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 net profit of Rs 14.81 cr, with operating profit contributing Rs 25.31 cr.
- The quarter's operating margin was 59.06%, while interest and depreciation together reduced profit before tax to Rs 16.49 cr.
- Other income was only Rs 0.03 cr, leaving the reported profit largely dependent on operations.
Operating-led Q1FY27 result
Dolphin reported consolidated revenue of Rs 42.85 cr and net profit of Rs 14.81 cr for Q1FY27. Operating profit of Rs 25.31 cr indicates that the quarter's earnings were generated primarily from the business rather than non-operating income.
High margin, with finance and depreciation deductions
The 59.06% operating margin left Rs 25.31 cr from revenue of Rs 42.85 cr after operating expenses of Rs 17.54 cr. Interest of Rs 3.96 cr and depreciation of Rs 4.89 cr reduced operating profit to profit before tax of Rs 16.49 cr. The tax rate was 10.16%, while other income of Rs 0.03 cr did not materially shape the result.
Results filed after market close
The consolidated results were filed on 24 July 2026 at 17:04 IST, after market close. There is no post-results trading response to assess yet, and no sequential or year-on-year comparison is available in this release.
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 | ₹18 cr |
| Operating profit | ₹25 cr |
| Operating margin (%) | 59.06% |
| 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 holds around 59.06% in the next reported quarter.
- The next movement in interest expense from Rs 3.96 cr and depreciation from Rs 4.89 cr.
- Whether other income remains limited from the current Rs 0.03 cr.