Synopsis:
Dolphin Offshore Enterprises Limited reported its Q2FY26 results, with revenue rising 47.16 percent compared to Q2FY25 and up by 49.75 percent from Q1FY26.
The shares of a small-cap company engaged in providing solutions for the offshore oil and gas sector rose to 20 percent hitting the upper price band following the release of its Q2FY26 results and updates.
With a market capitalization of Rs.1,757 crores, the shares of Dolphin Offshore Enterprises Limited were trading at Rs.439.20, up by 20 percent from its previous day closing price of Rs.366, reaching the upper circuit.
Q2FY26 Results
Dolphin Offshore Enterprises Limited posted revenue of Rs.24.62 crore in Q2FY26, up by 47.16 percent from Rs.16.73 crore in Q2FY25, and up by 49.75 percent compared to Rs.16.44 crore in Q1FY26.
EBITDA rose to Rs.22 crores in Q2FY26, up by 69.23 percent from Rs.13 crores in Q2FY25, up by 37.5 percent compared to Rs.16 crores in Q1FY26. Profit before tax stood at 19 crores in Q2FY26, up by 46.15 percent from Rs.13 crores in Q2FY25, up by 72.72 percent compared to Rs.11 crores in Q1FY26.
The company’s net profit stood at Rs.15.60 crore in Q2FY26, rising to 20.74 percent from Rs.12.92 crore a year ago and up by c percent from Rs.11.33 crore in Q1FY26.
About the company
Dolphin Offshore Enterprises Limited is a provider of underwater and marine services for the oil and gas industry. The company undertakes turnkey EPC projects, including sub-sea engineering, diving operations, pipeline inspections, vessel management, and offshore platform installation. Its services also cover ship and rig repairs, marine logistics, and the development of international partnerships for underwater technology, environmental protection, and training programs for divers and technicians. As of September 2025, promoters hold 74.99 percent, FIIs hold 4.57 percent, DIIs hold 0.31 percent, and the public holds 20.12 percent.
Written By: Jhanavi Sivakumar
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