Deep Industries reports strong Q2 and H1 FY26 financial performance

Deep Industries Limited has reported a robust financial performance for the second quarter (Q2) and first half (H1) of fiscal year 2026. For Q2 FY26, the company's operating revenue increased by 69.2% year-over-year (YoY) to ₹221.0 Cr, with EBITDA growing 74.7% YoY to ₹112.9 Cr, and profit after tax (PAT) rising 71.4% YoY to ₹71.2 Cr. The PAT margin for the quarter was 29.4%.

For H1 FY26, operating revenue stood at ₹420.5 Cr, a 65.5% YoY increase. EBITDA for the half-year grew 64.9% YoY to ₹207.9 Cr, and PAT increased by 65.6% YoY to ₹132.9 Cr, with a PAT margin of 29.2%. The company's order book has also shown consistent growth, reaching ₹3,050 Cr as of November 2025, reflecting a CAGR of 53.0% from FY22.

Key operational highlights include securing a ₹96.72 crore contract from Oil India Ltd for a 7-year charter hire of a workover rig in Assam & Arunachal Pradesh. Additionally, the company took over the Rajahmundry asset under a Production Enhancement Contract and secured another 15-year contract worth ₹1,402 crore from ONGC for comprehensive services to boost production from matured fields.