Deep Industries Limited (DEEPINDS) Financial Results — Revenue ₹891 Cr

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Revenue: ₹891 CrNet Profit: ₹352.9 Cr

📢 Key Event
Deep Industries reported FY26 revenue of ₹891 crores, up 55% YoY, and EBITDA of ₹425 crores, up 71% YoY, with a ₹3,000 crores order book and ₹208 crores non-cash write-off.

🔄 What Changed
Revenue grew 55% YoY to ₹891 crores and EBITDA rose 71% YoY to ₹425 crores, driven by order book expansion and margin improvement; FY27-FY28 growth target set at 25-30% with profit target of ₹450-500 crores by FY28.

🔮 What's Next
FY27-FY28 revenue growth target of 25-30% YoY; FY28 profit target of INR450-500 crores; capex of INR300 crores including INR150 crores for PEC expansion and INR100-120 crores for new rigs; EBITDA margin target of 44-45%; execution of 15-year PEC tender under evaluation; no USD hedging; INR depreciation viewed as beneficial.

💡 Investor Takeaway
The company is confident in sustained double-digit growth through strategic capex in high-return assets, with strong order book visibility and improved cash flow supporting long-term profitability and shareholder value creation.

Deep Industries Limited reported FY26 revenue of **₹891 crores**, up **55% YoY**, and EBITDA of [amount not verified], up **71% YoY**, driven by robust order book of **~₹3,000 crores** and improved margins. A one-time **[amount context mismatch] crores non-cash write-off** related to Kandla Energy receivables did not affect cash flow. Management projects **25-30% revenue growth** for FY27-FY28, targeting **INR450-500 crores profit by FY28**, with capex of **INR300 crores** including **INR150 crores for PEC expansion** and **INR100-120 crores for new rigs**. EBITDA margins are expected to stabilize at **44-45%**, supported by higher-capacity rigs and offshore growth. The company remains confident in executing new contracts, including a 15-year PEC tender, and views INR depreciation as beneficial. No hedging against USD depreciation is planned.

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About Deep Industries Limited (DEEPINDS)

Oil Gas & Consumable Fuels · Oil · Listed on NSE

Market Cap: ₹2,851.84 Cr P/E: 18.3

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Deep Industries Limited (DEEPINDS) — Financial Results Announcement

About Deep Industries Limited (DEEPINDS)

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