Deep Industries Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Deep Industries reported Q1 FY27 revenue of Rs 278.92 crore, up 40% year-on-year, with EBITDA of Rs 131.8 crore at a 43.6% margin and net profit of Rs 89.14 crore, up 44.5% year-on-year. Management attributed growth to contributions from the Dolphin offshore subsidiary, Dubai subsidiaries, and core gas compression and drilling operations, while the ONGC production enhancement contract at Mori faced a delay following an incident at one well. The order book stood at Rs 3,047 crore as of June 30, and management discussed plans for higher-capacity drilling rigs, offshore fleet expansion, and new adjacencies such as green hydrogen and geothermal energy.
Deep Industries reported Q4 FY26 operating revenue of Rs 248.7 crore, up 49% year-on-year, and full year FY26 operating revenue of Rs 891 crore, up 55%. The company took a one-time non-cash write-off of around Rs 208 crore of legacy Kandla Energy trade receivables while stating this did not affect cash profitability, and management discussed a gas leak incident at Well Mori-5 that shifted the production enhancement timeline by five to six months. Management also outlined order book levels near Rs 3,000 crore, capex plans of around Rs 300 crore for the year, and expectations of continued growth in FY27 and FY28.