Deep Industries Q1 profit ₹89 cr; revenue jumps 40% to ₹279 cr
Net profit ₹89.1 cr, revenue ₹278.9 cr; order book at ~₹3,000 cr; management guides 25-30% FY27 growth.
— 5 earlier stories on Deep Industries Ltd. →What's new
- Revenue up 40% YoY to ₹279 cr
- Net profit up 44% to ₹89 cr
- Guidance of 25-30% revenue growth for FY27 reaffirmed
Why this matters
The results validate Deep Industries' strong position in oil and gas services, backed by large ONGC contracts. With a ₹3,000 cr order book and low debt, the company is well-placed to sustain growth. The guidance implies continued momentum.
What we're watching
- Execution of the 15-year ONGC production enhancement contract
- Further contract wins in Assam and Ahmedabad
- Sustaining margins amid energy price fluctuations
The full read
Deep Industries started FY27 with a bang. Q1 revenue jumped 40% to ₹278.9 crore, net profit 44% to ₹89.1 crore. The company secured new gas compression contracts in Assam and Ahmedabad, adding to its already hefty ~₹3,000 crore order book, anchored by a 15-year production enhancement deal with ONGC. Net debt stood at just 0.14x equity, giving ample room for capex. Management guided for 25-30% revenue growth in FY27, a target the Q1 run-rate easily supports. The quarterly press release itself is routine; numbers were expected after guided orders, but the underlying operating momentum is clear. For a company covering over 70% of the post-exploration oil and gas value chain, the demand backdrop remains supportive. The next test is sustaining margins as the revenue base expands.
Questions answered
- How did Deep Industries perform in Q1 FY27?
- Revenue rose 40% to ₹278.9 crore and net profit jumped 44% to ₹89.1 crore year on year.
- What drove the revenue growth?
- New contract wins for gas compression services in Assam and Ahmedabad, along with strong demand for oil and gas services.
- What is the order book size?
- Roughly ₹3,000 crore at the end of FY26, anchored by a 15-year production enhancement contract with ONGC.
- What is the net debt position?
- Very low at 0.14 times equity at the start of FY27, giving financial flexibility.
- What is the full-year guidance?
- Deep Industries guided for 25-30% revenue growth for FY27, which the Q1 run-rate supports.
- Are there any recent contract wins?
- Yes, during Q1 the company secured key gas compression contracts in Assam and Ahmedabad, though specific values were not disclosed.
Deep Industries Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on DEEPINDS →- 28 Jul 2026 · 2:18 PM IST Deep Industries Q1 profit ₹89 cr; revenue jumps 40% to ₹279 cr
- today Deep Industries posts 40% revenue growth in Q1; board approves dividend, ESOP
- today Deep Industries kicks off FY27 with 40% revenue growth, ₹3,000 cr order book
- 21d ago Deep Industries lands ₹49 cr ONGC gas compression deal
- 38d ago Deep Industries locks in ₹84 cr ONGC gas compression contract