Investor Presentation for the quarter and year ended March 31, 2026
DEEPINDS · price
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Deep Industries reported strong FY26 results with revenue up 55% to Rs. 890.71 Cr and EBITDA up 61% to Rs. 424.82 Cr. The company achieved 102% growth in cash profit to Rs. 442.12 Cr, with EBITDA margin expanding to 44.24%. Key operational highlights include a write-off of legacy trade receivables from the Kandla acquisition (non-recurring, non-cash) and a gas leak incident at Well Mori #5 in Andhra Pradesh in January 2026 that caused a 5-6 month delay in production enhancement operations but resulted in no injuries. The company maintains an order book above Rs. 3,000 Cr and is positioned to benefit from India's push for energy security with its integrated onshore and offshore oil and gas service capabilities. Client concentration has been reduced to below 40% from a single client.
The strong financial performance with margin expansion and debt reduction (Debt/EBITDA at 0.48x) indicates improving operational efficiency. The incident at Well Mori #5 may create near-term operational uncertainty in the production enhancement segment, while the write-off of legacy receivables strengthens the balance sheet quality.