Deep Industries FY26 Revenue Surges 55% to ₹891 Cr; Recommends ₹2.50 Dividend
Deep Industries reported FY26 consolidated revenue of ₹891 crore, up 55% YoY, with EBITDA at ₹425 crore and PBT at ₹348 crore. The Board recommended a final dividend of ₹2.50 per share. The company completed the merger of Kandla Energy and Chemicals Limited and wrote off ₹208.28 crore in legacy receivables. It also entered an MOU for Green Hydrogen business.
The significant financial growth, dividend recommendation, strategic acquisition and merger, and diversification into Green Hydrogen business are material events expected to have a substantial impact on the company's future performance and investor perception.
The company reported strong year-on-year growth in revenue, EBITDA, and PBT, along with a recommended dividend. The strategic write-off of receivables and entry into new business areas like Green Hydrogen indicate a focus on future growth and financial discipline.
Deep Industries Limited has reported its consolidated financial results for the fiscal year ended March 31, 2026. The company announced a significant 55% year-on-year increase in revenue from operations, reaching ₹891 crore. EBITDA for the year stood at ₹425 crore, a 64% rise YoY, while Profit Before Tax (PBT) grew by 65% to ₹348 crore. The company also reported a cash profit of ₹442 crore with a cash PAT margin of 46%.
The Board has recommended a final dividend of ₹2.50 per equity share (50% on face value of ₹5), subject to shareholder approval at the upcoming Annual General Meeting.
In a significant business update, Deep Industries detailed the acquisition and subsequent merger of Kandla Energy and Chemicals Limited, effective March 30, 2026. The company also announced a non-recurring, non-cash write-off of legacy trade receivables amounting to ₹208.28 crore from the Kandla acquisition, emphasizing that this adjustment does not impact core cash profitability. Net cash flow from operating activities increased to ₹270 crore in FY26 from ₹210 crore in FY25.
Commenting on the performance, Mr. Paras S. Savla, Chairman and Managing Director, highlighted the company's adaptability to market dynamics and its strategic decision to write off receivables for a cleaner balance sheet and improved future returns. He also mentioned the company's entry into an MOU for venturing into the Green Hydrogen Business, aiming to bid for and execute related projects.
The company sees strategic positioning to capitalize on India's energy security vision and the USD 500 billion opportunity in its Energy Infrastructure by 2030, driven by government initiatives for reducing import dependence and fast-tracking E&P sector investments.
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