Deep Industries reports 62% revenue jump to INR199.5cr

Deep Industries reported 61.6% year-on-year revenue growth to INR199.5 crores in Q1 FY26, with net profit rising 59.3% to INR61.7 crores. EBITDA grew 54.7% to INR95 crores, maintaining 40-45% margins.

The company's order book jumped 152.15% year-on-year to INR3,051 crores. New contracts include a INR45 crore workover rig award and a INR96.72 crore, 7-year charter from Oil India Limited.

Deep Industries expects sustained growth exceeding 30% year-on-year for the next two to three years.