Deep Industries Reports 61.6% Revenue Surge in Q1, Order Book Expands 152%
Deep Industries Limited reported robust Q1 results with revenue up 61.6% to Rs. 199.50 crores, EBITDA growing 54.7% to Rs. 95.00 crores, and net profit increasing 59.3% to Rs. 61.70 crores. The company's order book expanded by 152.15% to Rs. 3,051.00 crores. Operational highlights include taking charge of Rajahmundry field operations, securing new contracts from Oil India Limited, and the Prabha barge generating revenue. Management expects over 30% year-on-year growth and outlined strategic priorities including maximizing asset utilization, expanding into EOR segments, scaling up gas processing plants, and pursuing M&A opportunities.
04Aug 25
Deep Industries Reports 58% Surge in Q1 Net Profit, Announces Key Management Reappointments and Corporate Actions
Deep Industries Limited reported a 58% increase in Q1 net profit to ₹588.00 million, with revenue growing 62% to ₹1.99 billion. The company's Board approved five-year reappointments for key management positions, including Chairman & Managing Director and Independent Directors. Other corporate actions include appointing new Secretarial Auditors, acquiring Deep Natural Resources Limited, altering the main object clause, and declaring a final dividend for FY 2024-25.
04Aug 25
Deep Industries Reports Strong Q1 Performance, Approves Key Leadership Re-appointments
Deep Industries Limited reported significant growth in Q1 financials, with consolidated revenue up 61.59% and net profit up 77.61% year-over-year. The Board approved re-appointments of key executives, including Chairman & Managing Director Paras Shantilal Savla and Managing Director Rupesh Kantilal Savla. Other decisions include appointing a new Secretarial Auditor, acquiring a subsidiary, amending the Memorandum of Association to include chemical manufacturing, setting a dividend record date, and approving a merger with a wholly-owned subsidiary.
Deep Industries Limited reported robust Q1 FY26 financial results with consolidated revenue of Rs. 19,949.89 lakhs and net profit of Rs. 6,170.09 lakhs. The company announced reappointments of key board members, including Mr. Paras Shantilal Savla as Chairman & Managing Director and Mr. Rupesh Kantilal Savla as Managing Director. Other developments include the appointment of new Secretarial Auditors, plans for a significant acquisition, and alterations to the company's main object clause.
02Aug 25
Deep Industries Secures ₹97 Crore Workover Rig Contract from Oil India
Deep Industries Limited has been awarded a contract by Oil India Limited for workover rig services in Assam and Arunachal Pradesh. The contract, valued at approximately ₹96.72 crore, is for a seven-year period and involves the charter hire of one brand-new workover rig. This development is expected to positively impact Deep Industries' financial performance and strengthen its position in the oil and gas services sector.
30Jun 25
Deep Industries Approves Merger with Wholly Owned Subsidiary Kandla Energy and Chemicals
Deep Industries has approved the amalgamation of its wholly owned subsidiary, Kandla Energy and Chemicals, into the parent company. This corporate action aims to streamline operations and potentially enhance overall efficiency. The merger is expected to simplify the company's structure, possibly reducing administrative overhead and consolidating resources.
26Jun 25
Deep Industries Secures ₹453.3 Crore Contract
Deep Industries has been awarded a contract worth approximately ₹453.30 crore (4.53 billion rupees). The contract details and awarding entity remain undisclosed. This development is expected to positively impact the company's order book and potentially boost future revenue streams.
02May 25
Deep Industries Expands into Offshore Services with 3-Year Barge Lease Agreement
Deep Industries Limited has entered the offshore services market with a 3-year lease agreement for its DP2 accommodation barge 'Prabha'. The contract, valued at ₹281 crore, is set to begin in Q1 FY26. The company expects high demand for the barge, projecting an EBITDA margin of about 60%. This expansion follows strong FY2025 results, with consolidated operational revenue up 35% to ₹576.13 crore. The company's order book stands at ₹2,960 crore as of May 2, 2025. A final dividend of ₹3.05 per share for FY2025 has been recommended.
02May 25
Deep Industries Announces ₹3.05 Per Share Dividend Amid Mixed Q4 Results
Deep Industries Limited (DIL) announced its Q4 and FY2025 results, showing improved operational metrics but a consolidated net loss due to an exceptional item. EBITDA increased to ₹724.00 million with a margin of 43.31%. The company reported a net loss of ₹2,000.00 million, primarily due to a ₹2,500.00 million exceptional item. Despite this, DIL declared a dividend of ₹3.05 per share, representing a 61% yield on the face value.
01Apr 25
Deep Industries Expands Portfolio with 100% Acquisition of Kandla Energy and Chemicals
Deep Industries Limited has acquired a 100% equity stake in Kandla Energy and Chemicals Limited for ₹1,00,000, purchasing 10,000 shares at ₹10 per share. The acquisition, completed on March 31, 2025, aims to create synergies in hydrocarbon fluids and chemicals procurement, enhancing Deep Industries' drilling services. Kandla Energy, previously under insolvency, specializes in manufacturing and exporting hydrocarbon fluids. The move is expected to improve cost efficiency and strengthen Deep Industries' market position.
31Mar 25
Deep Industries Expands Portfolio with 100% Acquisition of Kandla Energy and Chemicals
Deep Industries Limited has acquired 100% ownership of Kandla Energy and Chemicals Limited for Rs. 1,00,000, purchasing 10,000 equity shares at Rs. 10 per share. The acquisition, completed on March 31, 2025, aims to create synergies in procuring hydrocarbon fluids and chemicals, potentially enhancing Deep Industries' drilling services efficiency. Kandla Energy and Chemicals, previously under insolvency resolution, reported nil turnover as of March 31, 2024, presenting growth opportunities under new ownership.