Deep Industries Q1FY27 Results: Net profit up 45% YoY
- Net profit rose 44.5% YoY in Q1FY27, supported by 39.8% revenue growth
- FY26 revenue jumped 55% to ₹890.71 crore with EBITDA up 61%
- Order book closed at ₹3,047 crore after ₹319 crore in new additions
- Debt-to-EBITDA improved to 0.48x; ROE doubled to 21.86% in FY26
*this image is generated using AI for illustrative purposes only.
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.
| Metric | Q1FY27 vs Q1FY26 | Change |
|---|---|---|
| Revenue Growth | +39.8% | YoY |
| EBITDA Growth | +38.7% | YoY |
| PAT Growth | +44.5% | YoY |
| Cash Profit Growth | +45.2% | YoY |
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.
Historical Stock Returns for Deep Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.30% | +0.28% | +36.10% | +98.78% | +27.44% | 0.0% |
How might the sustained improvement in operating leverage and EBITDA margins impact Deep Industries' valuation multiples compared to global oilfield service peers?
Given the stable order book despite high execution rates, what strategies is management pursuing to secure new contracts and sustain revenue growth momentum in Q2FY27?
With the debt-to-EBITDA ratio dropping to 0.48x, will Deep Industries consider capital return mechanisms such as dividends or buybacks, or prioritize debt-free expansion?
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