Revised Result
DEEPINDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Deep Industries Ltd has filed corrected audited financial results for Q4 FY26 and full year ended March 31, 2026. The company reported standalone revenue of Rs 1,20,828.49 lakhs, a significant jump from Rs 70,295.77 lakhs in FY25, largely due to the amalgamation of Kandla Energy & Chemicals Limited (KECL) merged with effect from March 31, 2025. Standalone PAT turned positive at Rs 9,741.19 lakhs versus a loss of Rs 11,543.32 lakhs in the prior year. However, the results include an exceptional item of Rs 20,828.49 lakhs representing write-off of legacy trade receivables inherited from KECL post-merger, following a 12-month recovery assessment. Comparative figures for prior periods have been restated to reflect the amalgamation. The auditors issued a clean opinion with emphasis of matter on the merger accounting and ECL provisions.
The large exceptional item for trade receivables write-off will impact reported net profit, though the underlying business showed strong recovery with PAT turning positive. Shareholders should note that FY26 PAT before exceptional items was higher than reported. The restatement of prior period figures due to amalgamation affects YoY comparability.