Deep Industries Limited has informed the Exchange about Transcript
DEEPINDS · price
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Deep Industries reported Q1 FY26 revenue of Rs. 199.5 crores, up 61.6% YoY, with EBITDA of Rs. 95 crores (44.6% margin, up 54.7% YoY) and net profit of Rs. 61.7 crores, up 59.3% YoY. Order book stood at Rs. 3,051 crores, up 152.15% YoY. New contracts secured include a Rs. 45 crore LOA and a Rs. 96.72 crore 7-year charter from Oil India for workover rigs. The Rajahmundry production enhancement contract has begun baseline production, expected to add ~Rs. 140 crores annually once fully operational, with Rs. 160 crores capex planned. Management guided for 30%+ YoY revenue growth and expects margin improvement, helped by Kandla Energy integration and Dolphin Offshore's high-margin contracts (60%+). Bid pipeline stands at ~Rs. 700 crores. No further write-offs anticipated in FY26.
Strong quarterly execution, robust order book visibility of ~Rs. 3,051 crores, and positive management commentary on growth and margins should support investor confidence. Capex of Rs. 350-400 crores planned for Dolphin vessels and potential QIP dilution remain key watchpoints for shareholders.