Deep Industries

Deep Industries Limited reported strong quarterly results with revenue rising 61.6% year-on-year to Rs. 199.5 crores in Q1 FY26. EBITDA grew 54.7% to Rs. 95 crores with margins at 44.6%, while net profit increased 59.3% to Rs. 61.7 crores. The company's order book expanded significantly by 152.15% to Rs. 3,051 crores. Key operational developments include taking charge of Rajahmundry field enhancement operations, securing Rs. 45 crores and Rs. 96.72 crores contracts from Oil India Limited for workover rigs, and the Prabha barge beginning revenue generation in May 2025. The company expects over 30% year-on-year growth based on existing order book and anticipates this momentum to continue for the next 2-3 years. Management highlighted strong demand in India's oil and gas support services sector driven by national energy security initiatives.

Deep Industries Limited approved its unaudited financial results for the quarter ended June 30, 2025. The board approved several key re-appointments for 5-year terms: Mr. Paras Shantilal Savla as Chairman & Managing Director (effective September 1, 2025), Mr. Rupesh Kantilal Savla as Managing Director (effective September 1, 2025), Mr. Rohan Vasantkumar Shah as Whole-time Director (effective June 24, 2026), Dr. Kirit Nanubhai Shelat as Independent Director (effective November 10, 2025), and Mrs. Shaily Dedhia as Independent Director (effective June 24, 2026). The company also appointed M/s RPAP & Co. as Secretarial Auditors for 5 years from April 1, 2025. Additionally, the board approved substantial acquisition of ownership in Deep Natural Resources Limited, which will become a subsidiary, and alteration of the company's Memorandum of Association to integrate manufacturing business of chemicals and hydrocarbons fluids. The company set August 22, 2025 as the record date for final dividend declaration for Financial Year 2024-25. All appointments and major decisions are subject to shareholder approval at the upcoming Annual General Meeting.

Deep Industries Limited's Board approved unaudited financial results for the quarter ended June 30, 2025. The Board re-appointed several key executives for 5-year terms: Mr. Paras Shantilal Savla as Chairman & Managing Director (effective September 1, 2025), Mr. Rupesh Kantilal Savla as Managing Director (effective September 1, 2025), Mr. Rohan Vasantkumar Shah as Whole-time Director (effective June 24, 2026), Dr. Kirit Nanubhai Shelat as Independent Director (effective November 10, 2025), and Mrs. Shaily Dedhia as Independent Director (effective June 24, 2026). The company appointed M/s RPAP & Co. as Secretarial Auditors for 5 years from April 1, 2025. The Board approved substantial acquisition of ownership in Deep Natural Resources Limited, which will become a subsidiary. The company also approved alteration of its Memorandum of Association to integrate manufacturing business of chemicals and hydrocarbons fluids for in-house sourcing. A record date of August 22, 2025 was fixed for final dividend declaration for Financial Year 2024-25. All appointments are subject to shareholder approval at the Annual General Meeting.