Deep Industries Limited , a leading oil and gas support services provider, has reported a robust performance for the first quarter, with significant growth across key financial metrics and operational developments.

Strong Financial Performance

The company's revenue for Q1 rose by 61.6% year-on-year to Rs. 199.50 crores, driven by efficient execution of various service contracts. EBITDA grew by 54.7% to Rs. 95.00 crores, with margins holding steady at 44.6%. Net profit saw a substantial increase of 59.3%, reaching Rs. 61.70 crores.

Order Book Expansion

Deep Industries' order book experienced remarkable growth, expanding by 152.15% to Rs. 3,051.00 crores. This significant increase provides strong visibility for future revenue growth.

Operational Highlights

The company reported several key operational developments:

1. Rajahmundry Field Operations: Deep Industries has successfully taken charge of the Rajahmundry field enhancement operations and has commenced baseline production.

2. New Contracts: The company secured two notable contracts from Oil India Limited:

   • A Rs. 45.00 crores contract for hiring workover rigs
   • A Rs. 96.72 crores contract for 7-year charter hiring of workover rigs in Assam and Arunachal Pradesh

3. Prabha Barge: The Prabha barge began generating revenue in May, marking a significant milestone in the company's diversified operations.

Future Outlook

Deep Industries' management expressed confidence in the company's growth trajectory, citing strong demand in India's oil and gas support services sector. The company expects over 30% year-on-year growth based on its existing order book and anticipates this momentum to continue for the next 2-3 years.

Paras Savla, Chairman and Managing Director of Deep Industries, commented on the sector outlook: "A robust strategic imperative for national energy security is catalyzing unprecedented upstream activity, thereby expanding the market for our specialized capability. This emerging exploration and production landscape directly translates into robust demand for advanced support services."

Strategic Priorities

The company outlined its strategic priorities for the remainder of the fiscal year:

1. Maximize asset utilization and safety across drilling and workover fleet
2. Expand footprint in EOR (Enhanced Oil Recovery) and unconventional segments through new PECs (Production Enhancement Contracts)
3. Scale up charter hiring development of gas processing plants
4. Pursue selective value-accretive M&A to broaden service capabilities

Financial Strategy

Rohan Shah, Director of Finance and CFO, highlighted the company's financial strategy: "We remain focused on sustaining healthy cash flow, optimizing return on deployed capital, and supporting the group's growth ambitions with a prudent performance-driven approach."

Deep Industries' strong start to the quarter, coupled with a favorable policy environment and rising energy demand, positions the company well to deliver sustainable growth and long-term value to its stakeholders.

Deep Industries Limited , a prominent player in the energy sector, has announced robust financial results for the first quarter, along with several significant board decisions aimed at strengthening its leadership team.

Financial Highlights

Deep Industries reported impressive growth in both standalone and consolidated financial results:

The company's performance demonstrates substantial year-over-year growth across all key financial metrics, indicating strong operational execution and market demand for its services.

Leadership Re-appointments

The Board of Directors approved several key re-appointments, subject to shareholder approval at the upcoming Annual General Meeting:

• Mr. Paras Shantilal Savla re-appointed as Chairman & Managing Director for five years, effective September 1, 2025.
• Mr. Rupesh Kantilal Savla re-appointed as Managing Director for five years, effective September 1, 2025.
• Mr. Rohan Vasantkumar Shah re-appointed as Whole-time Director for five years, effective June 24, 2026.
• Dr. Kirit Nanubhai Shelat re-appointed as Independent Director for a second term of five years, effective November 10, 2025.
• Mrs. Shaily Dedhia re-appointed as Independent Director for a second term of five years, effective June 24, 2026.

These re-appointments aim to ensure continuity in leadership and leverage the extensive experience of the company's top executives.

Other Key Decisions

1. Secretarial Auditor Appointment: M/s RPAP & Co., Practicing Company Secretaries, appointed as Secretarial Auditors for a five-year term starting April 1, 2025.

2. Subsidiary Acquisition: The Board approved substantial acquisition of ownership in Deep Natural Resources Limited, which will become a subsidiary of Deep Industries Limited.

3. Memorandum of Association Amendment: The company plans to integrate the manufacturing business of chemicals and hydrocarbons fluids, enabling in-house sourcing. This will require alteration of the main object clause in the Memorandum of Association, subject to shareholder approval.

4. Dividend Record Date: August 22, 2025, set as the record date for the declaration of the final dividend for FY 2024-25.

5. Merger Approval: The Board approved a scheme of amalgamation to merge Kandla Energy & Chemicals Limited, a wholly-owned subsidiary, with Deep Industries Limited.

Deep Industries Limited continues to demonstrate strong financial performance and strategic initiatives aimed at long-term growth and operational efficiency. The re-appointment of key leadership and strategic decisions taken by the Board underscore the company's commitment to maintaining its strong position in the energy sector.

Investors and stakeholders will be keenly watching the company's future moves, particularly the integration of chemical manufacturing capabilities and the impact of the proposed merger on overall business operations.