services, marine construction, and diving services to the oil and gas sector. The company operates in a niche market that demands high specialization and technical expertise, catering mainly to offshore oil and gas exploration and production companies. As of the latest available data, there have been no major public announcements or developments that have significantly altered the company’s operations or market position.

Revenue

In the second quarter of the fiscal year 2027 (Q2FY27), Dolphin Offshore Enterprises reported a total income of ₹47.07 crores. This represents a quarter-over-quarter (QoQ) increase of 9.8% from ₹42.88 crores in the first quarter of the same fiscal year (Q1FY27). Additionally, the year-over-year (YoY) growth in total income was notable, increasing by 64.2% from ₹28.66 crores in the second quarter of the fiscal year 2026 (Q2FY26). This substantial YoY growth highlights a significant expansion in the company’s revenue streams compared to the previous year.

Profitability

The company achieved a profit before tax of ₹21.98 crores in Q2FY27, marking a QoQ increase of 33.3% from ₹16.49 crores in Q1FY27. Compared to the same quarter the previous year, there was a YoY increase of 15.8% from ₹18.98 crores. After accounting for taxes, which amounted to ₹3.21 crores, the profit after tax was ₹18.76 crores, reflecting a QoQ rise of 26.7% from ₹14.81 crores in Q1FY27 and a YoY increase of 20.2% from ₹15.61 crores in Q2FY26. Earnings per share (EPS) also increased, rising to ₹4.69 in Q2FY27 from ₹3.70 in Q1FY27 and ₹3.90 in Q2FY26, representing a QoQ increase of 26.8% and a YoY rise of 20.3%.

Operating Metrics

Total expenses for Dolphin Offshore Enterprises in Q2FY27 were ₹25.10 crores, showing a decrease of 4.9% from ₹26.39 crores in Q1FY27. However, when compared to Q2FY26, total expenses increased by 159.0% from ₹9.69 crores, indicating a substantial rise in operational costs over the year. The tax expense in Q2FY27 was ₹3.21 crores, which was an increase of 91.1% from ₹1.68 crores in Q1FY27, although it reflected a slight decrease of 4.7% from ₹3.37 crores in Q2FY26. These figures suggest changes in both the cost structure and tax liabilities over the analyzed periods.