Deep Industries declared a final dividend of ₹2.50 per equity share for FY26 during its 20th annual general meeting. The meeting, held on September 1, 2026, via video conferencing, also saw the adoption of audited financial statements and the approval of new employee stock option schemes.

The company’s Board of Directors proposed the dividend payout to shareholders. Alongside the financial results, members approved the reappointment of Rohan Vasantkumar Shah as Whole-time Director and Chief Financial Officer. Shah retires by rotation but offered himself for re-appointment, which was accepted by the shareholders.

Corporate Actions Approved

Shareholders authorized several key corporate governance and operational matters during the proceedings:

• Approval of material related-party transactions involving the company and its subsidiaries.
• Ratification of Shail Manoj Savla’s role as president under related-party transaction rules.
• Alteration of the company’s articles of association.
• Approval of the Deep Industries Limited Employee Stock Option Scheme 2026.

Audit and Compliance

The audited standalone and consolidated financial statements for the year ended March 31, 2026, were adopted without qualification. The auditors’ report and the secretarial audit report contained no adverse observations or comments affecting the company’s functioning. Consequently, these reports were not read out in full at the meeting, in line with Companies Act, 2013 requirements.

Rajesh Parekh, Partner at M/s. RPAP & Co., served as the scrutinizer for the voting process, covering both remote e-voting and venue-based electronic voting. The meeting concluded at 11:24 am after all agenda items were transacted.

Deep Industries reported a 44.5% year-on-year rise in net profit for the first quarter of FY27, driven by robust revenue growth and improved operational execution across its oil and gas service verticals.

The company filed its investor presentation with stock exchanges on August 31, 2026, highlighting record quarterly performance on the back of a strong full-year FY26.

Financial Highlights

Revenue for Q1FY27 grew 39.8% year-on-year, while EBITDA expanded by 38.7%. Profit after tax (PAT) rose 44.5% to reach an all-time high for the quarter. Cash profit grew even faster at 45.2%.

The momentum follows a strong FY26, where consolidated revenue jumped 55% to ₹890.71 crore from ₹576.13 crore in FY25. EBITDA increased 61% to ₹424.82 crore during the full fiscal year.

Order Book Stability

The company’s order book remained stable despite high execution rates. The opening order book stood at ₹3,007 crore as of April 1, 2026. Additions during the quarter totaled ₹319 crore, while executed orders amounted to ₹279 crore. The closing order book was ₹3,047 crore as of June 30, 2026.

What the Numbers Show

Profitability metrics outpaced revenue growth in both the quarter and the full fiscal year. In FY26, EBITDA grew 61% against a 55% revenue increase, expanding the EBITDA margin by 89 basis points to 44.24%. This divergence indicates improving operating leverage and cost efficiency as utilization rates likely improved across its asset-heavy fleet of compressors and rigs.

Balance Sheet Strength

As of March 31, 2026, total assets stood at ₹2,595 crore, up from ₹2,393 crore a year earlier. Equity increased to ₹1,999 crore from ₹1,821 crore. The debt-to-EBITDA ratio improved to 0.48x from 0.78x, reflecting a strengthening balance sheet position.

Return on equity (ROE) nearly doubled to 21.86% in FY26 from 12.01% in FY25. Receivable days dropped significantly to 131 days from 275 days, suggesting better working capital management.