DEEPINDS

Deep Industries Limited held its Q4 & FY26 Earnings Conference Call, reporting strong FY26 performance with operational revenue up 55% YoY to INR 891 crores and EBITDA up 44% YoY to INR 424.82 crores. Management guided for robust revenue growth of 25-30% year-on-year for FY27 and FY28, expecting to maintain EBITDA margins at 44-45%. The company plans a Capex of approximately INR 150 crores for Production Enhancement Contracts (PEC) and potentially up to INR 300 crores with new offshore orders. Strategic priorities include PEC, higher capacity drilling rigs, and expanding into the offshore segment. The order book consistently exceeds INR 3,000 crores, with over INR 800 crores anticipated for execution in FY27. The company addressed a gas leak incident at Mori-5 well in January 2026, which caused a 5-6 month delay in production enhancement and a stop production order for that specific well, though it was contained without injuries and other operations remain intact. A non-cash write-off of INR 208 crores of legacy trade receivables was undertaken to clean up the balance sheet, without impacting FY26 core cash profitability. Deep Industries has decided not to proceed with its QIP due to strong internal cash flows.

Deep Industries Limited has made available the audio recording of its earnings call, held on Friday, May 15, 2026. The call discussed the financial performance for the quarter and year ended March 31, 2026. The recording can be accessed via the provided link.

Consolidated Operating Revenue for Q4 FY26 was ₹248.71 Cr compared to ₹167.23 Cr in Q4 FY25 (▲49% YoY). EBITDA for Q4 FY26 was ₹106.85 Cr compared to ₹62.49 Cr in Q4 FY25 (▲71% YoY). PBT for Q4 FY26 was ₹88.53 Cr compared to ₹48.79 Cr in Q4 FY25 (▲81% YoY). EBITDA Margin for Q4 FY26 was 39% compared to 36% in Q4 FY25 (▲294bps). The Board also recommended a final dividend of Rs. 2.50 per equity share for FY26.

Consolidated Revenue ₹47.65 Cr vs ₹41.59 Cr (▲14.55% YoY), EBITDA ₹14.69 Cr vs ₹13.07 Cr (▲12.44% YoY), PAT ₹6.21 Cr vs ₹5.10 Cr (▲21.87% YoY). EBITDA Margin 30.84% vs 31.42% (▼58bps).

Standalone Revenue for Q4 FY26 was ₹17,162.19 Lakhs against ₹13,643.47 Lakhs in Q4 FY25 (▲25.79% YoY). The company significantly reduced its Standalone EBITDA loss from ₹20,811.24 Lakhs in Q4 FY25 to ₹9,870.08 Lakhs in Q4 FY26, with Standalone EBITDA Margin improving from -152.54% to -57.51% YoY. Standalone Net Loss for the quarter also substantially reduced to ₹4,974.71 Lakhs from ₹20,932.94 Lakhs YoY. The Board recommended a final dividend of INR 2.50 per equity share (50% on face value of Rs. 5/-).

The Board of Directors of Deep Industries Limited approved the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026. The board also recommended a final dividend of INR 2.50/- per equity share (50% on the face value of Rs. 5/-) for the financial year ended March 31, 2026. M/s. Manubhai & Shah LLP was re-appointed as the Internal Auditor for the financial year 2026-27.

Deep Industries Limited announced an Earnings Call for investors/analysts to discuss the financial performance for the fourth quarter and full year ended March 31, 2026. The call is scheduled for Friday, May 15, 2026, at 11:00 am (IST). Mr. Paras Savla (CMD) and Mr. Rohan Shah (Director Finance & CFO) will represent the management.

Order Win: Deep Industries Limited received an extension of contract from Antelopus Selan Energy Limited (formerly Selan Exploration Technology Limited) for providing Integrated Drilling Services. The total estimated value of the contract extension is USD 8.28 Million, equivalent to approximately INR 78 crores. The services are to be executed over a period of 30 months, commencing from July 01, 2026.

Deep Industries Limited confirmed on April 30, 2026, that it does not fall under the category/framework of a "Large Corporate" (LC) as of March 31, 2026, as defined by the SEBI operational circular dated October 19, 2023, concerning fund raising through debt securities.

Deep Industries Limited announced the successful passing of resolutions via postal ballot on April 27, 2026. These include the alteration of the company's memorandum of association (main object clause) and the appointment of Mr. Shalin Harshadbhai Patel as a non-executive independent director.