Financial Result for the quarter and year ended on March 31, 2026
DEEPINDS · price
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Deep Industries Ltd reported audited standalone results for FY2026 with revenue from operations at Rs. 1,20,828.49 lakhs, a decline from Rs. 1,25,658.12 lakhs in FY2025. The company turned profitable with PAT of Rs. 9,741.99 lakhs compared to a loss of Rs. 11,543.32 lakhs in the previous year, a significant turnaround. Consolidated PAT stood at Rs. 19,708.99 lakhs. The board recommended a final dividend of Rs. 2.50 per share (50% on face value of Rs. 5). An exceptional item of Rs. 20,828.49 lakhs was recorded due to write-off of legacy trade receivables from the merged Kandla Energy & Chemicals Limited (KECL). The scheme of amalgamation of KECL (wholly-owned subsidiary) became effective from March 31, 2025, and prior period figures have been restated. The statutory auditor issued an unmodified (clean) opinion.
The company bounced back from losses to profitability driven by improved operations and exceptional items, though revenue declined marginally. The large exceptional write-off may concern investors regarding the quality of inherited receivables from KECL. The dividend offer provides some return support.