Duke Offshore Limited Reports Widened Losses in Q1 FY2026
Duke Offshore Limited experienced a significant increase in net loss for Q1 FY2026. Total income dropped by 91.32% to Rs. 6.50 lakhs, while net loss widened by 65.04% to Rs. 39.56 lakhs compared to the same quarter last year. Despite a 53.43% reduction in total expenses to Rs. 46.06 lakhs, the company's financial performance deteriorated. The Basic EPS declined to -0.40 Rs. from -0.24 Rs. in Q1 FY2025.
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Duke Offshore Limited , an offshore business operator, has reported a significant increase in net loss for the quarter ended June 30, 2025, according to the company's latest financial results.
Financial Performance
The company's unaudited financial results for Q1 FY2026 reveal:
| Particulars (in Rs. lakhs) | Q1 FY2026 | Q1 FY2025 | Change (%) |
|---|---|---|---|
| Total Income | 6.50 | 74.93 | -91.32% |
| Total Expenses | 46.06 | 98.90 | -53.43% |
| Net Loss | 39.56 | 23.97 | +65.04% |
| Basic EPS (in Rs.) | -0.40 | -0.24 | +66.67% |
Duke Offshore's total income saw a sharp decline of 91.32% year-over-year, dropping from Rs. 74.93 lakhs in Q1 FY2025 to Rs. 6.50 lakhs in Q1 FY2026. The company's revenue from operations stood at Rs. 6.93 lakhs, while other income accounted for Rs. 6.50 lakhs.
Despite a 53.43% reduction in total expenses, from Rs. 98.90 lakhs to Rs. 46.06 lakhs, the company's net loss widened by 65.04% to Rs. 39.56 lakhs, compared to a loss of Rs. 23.97 lakhs in the same quarter last year.
Operational Highlights
- Employee benefits expense decreased to Rs. 21.23 lakhs from Rs. 23.14 lakhs in the previous year's quarter.
- Depreciation, amortization, and depletion expenses reduced significantly to Rs. 10.02 lakhs from Rs. 26.25 lakhs.
- Other expenses saw a substantial decrease, dropping to Rs. 14.81 lakhs from Rs. 49.11 lakhs.
Company Overview
Duke Offshore Limited operates in the offshore business segment and has a paid-up equity share capital of Rs. 985.72 lakhs. The company's financial results were reviewed and approved by the Board of Directors in a meeting held on August 14, 2025.
Auditor's Review
The statutory auditors, Kirtane & Pandit LLP, Chartered Accountants, have issued an unmodified audit report on the standalone financial results for the quarter ended June 30, 2025. The auditors conducted their review in accordance with the Standard on Review Engagements (SRE) 2410.
Duke Offshore Limited continues to face challenges in its operational performance, as reflected in the widened losses and decreased revenue. The company's ability to manage expenses in the face of declining income will be crucial for its financial health in the coming quarters.
Historical Stock Returns for Duke Offshore
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.21% | +11.81% | +15.61% | -2.37% | -7.62% | +86.54% |
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