Deep Industries Q4FY26 Results: Revenue ₹890.71 Cr, Profit ₹197.06 Cr
Deep Industries reported FY26 revenue of ₹890.71 crore, a 55% increase YoY. PAT surged to ₹197.06 crore from a loss of ₹78.76 crore. The company's order book remains above ₹3000 crore. A ₹208.28 crore write-off of legacy receivables was noted, along with a 5-6 month delay in production enhancement due to a gas leak.
The announcement includes detailed financial results for the full fiscal year, showcasing substantial growth and improved profitability. It also provides strategic insights into the company's future outlook and potential growth areas, which are material for investors.
The company reported significant year-on-year growth in revenue, EBITDA, PBT, and PAT, along with improved key financial ratios and a reduced debt-to-equity ratio. Despite a one-time write-off and a minor operational delay, the overall financial performance and future outlook are positive.
Deep Industries Limited has announced its audited financial results for the fourth quarter and year ended March 31, 2026. The company presented an investor and analyst presentation detailing these results.
For the fourth quarter and year ended March 31, 2026, Deep Industries reported significant financial performance. Revenues for FY26 grew by 54.60% to ₹890.71 crore from ₹576.13 crore in FY25. EBITDA saw a substantial increase of 61.04% to ₹424.82 crore from ₹263.80 crore in the previous year. Profit Before Tax (PBT) grew by 65.08% to ₹347.95 crore, and Cash Profit surged by 102% to ₹442.12 crore from ₹218.53 crore in FY25. The company's Profit After Tax (PAT) also showed remarkable growth, increasing by 350.20% to ₹197.06 crore from a loss of ₹78.76 crore in FY25. Basic and Diluted EPS improved to ₹28.12 from a loss of ₹14.08 in the prior year.
The company's balance sheet also reflects positive trends. Asset size grew by 10% to ₹2,210.10 crore, and net worth increased by 13% to ₹1,614.27 crore. Cash flows from operations grew by 29% to ₹270.09 crore. The Debt to Equity ratio stands at a healthy 0.13. Key ratios indicate strong operational performance, with ROE at 21.86% and ROCE at 19.27% for FY26. Receivables levels significantly reduced to 131 days from 275 days in FY25.
The company also provided a business update, noting the write-off of legacy trade receivables amounting to ₹208.28 crore due to a conservative accounting approach following the acquisition of Kandla Energy and Chemicals Limited. Additionally, a gas leak incident in January 2026 at Well Mori #5 caused a 5-6 month shift in production enhancement timelines, though no injuries were reported.
Deep Industries highlighted its strategic positioning to capitalize on the Indian oil and gas sector's transition towards reduced import dependence. The company is exploring opportunities in higher capacity drilling rigs and is confident of securing more long-term charter hire contracts in the offshore segment through its subsidiary, Dolphin Offshore. The order book remains robust, consistently above ₹3000 crore.
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Deep Industries Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Deep Industries Limited. Read the original for the full detail.