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.

Dolphin Offshore Enterprises (India) Limited has announced its unaudited financial results for the first quarter, along with key leadership appointments, as approved by the company's Board of Directors on July 22, 2025.

Financial Performance

The company reported standalone revenue from operations of Rs 40.00 lakhs for Q1. On a consolidated basis, Dolphin Offshore reported revenue from operations of Rs 1,644.30 lakhs for the quarter.

The standalone net profit for Q1 was Rs 124.08 lakhs. On a consolidated basis, the net profit reached Rs 1,113.26 lakhs.

Key Appointments

The Board of Directors made two significant appointments:

Secretarial Auditor

Ms. Aishwarya Parekh has been appointed as the Secretarial Auditor for a five-year term, subject to shareholder approval.

Additional Non-Executive Independent Director

Mrs. Shivangi Digant Shah has been appointed as an Additional Non-Executive Independent Director for a five-year term from July 22, 2025, to July 21, 2030, subject to shareholder approval at the upcoming Annual General Meeting.

These appointments are part of Dolphin Offshore's efforts to strengthen its corporate governance and compliance framework.

Company Operations

Dolphin Offshore operates in the offshore support services segment, providing integrated services for offshore energy operations. Their offerings include specialized vessels, logistics, and subsea services.

Investors and stakeholders will be keenly watching how these new appointments and the company's financial performance will impact Dolphin Offshore's future growth and strategic direction in the offshore support services sector.