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Earnings Call

Deep Industries Earnings Call: Key Takeaways

Deep Industries delivered record FY26 results with 55% revenue growth. The firm transitioned into a major integrated onshore and offshore oil & gas service provider via the Dolphin Offshore acquisition.

Why this was an Alfa AlertNot a filter event. While growth was strong, there was no specific prior management guidance range provided to measure a material beat against.
Highlights
Revenue growth54.60% YoY for FY26.
MarginsEBITDA margin improved 89 bps to 44.24% in FY26.
Order bookRevolving order book at ₹3,007cr as of May 2026.
Demand visibilityStrong demand for onshore drilling, workover, and integrated services.
Management confidenceHigh, citing strategic positioning for India's energy infrastructure push.

Growth

FY26 Revenue grew 55% to ₹890.71cr; EBITDA rose 61% to ₹424.82cr; Cash Profit up 102% to ₹442.12cr.

Outlook

FY27 outlook focuses on higher capacity drilling rigs and offshore expansion; order book exceeds ₹3000cr.

Risks

Gas leak at Mori #5 delayed production timeline 5-6 months; legacy receivable write-off from Kandla acquisition.

Source

Earnings Call filed with NSE, NSE: DEEPINDS. Summary written with AI assistance from the document.

Read the document ↗

Deep Industries Ltd: key numbers

Share price
₹781.10
Market cap
₹4,999 Cr
Revenue (annual)
₹890.7 Cr
Net profit (annual)
₹179.9 Cr
P/E (TTM)
24.2×Sector 18.7×
Promoter holding
63.49%+0.00% QoQ
FII holding
1.47%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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13:40 IST NSE
New Order Win

Deep Industries Bags ₹88.15 Cr Order from Oil and Natural Gas Corporation Limited

Deep Industries received a ₹88.15 Crore gas compression contract from ONGC at Balol GGS-1, Mehsana. The 3-year award is in the ordinary course of business.

Value
₹88.15 Cr
From
Oil and Natural Gas Corporation Limited
Execution
3 years