Deep Industries Limited, a leading Indian oil and gas service provider, has reported a significant 55% increase in its revenue from operations for the financial year 2026, reaching ₹891 crore. The company’s EBITDA also saw a substantial rise of 64% year-on-year, amounting to ₹425 crore.
The company’s profit before tax (PBT) for the year stood at ₹348 crore, marking a 65% increase compared to the previous year. Additionally, the cash profit for FY 2026 was ₹442 crore, with a cash PAT margin of 46%.
For the fourth quarter of FY 2026, Deep Industries achieved an operating revenue of ₹248.71 crore, a 49% increase from the same period last year. The total income for the quarter was ₹273.64 crore, up by 58% year-on-year.
The Board of Directors has recommended a final dividend of ₹2.50 per equity share, subject to shareholder approval at the upcoming Annual General Meeting.
In a strategic move, Deep Industries acquired Kandla Energy and Chemicals Limited in March 2025, which was later merged with the company effective 30th March 2026. This acquisition was aimed at backward integration to source chemicals and hydrocarbons fluids in-house.
The company adopted a conservative accounting approach regarding inherited trade receivables from Kandla, resulting in a write-off of ₹208.28 crore of legacy receivables. Despite this, the company’s core cash profitability remained unaffected, with net cash flow from operating activities increasing to ₹270 crore in FY 2026 from ₹210 crore in FY 2025.
Chairman and Managing Director, Mr. Paras S. Savla, expressed satisfaction with the company’s performance, attributing it to the ability to adapt to market dynamics and seize emerging opportunities.
Deep Industries also entered a memorandum of understanding (MOU) to venture into the Green Hydrogen Business, aiming to bid for and execute various Green Hydrogen project tenders and contracts.
The company is strategically positioned to capitalise on the evolving energy sector landscape in India, aligning with the government’s vision for energy independence and infrastructure development.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).