Deep Industries Limited has informed the Exchange about Presentation
DEEPINDS · price
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Deep Industries reported strong Q1 FY26 results with consolidated operating revenue up 61.6% YoY to ₹199.5 crore, EBITDA up 54.7% to ₹95.0 crore, and PAT up 59.3% to ₹61.7 crore. EBITDA margin dipped slightly to 44.6% (down 112 bps YoY) but improved sharply from Q4 FY25's 36.1%. Key wins include a ₹45.33 crore 3-year contract from Oil India for a workover rig in Rajasthan, a ₹96.72 crore 7-year charter hire in Assam & Arunachal Pradesh, and operations beginning at the ONGC Rajahmundry field under a ₹1,402 crore 15-year Production Enhancement Contract. The order book has nearly 5x'd from ₹632 crore in FY22 to ₹3,051 crore as of August 2025 (3-year CAGR of ~69%). The Dolphin Offshore subsidiary's Prabha DP2 barge also started generating revenue from April 2025 under a ~₹281 crore 3-year lease in Mexico.
The sharp jump in quarterly revenue and profit, combined with a robust and growing order book across both onshore and offshore segments, signals strong business momentum that should support sustained earnings growth. Margin commentary on the ONGC PEC contract and the DP2 barge (potentially ~60% EBITDA margin) points to meaningful margin upside once these contracts scale up.