Financial Result for the quarter and year ended on March 31, 2026
DEEPINDS · price
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Deep Industries Ltd reported standalone revenue of Rs. 1,19,762.19 lakhs for FY 2026, up 4.6% from Rs. 1,14,442.71 lakhs in FY 2025. The company swung from a net loss of Rs. 11,543.32 lakhs to a net profit of Rs. 9,741.19 lakhs, primarily due to an exceptional item write-off of Rs. 20,828.49 lakhs (net of tax) representing legacy trade receivables from the merger of Kandla Energy & Chemicals Limited. Basic EPS improved from Rs. -36.05 to Rs. 30.44. The Board recommended a final dividend of Rs. 2.50 per share (50% on face value). The auditor issued an unmodified opinion with an emphasis of matter on the KECL amalgamation (effective March 31, 2025) and the trade receivables write-off. Comparative figures have been restated due to the amalgamation.
The company returned to profitability after a loss-making FY 2025, but the profit was significantly boosted by a one-time exceptional write-off. The underlying operational performance shows modest revenue growth with compressed EBITDA margins. Shareholders may welcome the dividend announcement despite the one-time nature of the profit boost.