DOLPHIN reports 47.65% operating margin in Q1FY27
Net profit was Rs 14.81 cr, while a 10.16% tax rate supported earnings conversion and other income remained negligible.
Filed 24 Jul 2026, 17:04 IST · after market close · DOLPHIN (DOLPHIN)
Key takeaways
- DOLPHIN reported consolidated Q1FY27 net profit of Rs 14.81 cr on revenue of Rs 42.85 cr.
- Operating profit of Rs 20.42 cr translated into a 47.65% operating margin, making core operations the main earnings source.
- Other income was only Rs 0.03 cr, while the 10.16% tax rate supported the conversion of Rs 16.49 cr pre-tax profit into net profit.
Core operations drove the consolidated Q1FY27 result
DOLPHIN reported consolidated revenue of Rs 42.85 cr and net profit of Rs 14.81 cr in Q1FY27. Operating profit of Rs 20.42 cr indicates that the quarter's earnings were generated primarily through the operating business rather than non-operating gains.
Earnings quality was not dependent on other income
Other income was Rs 0.03 cr against profit before tax of Rs 16.49 cr, so it made no meaningful contribution to reported pre-tax earnings. The 10.16% tax rate helped convert pre-tax profit into Rs 14.81 cr of net profit, while operating margin stood at 47.65%.
The filing came after market close
The consolidated results were filed at 17:04 IST on 24 July 2026, after market close. There is therefore no post-results share-price reaction to assess in this update, and no quarter-on-quarter or year-on-year comparison is available here.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹43 cr |
| Other income | ₹0 cr |
| Expenses | ₹22 cr |
| Operating profit | ₹20 cr |
| Operating margin (%) | 47.65% |
| Interest | ₹4 cr |
| Depreciation | ₹5 cr |
| Profit before tax | ₹16 cr |
| Tax | ₹2 cr |
| Net profit | ₹15 cr |
| EPS (₹) | ₹3.70 |
What to watch
- Whether operating margin remains near 47.65% in the next reported quarter.
- Whether other income remains immaterial relative to Rs 16.49 cr of pre-tax profit.
- Whether EPS sustains above Rs 3.70.