Dolphin Offshore Enterprises (India) has reported its third quarter consolidated financial results, showing a net profit of ₹133 million compared to ₹155 million in the same quarter of the previous year.

Financial Performance Overview

The company's consolidated net profit for the third quarter stood at ₹133 million, reflecting a year-on-year comparison with the corresponding period's performance of ₹155 million.

Year-on-Year Analysis

The quarterly results indicate a decline in consolidated net profit when compared to the same quarter in the previous fiscal year. The company's performance shows the difference between the current quarter's ₹133 million and the prior year's ₹155 million for the same reporting period.

Dolphin Offshore Enterprises (India) operates in the offshore services sector, and these results reflect the company's consolidated financial performance for the third quarter reporting period.

Dolphin Offshore Enterprises (India) Limited , a key player in the Oil & Gas Offshore Support Services sector, has announced its financial results for the quarter and half-year ended September 30, 2025, showcasing a significant improvement in performance.

Consolidated Financial Highlights

The company reported impressive consolidated financial results for Q2 FY2026:

The consolidated revenue from operations for Q2 FY2026 stood at Rs 2,462.11 crore, marking a substantial increase from Rs 1,673.30 crore in the corresponding quarter of the previous year. The company's net profit for the quarter reached Rs 1,560.83 crore, up from Rs 1,292.06 crore in Q2 FY2025.

Standalone Performance

On a standalone basis, Dolphin Offshore Enterprises reported:

• Revenue from operations: Rs 84.91 crore for Q2 FY2026
• Net profit: Rs 475.57 crore for Q2 FY2026, compared to a net loss of Rs 5.75 crore in the previous quarter

Operational Insights

The company operates in the Oil & Gas Offshore Support Services segment, providing a comprehensive range of integrated services. These include:

• Deployment and management of specialized vessels (PSVs, AHTS, and OSVs)
• Logistics and supply chain coordination
• Accommodation and life support for offshore personnel
• Subsea services including ROV operations and diving support

Financial Position

As of September 30, 2025, the consolidated balance sheet showed:

• Total assets: Rs 52,282.60 crore
• Equity share capital: Rs 400.05 crore
• Other equity: Rs 29,821.41 crore

Auditor's Note

The auditors have drawn attention to the company's old trade receivables from the period prior to the acquisition through the NCLT resolution process. The current management is evaluating the recoverability of these receivables and taking steps to realize them, although no significant movement or recovery has been observed during the current financial period.

Dolphin Offshore Enterprises' strong financial results indicate a positive trajectory for the company in the Oil & Gas Offshore Support Services sector.