Deep Industries Ltd

Deep Industries Ltd. reported its consolidated Q1 FY27 financial results, achieving an all-time high quarterly revenue and profitability. Total income surged by 42.11% year-on-year to ₹302.60 Cr, while EBITDA increased by 38.73% YoY to ₹131.83 Cr. Profit After Tax (PAT) grew by 44.48% YoY to ₹89.14 Cr. The company highlighted strong operational execution and market demand, securing key contracts for gas compression services. Chairman and Managing Director, Mr. Paras S. Savla, noted the company's strong start to FY27, driven by strategic achievements and operational excellence, and expressed confidence in future growth due to a robust order book, favorable policy environment, and rising energy demand.

Deep Industries Ltd's Board of Directors has approved the 'Deep Employee Stock Option Scheme 2026' (DIL ESOP 2026), which will be subject to shareholder and regulatory approvals. The scheme allows for the grant of 15,00,000 employee stock options exercisable into equity shares. The Board also approved un-audited financial results for Q1 FY27 and set August 21, 2026, as the record date for a final dividend, pending shareholder approval at the AGM. Additionally, alterations to the Articles of Association were approved to facilitate such schemes.

Deep Industries Ltd announced the appointment of Mr. Rajeev Kumar Sinha, Chief Operating Officer, as Senior Managerial Personnel effective August 1, 2026. The Board also approved the un-audited financial results for the quarter ended June 30, 2026, and took note of the Limited Review Report. Additionally, the company fixed August 21, 2026, as the record date for its final dividend for FY 2025-26, subject to shareholder approval. The Board also approved alterations to the Articles of Association to facilitate employee stock option schemes and adopted the Deep Employee Stock Option Scheme 2026, proposing to grant 15,00,000 options to eligible employees.

Deep Industries Ltd's Board of Directors has approved an amendment to the Article of Association, subject to shareholder approval, to enable the company to issue equity shares under employee stock option schemes. The board also approved the 'Deep Employee Stock Option Scheme 2026' (DIL ESOP 2026), allowing for the grant of 15,00,000 employee stock options. Additionally, the board took note of the un-audited financial results for the quarter ended June 30, 2026, and fixed August 21, 2026, as the record date for the final dividend for FY 2025-26, pending shareholder declaration at the AGM.

Deep Industries' Board approved Q1 FY27 unaudited financial results and fixed August 21, 2026, as the record date for the final dividend for FY25-26. Additionally, the Board approved an alteration to the Articles of Association and adopted the Deep Employee Stock Option Scheme 2026 (DIL ESOP 2026) to grant 15 lakh options, subject to shareholder approval.

Deep Industries Ltd announced board approval for its un-audited financial results for the quarter ended June 30, 2026. The company also set Friday, August 21, 2026, as the record date for its final dividend for FY 2025-26, subject to shareholder approval. Additionally, the board approved alterations to the Articles of Association to facilitate employee stock option schemes and adopted the 'Deep Employee Stock Option Scheme 2026' (DIL ESOP 2026). This scheme allows for the grant of 15,00,000 employee stock options, exercisable into equity shares, with exercise price determined by the Nomination and Remuneration Committee.

Deep Industries reported consolidated PAT of ₹89.14 Cr for Q1 FY27, up 44.5% YoY from ₹61.70 Cr, on revenue of ₹278.92 Cr, up 39.8% YoY from ₹199.50 Cr. Both readings run ahead of management's FY27 guidance of 25-30% revenue growth given on the Q4 FY26 concall. Sequentially the print reverses Q4 FY26's headline net loss of ₹7.22 Cr, but that loss was entirely the product of a one-off ₹208.28 Cr exceptional item (unrelated to this quarter's operations); excluding it, Q4's core pre-exceptional profit was ₹88.53 Cr, so the real quarter-on-quarter change is modest and the swing back to profit is a base-effect artifact rather than a genuine turnaround. Core operating margin (OPM) came in at 38.77%, down from 40.90% a year ago and roughly 6 percentage points short of the 44-45% EBITDA margin band management guided for FY27 — the quarter's clearest miss against its own targets. Net profit margin nonetheless improved to 29.46% from 28.98% YoY: the gap is bridged by a larger share of other income (₹23.68 Cr, 8.5% of revenue, vs ₹13.43 Cr, 6.7% of revenue a year ago) and marginally lower finance costs (1.5% of revenue vs 2.1%). Standalone PAT of ₹55.18 Cr on standalone revenue of ₹171.78 Cr confirms consolidated subsidiaries and the offshore support business now contribute the larger share of group profit. Order intake during the quarter included a ₹49.1 Cr ONGC charter-hire contract (Jul 7) and an ₹83.81 Cr ONGC gas-compression contract (Jun 20) — incremental adds against the over ₹3,000 Cr order book management flagged exiting FY26, though the filing discloses no updated total order-book figure. No standalone management commentary or press release accompanied this result beyond the board-outcome letter, which otherwise covered a 15-lakh-option ESOP approval, COO Rajeev Kumar Sinha's elevation to Senior Management Personnel, and confirmation of August 21, 2026 as the record date for the ₹2.50/share FY26 final dividend — none of which affect this quarter's P&L. No analyst consensus estimates specific to this quarter could be located, so the print cannot be benchmarked against Street numbers this time.

Deep Industries Ltd has announced a Board of Directors meeting scheduled for July 28, 2026. The primary agenda items include the consideration and approval of the Un-audited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2026, along with the Statutory Auditor’s Limited Review Report. Additionally, the board will discuss and approve the Employee Stock Option Scheme (ESOS)/Employee Stock Option Plan (ESOP). The company also informed that the trading window, closed since July 1, 2026, will remain shut until 48 hours after the financial results are declared.

Deep Industries Ltd has announced the receipt of a Letter of Award from Oil and Natural Gas Corporation Limited (ONGC) for charter hiring services for Natural Gas Compression. The contract is for a period of five years and is valued at approximately ₹49.10 crores. This award pertains to services at the GGS Paliyad of Ahmedabad asset. The company confirmed that the contract is with a domestic entity and does not involve promoters or group companies, nor does it fall under related party transactions. The award is considered to be in the ordinary course of business for Deep Industries.

Deep Industries Ltd has announced receiving a Letter of Award from Oil and Natural Gas Corporation Limited (ONGC) for charter hiring services for gas compression. The contract is for ONGC's Lakhmani GGS-5, Assam Asset, and spans a period of three years. The total estimated value of this award is approximately INR 83.81 crores. This award is considered to be in the ordinary course of Deep Industries' business and is with a domestic entity. The company confirmed that promoters or group companies do not have any interest in ONGC, and the contract does not fall under related party transactions.