Dolphin Offshore approved audited standalone and consolidated financial results for Q4 and FY ending March 31, 2026, reporting a massive surge in profitability.
Standalone net profit soared to ₹2,697.21 lakhs in FY26 from ₹324.16 lakhs in FY25, while consolidated net profit reached ₹6,853.79 lakhs from ₹4,647.95 lakhs.
Key factors include recognition of deferred tax assets worth ₹1,065.49 lakhs and an Expected Credit Loss provision of ₹401.75 lakhs on trade receivables.
The board re-appointed Manubhai & Shah LLP as internal auditor for FY2026-27 and noted the incorporation of a new wholly-owned subsidiary.