Deep Industries Limited Latest Updates

Financial Results (Q2 FY2026 / Quarter ended September 30, 2025): The company reported strong growth in its financial performance for the quarter. Consolidated Revenue from Operations was reported at approximately ₹221.01 Crore, marking a significant year-on-year (YoY) increase of over 69% compared to Q2 FY2025. Consolidated Net Profit for the quarter surged to approximately ₹71.22 Crore, reflecting a YoY jump of about 71% from the previous year. This strong financial outcome was attributed by the company to increased capacity utilization and capitalizing on the rising demand in the oil and gas field services sector. Significant Order Wins and Order Book: The company secured a major, high-value contract from Oil and Natural Gas Corporation (ONGC) worth approximately ₹1,402 Crore for Production Enhancement Operations (PEC) in the Rajahmundry Asset. This contract has a long-term duration of 15 years. This single order win more than doubled the company's existing order book at the time of the announcement. Additionally, the company secured two contracts from Oil India Limited (OIL): one for approximately ₹96.72 Crore for a 7-year charter hire of workover rigs and another ₹45 Crore contract for hiring workover rigs. Strategic Business Expansion and Corporate Action: Deep Industries has successfully commenced operations for its offshore services vertical. The company's accommodation barge, 'Prabha,' entered into a 3-year lease agreement valued at approximately ₹281 Crore, with revenue generation beginning in Q1 FY2026. The company's Board of Directors approved the amalgamation (merger) of its wholly-owned subsidiary, Kandla Energy and Chemicals Limited, into the parent company, aiming to streamline operations and enhance overall efficiency.