Dolphin Offshore Enterprises (India) Limited reported a 30.7% year-on-year increase in consolidated profit after tax (PAT) to ₹1,481.41 lakhs for the quarter ended June 30, 2026, driven by a sharp recovery in offshore support services revenue. Consolidated revenue from operations surged to ₹4,284.65 lakhs in Q1FY27, compared to ₹1,644.30 lakhs in the corresponding quarter of the previous year. The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting held on July 24, 2026, and simultaneously approved the re-appointment of Mr. Rupesh Kantilal Savla as Managing Director for a five-year term effective December 07, 2026, subject to shareholder approval at the ensuing Annual General Meeting.

Consolidated Financial Performance

The company’s consolidated total income stood at ₹4,288.02 lakhs in Q1FY27, a significant improvement from ₹1,644.61 lakhs in Q1FY26. This growth was primarily attributed to higher operational activity in its sole reportable segment, Oil & Gas Offshore Support Services. Total expenses for the quarter were ₹2,639.01 lakhs, comprising cost of materials consumed/other operating expenses of ₹1,033.47 lakhs, employee benefits expenses of ₹25.75 lakhs, finance costs of ₹396.17 lakhs, depreciation and amortisation of ₹488.89 lakhs, and other expenses of ₹694.73 lakhs.

Profit before tax rose to ₹1,649.01 lakhs from ₹1,080.90 lakhs in the prior year period. After accounting for a total tax expense of ₹167.60 lakhs, the consolidated PAT reached ₹1,481.41 lakhs. Basic and diluted earnings per share (EPS) were ₹3.70, up from ₹2.83 in Q1FY26. The following table outlines the key consolidated financial metrics:

Total comprehensive income was ₹1,471.21 lakhs, reflecting an other comprehensive loss of ₹10.20 lakhs due to movements in the foreign currency translation reserve. All profit after tax and comprehensive income were attributable to owners, with no non-controlling interest.

Standalone Financial Results

On a standalone basis, Dolphin Offshore Enterprises reported revenue from operations of ₹246.33 lakhs for Q1FY27, a substantial increase from ₹40.00 lakhs in Q1FY26. However, standalone PAT declined to ₹91.08 lakhs from ₹124.08 lakhs in the year-ago quarter, largely due to higher finance costs and other expenses. Standalone total income was ₹724.11 lakhs, including other income of ₹477.78 lakhs. Total expenses amounted to ₹602.40 lakhs, with finance costs constituting ₹389.61 lakhs. Standalone basic and diluted EPS were ₹0.23.

The paid-up equity share capital remained unchanged at ₹400.05 lakhs (face value of ₹1/- each).

Auditor’s Emphasis of Matter — ECL Provision

The statutory auditors, M/s Mahendra N. Shah & Co., issued a Limited Review Report and drew attention to the Expected Credit Loss (ECL) provision recognised by management. On a standalone basis, an ECL provision of Rs. 502.18 Lakhs was recognised up to the quarter ended June 30, 2026, based on an evaluation of trade receivables ageing and recoverability. On a consolidated basis, the ECL provision stood at Rs. 1110.49 lakhs. The auditors noted that their conclusions were not modified in respect of these matters.

Management and Subsidiary Updates

The Board, based on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment of Mr. Rupesh Kantilal Savla (DIN: 00126303) as Managing Director for five years, effective December 07, 2026. Mr. Savla, who holds a Masters in Business Administration from Bentley College, USA, and a degree in Commerce from Gujarat University, has over 29 years of experience in the energy sector. He is not disqualified under Section 164 of the Companies Act 2013 nor debarred by any SEBI order.

The consolidated results include subsidiaries Dolphin Offshore Enterprise (Mauritius) Private Limited, Beluga International DMCC, and Beluga International (IFSC) Private Limited. The two foreign subsidiaries contributed total revenue of Rs. 4047.15 lakhs and net profit of Rs. 1386.11 lakhs for the quarter. Beluga International (IFSC) Private Limited, incorporated on March 9, 2026, had not commenced operations as at June 30, 2026, despite receiving In-Principle approval from IFSC on July 10, 2026.

Dolphin Offshore Enterprises (India) Limited Dolphin Offshore has published its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The disclosure was made in compliance with Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for investors regarding the company's latest financial performance.

The Board of Directors approved the financial results at a meeting held on Friday, July 24, 2026. Following the board approval, the company published the results in newspapers on Sunday, July 26, 2026. The advertisements appeared in Active Times (English edition) and Lakshadweep (Marathi edition), fulfilling the regulatory requirement for public dissemination of financial information.

Regulatory Compliance and Disclosure

The publication adheres to the specific guidelines set forth in Regulation 47 of the SEBI LODR Regulations, 2015. This regulation mandates listed entities to publish their financial results in newspapers circulating in the region where the registered office is located, as well as in other regions where the shares are traded. By publishing in both English and Marathi editions, Dolphin Offshore ensures that the information reaches a broad spectrum of stakeholders, including retail investors who may prefer regional language publications.

Access to Financial Data

In addition to the newspaper publication, the intimation regarding the financial results has been uploaded to the company’s official website at www.dolphinoffshore.com . Investors and analysts can access the detailed unaudited standalone and consolidated financial statements directly from the investor relations section of the website. This digital availability complements the physical newspaper publication, providing immediate access to the data for those monitoring the stock on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Key Dates and Events

The company’s Company Secretary and Compliance Officer, Krena Khamar, certified the submission to the exchanges. The scrip code for Dolphin Offshore on BSE is 522261, and the symbol is DOLPHIN. Investors are advised to review the detailed financial statements available on the website for a comprehensive understanding of the company's operational performance and financial position for the quarter.