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Deep Industries Results: Latest Quarterly Results & Analysis

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Deep Industries Ltd. 20 May 2026 16:29 PM

Q4FY26 & FY26 Result Announced for Deep Industries Ltd.

Oil Equipment & Services company Deep Industries announced Q4FY26 & FY26 results

Standalone Financial Highlights:

  • Revenue from operations:
    • Q4FY26: Rs 17,162.19 lakh compared to Rs 13,643.47 lakh in Q4FY25 (YoY increase of 25.79%). Compared to Q3FY26 (Rs 17,935.73 lakh), this reflects a QoQ decrease of 4.31%.
    • FY26: Rs 70,296.17 lakh compared to Rs 47,747.46 lakh in FY25 (YoY increase of 47.22%).
  • Profit before tax:
    • Q4FY26: Loss of Rs 14,842.15 lakh compared to a loss of Rs 20,223.76 lakh in Q4FY25 (YoY improvement of 26.61%). Compared to Q3FY26 (profit of Rs 6,698.76 lakh), this reflects a significant decrease.
    • FY26: Rs 4,829.63 lakh compared to a loss of Rs 7,556.22 lakh in FY25 (YoY improvement of 163.92%).
  • Profit after tax:
    • Q4FY26: Loss of Rs 4,988.72 lakh compared to a loss of Rs 20,833.13 lakh in Q4FY25 (YoY improvement of 76.05%). Compared to Q3FY26 (profit of Rs 5,060.74 lakh), this reflects a significant decrease.
    • FY26: Rs 9,748.19 lakh compared to a loss of Rs 11,543.32 lakh in FY25 (YoY improvement of 184.45%).
  • Earnings per share (Basic/Diluted):
    • Q4FY26: (Rs 7.79) compared to (Rs 32.55) in Q4FY25. Compared to Q3FY26 (Rs 7.91), this reflects a significant decrease.
    • FY26: Rs 15.23 compared to (Rs 18.04) in FY25.

Business Highlights:

  • Exceptional Items: The standalone and consolidated results for FY26 include a one-time charge of Rs 20,828.49 lakh due to the write-off of legacy trade receivables related to the Kandla Energy & Chemicals Limited merger.
  • Amalgamation: The Scheme of Amalgamation of Kandla Energy & Chemicals Limited with the Company was sanctioned by the NCLT, with an appointed/effective date of March 31, 2025. Comparative figures have been restated to reflect this.
  • New Investment: The Board approved a project cost of Rs 250 crore for setting up a pigment project with a 2,500 MT capacity at SIPCOT Industrial Park, Manapparai, Tamilnadu.
  • New Subsidiary: A step-down subsidiary, "Beluga International (IFSC) Private Limited," was incorporated on March 9, 2026.
  • Segment Information: The Company operates in a single business segment: "Oil and Gas Field Services."

Paras S. Savla, Chairman & Managing Director, Deep Industries, expressed his satisfaction on companies FY26 performance which was due to its ability to adapt to market dynamics and seize emerging opportunities. The write off of receivables of Kandla amounting to Rs. 208.28 crores was a conscious decision taken to clean off our books and ensure a higher returns to the shareholders in years to come.

In FY26 we entered into an MOU for venturing into Green Hydrogen Business to explore the new business areas to add in our service portfolio. This MOU aims to bid for and execute various Green Hydrogen project tenders and contracts.

The oil and gas sector is transitioning from a period of "crisis management" to a "structural rebalancing.” Closure of Strait of Hormuz and crude oil price rise resulted in supply side disruptions and Indian Govt has now fast tracked its resolve to reduce dependence on imports. With the vision of our Honorable Prime Minister Shri Narendra Modiji for Aatmanirbhar Bharat, Country is actively perusing investments for its exploration and production (E&P) sector as a part of broader USD 500 billion opportunity in its Energy Infrastructure by 2030. We are strategically positioned to capitalize on this opportunity, reinforcing our commitment to national energy security and long-term value creation.

With strengthened leadership team the Company is now set for continued growth for operational excellence and innovation. We are confident of sustainable growth in years to come by capturing new opportunities and deliver long-term value to our stakeholders.

We will continue our efforts on adopting best corporate governance and focus on sustainable development of our society through our various CSR Initiatives.

Result PDF

Oil Equipment & Services company Deep Industries announced Q3FY26 results

  • Revenue: Rs 22,149.98 lakh against Rs 15,482.57 lakh during Q3FY25, change 43%.
  • PBT: Rs 9,010.89 lakh against Rs 6,159.48 lakh during Q3FY25, change 46%.
  • PAT: Rs 7,134.97 lakh against Rs 4,761.56 lakh during Q3FY25, change 50%.
  • EPS: Rs 10.63 for Q3FY26.

Result PDF

Oil Equipment & Services company Deep Industries announced Q2FY26 results

  • Revenue for the second quarter stood at Rs 221 crore, up 69.2% YoY.
  • EBITDA for the second quarter stood at Rs 113 crore, up 74.7% YoY.
  • PAT for quarter rose 71.4% to Rs 71.2 crore.
  • Company’s order book stood at Rs 3,050 crore as on date.

Paras S. Savla, Chairman and MD, Deep Industries, said: “We are delighted to share that Deep Industries Ltd has sustained its impressive momentum through the first half of FY26, leveraging our strategic initiatives and unwavering operational excellence to deliver strong results. In the first half, we successfully took over the Rajahmundry asset under a Production Enhancement Contract and secured a key workover rig deployment from Oil India in Rajasthan, as wellas in Assam and Arunachal Pradesh, further diversifying our footprint across key hydrocarbon basins.

These achievements, reinforced by heightened bidding success in value-added segments like charter hire of entire gas processing facilities, reflect our agility in navigating a vibrant market landscape. With an order book now exceeding Rs 3,050 crore, seamless project executions, supportive government policies on domestic exploration, and escalating energy needs, we are primed to accelerate growth, innovate in sustainable solutions, and maximize long-term value for all stakeholders. Deep Industries Limited continues to fortify its position in the Oil and Gas services sector, as evidenced by our impressive Q2 and H1 results”

Result PDF

Oil Equipment & Services company Deep Industries announced Q1FY26 results

  • Operating Revenue: Rs 199.5 crore compared to Rs 123.5 crore during Q1FY25, change 61.6%
  • EBITDA for the quarter was at Rs 95 crore, up 54.7% YoY.
  • PAT for the quarter rose Rs 61.7 crore up 59.3% YoY.
  • Company’s order book rose to Rs 3,051 crore as on date.

Paras S. Savla, Chairman and MD, Deep Industries, said: "Deep Industries has begun FY26 with remarkable momentum, building on our strategic achievements and operational excellence. This quarter, we successfully took charge of the Rajahmundry field for production enhancement operations, initiating baseline production that promises significant output growth in the coming quarters. We have secured key contracts from Oil India for the deployment of mobile workover rigs in Rajasthan, along with a recent charter hire order in Assam and Arunachal Pradesh, strengthening our diversified portfolio.

These milestones, combined with robust activity across our core segments, underscore our commitment to deliver innovative, value-driven solutions. With a strong order book, efficient execution, favorable policy environment and rising energy demand, we are well positioned to drive sustainable growth and create long-term value for our stakeholders. Thank you for your continued trust and support.”

Result PDF

Oil Equipment & Services company Deep Industries announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Operating Revenue: Rs 167.2 crore compared to Rs 119.6 crore during Q4FY24, change 39.7%.
  • Total Income: Rs 173.1 crore compared to Rs 130.9 crore during Q4FY24, change 32.2%.
  • EBITDA: Rs 62.5 crore compared to Rs 49.1 crore during Q4FY24, change 27.4%.
  • EBITDA margin: 36.1% for Q4FY25
  • PAT: Rs 44.4 crore compared to Rs 36.1 crore during Q4FY24, change 22.9%.
  • PAT margin: 25.6% for Q4FY25

FY25 Financial Highlights:

  • Operating Revenue: Rs 576.1 crore compared to Rs 427.0 crore during FY24, change 35.0%.
  • Total Income: Rs 608.5 crore compared to Rs 462.6 crore during FY24, change 31.5%.
  • EBITDA: Rs 263.8 crore compared to Rs 195.0 crore during FY24, change 35.3%.
  • EBITDA margin: 43.5% for FY25
  • PAT: Rs 172.3 crore compared to Rs 123.6 crore during FY24, change 39.4%.
  • PAT margin: 28.3% for FY25

Paras S. Savla, Chairman & MD, Deep Industries, said, "As we conclude another milestone year, we’ve strengthened our leadership and set the stage for continued growth. A key achievement was our vertical integration through production enhancement contracts (PECs), with a 15-year ONGC order marking the first step in this journey. Our ability to adapt to market dynamics and seize emerging opportunities has been a key driver of this success, reinforcing our reputation for operational excellence and innovation.

Looking ahead to FY26, we’re excited to explore opportunities in offshore services, complementing our onshore capabilities. Our accommodation barge “Prabha”, has entered into 3 year lease agreement and will contribute to growth from Q1FY26 onward. Combined with robust inflows in gas processing business, these revenue verticals will fuel our growth momentum going forwrd.

With a balanced approach to both horizontal and vertical expansion, we are well-positioned to capture new opportunities and deliver long-term value to our stakeholders.”

Result PDF

Oil Equipment & Services company Deep Industries announced Q3FY25 results

  • Operating Revenue: Rs 154.8 crore, change 47.9% YoY.
  • EBITDA: Rs 75.3 crore, change 53.1% YoY.
  • EBITDA margin: 46.1% for Q3FY25.
  • PBT: Rs 61.6 crore, change 65.4% YoY.
  • PAT: Rs 47.6 crore, change 70.4% YoY.
  • PAT margin: 29.1% for Q3FY25.

Paras Savla Chairman and Managing Director, Deep Industries, said: I am delighted to share that we have delivered another strong quarterly performance, underpinned by the growing demand for oilfield services. Our strategic focus on expanding our presence in the oilfield segment and offering more value-added solutions has enabled us to align with evolving customer needs and industry trends. This approach has not only allowed us to address critical gaps in the sector but also strengthened our position along the value chain.

Looking ahead, we remain confident in our growth trajectory as we enter the next financial year. With a clear focus on innovation, operational excellence, and value creation, we are well-positioned to capitalize on emerging opportunities. Our unwavering commitment to delivering superior results and enhancing shareholder value continues to drive our strategic decisions and future aspirations.

Result PDF

Oil Equipment & Services company Deep Industries announced Q2FY25 results

  • Company’s Revenue for Q2FY25 rose 28.9% at Rs 130.6 crore.
  • EBITDA for the quarter was at Rs 64.6 crore, up 33.9% YoY.
  • Company’s order book rose to Rs 2,622 crore.
  • PAT: 40.7% YoY jump in net profit to Rs 41.5 crore for Q2FY25.

Paras S. Savla, Chairman and MD, Deep Industries said: “We are pleased to share our strong performance for the second quarter in a row, solidifying our order book and maintaining healthy margins, with this quarter delivering our highest quarterly PAT in the history of the Company. This success also marks an important step forward as we enter Production Enhancement Contract (PEC) within the essential oil and gas value chain. PEC offer us a promising way to boost profitability and strengthen our margin profile, reaffirming our commitment to consistent value creation and growth for our stakeholders. With the progress of the Open Acreage Licensing Policy (OALP) Round IX, we’re excited about the opportunities in this sector, which we expect will further drive our growth going forward.”

Result PDF

Oil Equipment & Services company Deep Industries announced Q1FY25 results:

  • Company’s Revenue for Q1FY25 rose 21.9% YoY at Rs 123.5 crore
  • EBITDA for the quarter was at Rs 61.5 crore, up 26.4% YoY

Commenting on the performance, Paras S. Savla, Chairman and MD, Deep Industries said, Building on last year’s momentum, the first quarter has shown robust growth with strong order flow and bidding pipeline. With positive sentiments prevailing and with operational excellence, we are hopeful of beating last year’s growth trajectory in onshore services and also emerge as one of the leading offshore services provider as well.

We are continuously working on our portfolio with value-added services now occupying centre point. Our new service of providing entire gas processing facilities on charter basis is receiving encouraging response from the key industry players. With robust bidding pipeline and consistent order flow in existing as well as new service offerings, we are committed to capitalize on these opportunities for maximizing shareholder value and achieve long-term success.

Result PDF

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