This company, which has its presence in its marine and offshore services to the oil and gas sector, reported a significant rise in its yoY financials, which led it to hit an upper circuit of 2 percent. In this article, we will look into their financials.
Price Movement
With a market capitalization of Rs 1,567 crore, the shares of Dolphin Offshore Enterprises (India) Ltd is currently trading at Rs 392 per share, down by 58.7 percent, from its 52-week high of Rs 949 per share. The stock has given a negative return of 10.29 percent in the last one year.
Financial Highlights
On Monday, the company announced its financial results and made a couple of announcements. It reported a total revenue of Rs 77.12 crores in FY25, up by 603 percent from its FY24 revenue of Rs 10.96 crores. It increased by 598 percent YoY from 2.9 crores in Q4 FY24 to 20.25 crores in Q4 FY25. However, on a QoQ basis, it declined by 31.6 percent from 29.62 crores in Q3 FY25 to 20.25 crores in Q4 FY25
It posted a net profit of Rs 46.47 crores in FY25, up by 734 percent, from its FY24 net profit of Rs 5.57 crores. It increased by 614 percent YoY from 1.46 crores in Q4 FY24 to 10.44 crores in Q4 FY25. However, on a QoQ basis, it declined by 32.8 percent from 15.55 crores in Q3 FY25 to 10.44 crores in Q4 FY25.
About the company
Dolphin Offshore Enterprises (India) Limited, a Mumbai, India-based company founded in 1979, offers marine and offshore services to the oil and gas sector. It provides underwater and diving services involving pipe laying support, platform upkeep, and underwater construction.
In addition to this, it also offers marine construction services like surveys, offshore structure installation, and jack-up rig repairs. Moreover, Dolphin Offshore has expertise in ship repair operations, such as underwater repair and engine overhaul, as well as fabrication and design engineering services for onshore and offshore works.
Written by Satyajeet Mukherjee
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