Deep Industries reports record Q1 revenue, order book hits $3bn

Deep Industries Limited reported record Q1 FY26 operational revenue of ₹199.5 crore, up 61.6% year-on-year. Profit after tax rose 59.3% to ₹61.7 crore, with EBITDA climbing 54.7% to ₹95 crore.

The company's order book increased to ₹3,051 crore, boosted by new contracts including a ₹96.72 crore seven-year workover rig charter in Assam and Arunachal Pradesh.

Deep Industries also began generating revenue from its DP2 barge in Mexican waters under a three-year lease valued at $32.85 million, marking international expansion.