Dolphin Offshore reports strong half-year financial performance

On November 1, 2025, Dolphin Offshore Enterprises (India) Limited announced that its Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. Standalone net profit for the period increased to INR 475.57 Lakhs from INR 96.44 Lakhs year-on-year, with total income rising to INR 897.81 Lakhs from INR 256.12 Lakhs. Consolidated net profit for the half-year surged to INR 2,694.09 Lakhs from INR 2,047.23 Lakhs, with total income reaching INR 4,511.03 Lakhs compared to INR 2,724.53 Lakhs in the prior year.

The company's statutory auditors, M/s Mahendra N. Shah & Co., conducted a "Limited Review" of these results, noting that old trade receivables from the erstwhile management remain on the books. While the current management is evaluating their recoverability, no significant movement or recovery has been observed. The consolidated results include two foreign subsidiaries: Dolphin Offshore Enterprises (Mauritius) Private Limited and Beluga International DMCC.

Dolphin Offshore Enterprises (India) Limited operates as a single reportable segment, Offshore Support Services, encompassing integrated services for offshore energy and infrastructure. The financial results are prepared in accordance with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013.