Dolphin Offshore Shares Price Jump Over 19% After Strong Q2 Performance

Mumbai, November 3, 2025: Shares of Dolphin Offshore Enterprises (India) Ltd (NSE: DOLPHIN; BSE: 522261) surged by almost 20% in early trade on Monday after the company announced its financial results for the quarter ended September 2025. The company had robust financials during the Q2FY26 as its revenue grew 47% on a YoY basis while its net profit rose by 20.8%.

Dolphin Offshore Enterprises (India) Ltd provides offshore engineering and marine services to the oil and gas industry. The company is headquartered in Mumbai and is listed on the NSE and BSE under the tickers DOLPHIN and 52226, respectively. It has diversified expertise in offshore construction, diving, and ship repair operations.

Q2 FY26 Financial Performance (Consolidated)

The company reported healthy financial results, as its revenue from operations reached ₹2,462.11 lakh, a 49% increase from ₹1,644.30 lakh in Q1FY26 and a 47% increase from ₹1,673.30 lakh in Q2FY25. The total income also reached ₹2,866.42 lakh, a 74% increase from Q1FY26’s ₹1,644.61 lakh and a 68% increase from Q2FY25’s ₹1,701.88 lakh. Another significant increase was noticed in profit before tax and net profit, which reached ₹1,898.15 lakh and ₹1,560.83 lakh, a 76% and 21% QoQ increase from Q1FY26’s ₹1,080.90 lakh and ₹1,133.26 lakh, respectively.

Strong Profitability and Growth Outlook

The rally in the company’s net profit in Q2 FY26, marking a 20.8% year-on-year increase, was driven by improved operational efficiency and higher project execution. On the expenses side, the finance costs of the company rose to ₹329.75 lakh from ₹247.16 lakh in Q1 FY26, indicating the ongoing project-related funding, while depreciation stood at ₹376.80 lakh compared with ₹234.11 lakh in the preceding quarter.

Stock Snapshot

As of November 03, 2025,was trading at ₹444.00, a sharp increase of 19.44% or ₹72.25.

The shares price opened strong at ₹409.95 and moved between ₹400.00 and ₹446.10 during the session. The company has had an active trading day, with total traded volume and traded value standing at 2.12 lakh shares and ₹9.35 crore, respectively, while the total market capitalisation stood at ₹1,779.80 crore.

REF: https://nsearchives.nseindia.com/corporate/DOLPHINOFFSHORE_01112025150019_Outcome.pdf

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