Integrated Filing — IndAS

General information about company
Scrip Code	522261
NSE Symbol	DOLPHIN
MSEI Symbol	NOTLISTED
ISIN	INE920A01037
Name of company	Dolphin Offshore Enterprises (India) Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	28-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	21-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Oil and Gas Offshore Support Services
Start date and time of board meeting	28-Apr-2025   12:00:00
End date and time of board meeting	28-Apr-2025   15:00:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	204442000	740192000
	Other income	-1911000	31024000
	Total income	202531000	771216000
2	Expenses
(a)	Cost of materials consumed	82102000	256609000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	698000	3498000
(e)	Finance costs	8559000	12069000
(f)	Depreciation, depletion and amortisation expense	7000	2077000
(f)	Other Expenses
1	Other Expenses	8308000	21266000
	Total other expenses	8308000	21266000
	Total expenses	99674000	295519000
3	Total profit before exceptional items and tax	102857000	475697000
4	Exceptional items	0	0
5	Total profit before tax	102857000	475697000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	-1621000	10902000
9	Total tax expenses	-1621000	10902000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	104478000	464795000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	104478000	464795000
17	Other comprehensive income net of taxes	22090000	45985000
18	Total Comprehensive Income for the period	126568000	510780000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	40005000	40005000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		2684042000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	2.61	11.62
	Diluted earnings (loss) per share from continuing operations	2.61	11.62
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	2.61	11.62
	Diluted earnings (loss) per share from continuing and discontinued operations	2.61	11.62
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1The above consolidated financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company in their respective meetings held on April 28 2025 n n2The statutory auditors have carried out Audit of the above results as per Regulation 33 of the SEBI Listing Obligation and Disclosure Requirements Regulations, 2015 n n3The above consolidated financial results comprise the results of Dolphin Offshore Enterprises India Limited Parent Company and two subsidiaries Parent Company and its subsidiaries together referred to as the Group n n4The Consolidated Financial results for the quarter and year ended March 31 2025 have been prepared in accordance with the Companies Indian Accounting Standards Rules 2015 Ind AS prescribed under Section 133 of the Companies Act 2013 and other recognized accounting practices and policies to the extent applicable n n5The Group operates in a single segment and in line with Ind AS 108 Operating Segments the operations of the Company fall under Oil and Gas Offshore Support Services which is considered to be the only reportable business segment n n6Beluga International DMCC wholly owned subsidiary of the company has entered into Lease agreement on April 8 2025 with Ballast Shipping S A DE C V for leasing of Prabha DP2 Accommodation barge previously known as Vikrant shipping for a period of 3 years n n7 The figures of previous quarters or year are reclassified regrouped and rearranged wherever necessary so as to make them comparable with current period's figures n n8During the current Year Beluga International DMCC has made Preference share investment of USD 2.2 Million in HF Hunter Shipping Pte Ltd n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	11087000
	Capital work-in-progress	2216225000
	Investment property	0
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets
	Total non-current financial assets	0
	Deferred tax assets (net)	42191000
	Other non-current assets	2349000
	Total non-current assets	2271852000
2	Current assets
	Inventories	0
	Current financial asset
	Current investments	273860000
	Trade receivables, current	1974946000
	Cash and cash equivalents	83639000
	Bank balance other than cash and cash equivalents	534000
	Loans, current	0
	Other current financial assets	22000
	Total current financial assets	2333001000
	Current tax assets (net)
	Other current assets	3360000
	Total current assets	2336361000
3	Non-current assets classified as held for sale	3712000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	4611925000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	40005000
	Other equity	2684042000
	Total equity attributable to owners of parent	2724047000
	Non controlling interest
	Total equity	2724047000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1647525000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	0
	Total non-current financial liabilities	1647525000
	Provisions, non-current	0
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	1647525000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	185188000
	Total Trade payable	185188000
	Other current financial liabilities	9565000
	Total current financial liabilities	194753000
	Other current liabilities	45551000
	Provisions, current	49000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	240353000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	1887878000
	Total equity and liabilites	4611925000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	-22090000	-45985000
5	Total Other comprehensive income	22090000	45985000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			475697000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			11565000
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			-539933000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-1331000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			6366000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			182248000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-131000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			2077000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-351000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			5685000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			504000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-344671000
	Net cash flows from (used in) operations			131026000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			988000
	Other inflows (outflows) of cash			-25339000
	Net cash flows from (used in) operating activities			104699000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			1828347000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			9722000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			153247000
	Net cash flows from (used in) investing activities	-1665378000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			1647526000
	Repayments of borrowings			0
	Payments of lease liabilities			2838000
	Dividends paid			0
	Interest paid			2000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			1642688000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			82009000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			82009000
	Cash and cash equivalents cash flow statement at beginning of period			1630000
	Cash and cash equivalents cash flow statement at end of period			83639000