Deep Industries Reports 71% PAT Increase to ₹71.2 Cr in Q2 FY26
Filing Summary
Deep Industries Ltd reported a 71.4% increase in Profit After Tax (PAT) to ₹71.2 crore for Q2 FY26. The company’s revenue for the quarter rose 69.2% year-on-year to ₹221 crore, while EBITDA increased by 74.7% to ₹113 crore. The order book stands at ₹3,050 crore. For the first half of FY26, PAT rose 65.6% to ₹133 crore, and revenue increased by 65.5% to ₹421 crore. The company has expanded its operations with new contracts and asset acquisitions, enhancing its presence in the oil and gas sector.
Deep Industries Ltd has announced its financial results for the second quarter of the fiscal year 2026, showing a significant increase in profitability. The company reported a 71.4% rise in Profit After Tax (PAT) to ₹71.2 crore for the quarter ending September 30, 2025. The revenue for the same period increased by 69.2% year-on-year to ₹221 crore. The EBITDA for the quarter was ₹113 crore, reflecting a 74.7% growth compared to the previous year.
For the first half of FY26, Deep Industries reported a PAT of ₹133 crore, marking a 65.6% increase from the previous year. The company’s revenue for the first half stood at ₹421 crore, up 65.5% year-on-year. The EBITDA for the first half was ₹208 crore, representing a 64.9% increase. The company’s order book as of the reporting date is valued at ₹3,050 crore.
Deep Industries has been actively expanding its operations and service offerings. The company has taken over the Rajahmundry asset under a Production Enhancement Contract and secured a workover rig deployment from Oil India in Rajasthan, Assam, and Arunachal Pradesh. These developments are part of the company’s strategy to diversify its footprint across key hydrocarbon basins. The company is involved in providing a range of services, including natural gas compression, dehydration, drilling, and workover rigs, as well as integrated project management and charter hiring of gas processing services.
The company has been focusing on value-added services such as integrated project management and charter hiring of entire gas processing facilities. This approach converts its Engineering, Procurement, and Construction (EPC) business into charter hire services. The company has also entered into a Production Enhancement Contract with ONGC, marking a significant milestone in its efforts to contribute to India’s energy security through efficient development of existing oil and gas fields.
The financial results for Q2 and the first half of FY26 reflect the company’s operational excellence and strategic initiatives. The company has achieved heightened bidding success in value-added segments like charter hire of entire gas processing facilities. The order book exceeding ₹3,050 crore indicates a strong pipeline of future projects. The company continues to execute projects seamlessly, supported by government policies on domestic exploration and increasing energy needs.
Deep Industries Ltd has been providing oil and gas support services for over 30 years. Initially focused on natural gas compression services, the company has expanded its service portfolio to cover more than 70% of post-exploration value chain services. The company is committed to innovating in sustainable solutions and maximizing long-term value for stakeholders in the oil and gas services sector.