Deep Industries Limited has informed the Exchange about Transcript
DEEPINDS · price
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Deep Industries reported strong Q3 FY26 results with revenue of ₹221.5 crore (up 43.1% YoY), EBITDA of ₹110.1 crore (up 46.3% YoY), and net profit of ₹71.3 crore (up 49.8% YoY). EBITDA margin stood at 47.6%, maintained in the 46-48% band. For 9M FY26, revenue was ₹642 crore (+57% YoY) and profit after tax was ₹204.3 crore (+59.7% YoY). Order book stood at ₹2,967 crore with an additional ~₹800 crore bidding pipeline. Management guided for 30-35% revenue growth next year (~₹1,150 crore) and similar growth thereafter. A gas leakage incident at the Rajahmundry PEC site caused a rig loss, contained in 5 days with no casualties; the well recovery is deferred by 2-3 months but losses are insured. The QIP plan has been paused, with capex to be funded via internal accruals and debt.
Strong YoY growth across revenue, margins, and profits reinforces the company's execution track record. The order book of ~₹2,967 crore and revenue guidance of 30-35% growth provide solid visibility. Near-term watch items: PEC ramp-up delay due to the Rajahmundry incident and potential further provisioning on legacy Kandla receivables.