Dolphin Offshore Enterprises Reports Strong Financial Performance in Q1 FY25

Dolphin Offshore Enterprises (India), a smallcap company in the oil exploration and refineries industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

Despite this, Dolphin Offshore has shown a very positive financial performance in the quarter, with a score of 22, a significant improvement from 0 in the last 3 months. This improvement can be attributed to several factors.

One of the key highlights of the quarter is the company’s Profit Before Tax less Other Income (PBT), which has grown by 516.5% to Rs 6.06 crore, compared to the average PBT of the previous four quarters which was at Rs -1.46 crore. This indicates a very positive trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) has also shown a significant growth of 658.8% to Rs 7.55 crore, compared to the average PAT of the previous four quarters which was at Rs 1.00 crore. This is another positive trend for the company in the near term.

In terms of sales, Dolphin Offshore has recorded its highest net sales of Rs 8.34 crore in the last five quarters, indicating a positive trend in the near term. The company’s Operating Profit (PBDIT) has also shown a positive trend, with the highest at Rs 6.16 crore in the last five quarters.

Furthermore, the company’s Operating Profit Margin has also improved, reaching its highest at 73.86% in the last five quarters. This indicates an improvement in the company’s efficiency.

Overall, Dolphin Offshore’s financial performance in the quarter ending June 2024 has been very positive, with significant growth in key areas such as PBT, PAT, and net sales. This is a promising sign for the company and its investors.