DBEIL / Q4-FY26 / claim-ledger

Audit the questions that mattered.

Deepak Builders & Engineers India · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ4-FY26 · 2026-05-??Back to quarter ↗

Questions audited

12

Answered directly

54%

Numeric claims

2

Consistency

contradicted

Question ledger

What was answered, and how?

Paras · Beda Family

direct

Are all legacy receivables written off or still pending?

So we have written off all old trade receivables of Kandla energy. With regards to other legacy trade receivables of Dolphin, we have kept them outstanding considering the arbitration awards received in our favor.

Paras · Beda Family

direct

What growth do you project for FY27 and FY28?

With the current trend that is going on we are quite optimistic that this pedigree of growth that has been witnessed in past few years should keep continuing but our sense is that it could be more than 25 to 30%.

Paras · Beda Family

partial

Can we see profit of 450-500 cr in FY28?

with the growing trajectory I don't see that to be an issue or to be a concern because the growth is already been demonstrated for past few years and with the current situation... I think that could be quite possible.

Paras · Beda Family

evasive

Do we qualify for coal gasification scheme?

coal gasification geothermal is something that is aligning to our business activity. So going forward we might so we are already started looking into it and at an approach we may look into this with a strong commitment as we go forward.

Paras · Beda Family

partial

Will delay in production enhancement scheme trim projections?

our activities have been a bit delayed for a quarter or two... these numbers or the projections that what we have should come around maybe it will have an impact of maximum as I mentioned one or two quarters but everything else is just intact.

Manan · Manibi

partial

What transpired in Dolphin this quarter?

So in Dolphin we had a good quarter in terms of revenue. So our revenue has jumped up and along with it some expenditure has also been risen. So there was one opportunity ongoing where we had some higher rates in between the contract.

Manan · Manibi

evasive

What gives confidence to qualify for 2000 HP rigs?

So these standards have been coming in the past but we believe that as we go forward the kind of inquiries that could be floated from our clients would be much higher in numbers and we are sure with the qualification we would surely qualify for the same.

Manan · Manibi

partial

How critical is Modi-5 well and how to get around stop production order?

This stop production order was given only for this particular well which is already in a question. So we have already shut off this well for now for all the compliance and regulatory matters. In short span of time we may try to keep this well activate but that is again in the eventuality.

Manan · Manibi

evasive

When will macro demand translate into order flow?

there are new pieces also coming up and as I also mentioned the new opportunities of the higher capacity rigs and all that put together will definitely give an indication of higher order book. So maybe in some quarter or two you would see that numbers also coming quite above to what the current levels are.

Manan Mandur · Worldport Fund Management

direct

Does bid pipeline include PEC? How are we looking at more PEC contracts?

So this 500 to 600 cr bidding pipeline is consisting of bids already submitted. With regards to PEC one recent tender has came up which is yet to bid and so to answer to your question PEC is not included in this bidding pipeline.

Harisha · Seven Rivers

partial

Why did Dolphin's EBITDA margin decline despite revenue growth?

with regards to Q4 we had one oneoff item of ECL which is expected credit loss provisioning of around 10 CR and I think that is oneoff item. If you will exclude that then margins are in parity.

Sanesa · KSA Securities

direct

How much operating leverage is available from existing assets?

With regards to rig segment our assets are 100% utilized and so with any new order coming in we'll have to do capex of new rig. With regards to gas processing segment we have still availability of around 12-15%.