Deep Industries Limited has informed the Exchange regarding a press release dated May 14, 2026, titled "Press Release for Quarter and Year ended March 31, 2026".
DEEPINDS · price
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Deep Industries Limited reported FY2026 consolidated results with revenue of ₹891 Cr, up 55% YoY, EBITDA of ₹425 Cr (up 64%), and PBT of ₹348 Cr (up 65%). Cash profit stood at ₹442 Cr with a 46% cash PAT margin. The company wrote off legacy trade receivables of ₹208.28 Cr inherited from the March 2025 acquisition of Kandla Energy and Chemicals Limited (now merged with the company effective March 30, 2026), describing it as a balance sheet clean-up that did not impact core cash profitability. Operating cash flow improved to ₹270 Cr from ₹210 Cr in the prior year. The board recommended a final dividend of Rs 2.50 per share (50% on face value). The company also entered an MOU for a Green Hydrogen business and positioned itself to benefit from India's push toward energy self-reliance under Aatmanirbhar Bharat.
Strong top-line and margin growth, combined with the write-off of legacy receivables, signals a cleaner and more transparent balance sheet going forward. The 46% cash PAT margin is a standout metric, and the dividend declaration is positive for shareholder returns.