How has been the historical performance of Dolphin Offshore?

Answer:The historical performance of Dolphin Offshore shows significant fluctuations in its financial metrics over the years, particularly in net sales and profitability.

Breakdown:
Dolphin Offshore's net sales have seen a notable increase from Mar'24 at 6.47 Cr to Mar'25 at 74.02 Cr, marking a substantial recovery from previous years where sales were at 0.00 Cr in both Mar'23 and Mar'22. However, this is a decline from the higher sales figures of 167.71 Cr in Mar'18 and 207.54 Cr in Mar'17. Total operating income followed a similar trend, rising to 74.02 Cr in Mar'25 from 6.47 Cr in Mar'24. The total expenditure, excluding depreciation, also increased to 28.14 Cr in Mar'25 from 9.97 Cr in Mar'24, reflecting rising operational costs. Operating profit, which was negative at -3.50 Cr in Mar'24, turned positive to 48.98 Cr in Mar'25, indicating a strong operational turnaround. Profit before tax also improved significantly, rising to 47.57 Cr in Mar'25 from just 0.26 Cr in Mar'24. Consequently, profit after tax reached 46.48 Cr in Mar'25, up from 5.57 Cr in Mar'24, showcasing a robust recovery in profitability. The earnings per share (EPS) also reflected this positive trend, increasing to 11.62 in Mar'25 from 1.39 in Mar'24. Overall, Dolphin Offshore's recent performance indicates a strong rebound in sales and profitability after a period of stagnation and losses.