Deep Industries Limited Latest Updates

Safety Update: Gas Leak Contained On January 10, 2026, Deep Industries successfully managed a gas leak incident at Well Mori #5 in Andhra Pradesh. The leak occurred during workover operations for ONGC. The company confirmed that the situation was brought under complete control without any injuries or casualties, demonstrating the effectiveness of their emergency response protocols. Q3 FY26 Results and Trading Window In accordance with SEBI regulations, the company closed its trading window for all designated persons on January 1, 2026. This closure is in anticipation of the Q3 FY26 financial results (period ending December 31, 2025). While the official board meeting date has not been finalized, historical data suggests it will likely be scheduled for the last week of January 2026. Strong Q2 Performance and Order Book For the previous quarter (Q2 FY26), Deep Industries reported a 71.4% year-over-year jump in net profit to ₹71.2 crore. Revenue from operations grew by 69.2% to ₹221 crore, supported by a robust EBITDA margin of 51.1%. The company’s consolidated order book remains strong at approximately ₹3,050 crore, providing high revenue visibility for the next 2.5 to 3 years. Strategic Expansion and Acquisitions The company is aggressively expanding its footprint in the offshore and chemical sectors. It recently completed the acquisition of Deep Natural Resources Limited and is in the process of merging with its wholly-owned subsidiary, Kandla Energy and Chemicals Limited. Furthermore, its DP2 accommodation barge, 'Prabha', began operations in late 2025, which is expected to contribute significantly to offshore service revenues in the current quarter.