Deep Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2026.
DEEPINDS · price
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Deep Industries Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Standalone revenue grew to Rs. 1,20,828.49 lakhs from Rs. 75,584.83 lakhs in the prior year, while standalone PAT turned positive at Rs. 9,742.19 lakhs versus a loss of Rs. 11,543.32 lakhs in FY 2024-25. Consolidated PAT was Rs. 19,708.99 lakhs versus a loss of Rs. 7,376.17 lakhs. The auditors (Mahendra N. Shah & Co.) issued an unmodified opinion with emphasis of matter paragraphs noting the amalgamation of Kandla Energy & Chemicals Limited (effective March 31, 2025) and the write-off of legacy trade receivables of Rs. 20,828.49 lakhs as an exceptional item. The Board recommended a final dividend of INR 2.50 per share (50% on face value of Rs. 5/-) subject to shareholder approval. M/s Manubhai & Shah LLP was reappointed as Internal Auditor for FY 2026-27.
The company returned to profitability on both standalone and consolidated basis, driven by operational growth and the balance sheet clean-up from the KECI merger. The exceptional item write-off removes uncertainty around old receivables, making the balance sheet cleaner. The dividend recommendation signals management confidence.