Deep Industries
Deep Industries Q2 FY26 Results & Concall Highlights: Capex ₹600 Cr
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Deep Industries expects consolidated revenue growth of more than 35% year-on-year for FY26, potentially higher depending on new assets and contracts. For FY26, Deep Industries expects revenue growth of more than 35% YoY, with potential to exceed this figure.
From Deep Industries's Q2 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- Deep Industries expects consolidated revenue growth of more than 35% year-on-year for FY26, potentially higher depending on new assets and contracts. (Page 9, 16)
- Production Enhancement Contract (PEC) revenue is anticipated at around Rs. 140 crores for FY26, with strong margin (~50% EBITDA). (Page 6, 13)
- Dolphin Offshore is expected to grow over 40% YoY, targeting Rs. 100 crores top line in FY26 with asset additions planned. (Page 16)
- Additional rigs and assets added in current year will contribute fully from next financial year, supporting 35%-38% growth in FY27. (Page 7, 16)
- H2 FY26 is expected to have higher growth than H1, with overall continuous momentum. (Page 16)
2 more points management made on revenue & sales performance
Profitability & Margins
See what Deep Industries said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company is planning a total CAPEX of ₹600 crores, with ₹100 crores already spent and the balance to be incurred in the future, including CAPEX for production and contract-related activities.
- A ₹300 crore QIP fundraise is underway to support this CAPEX as well as to strengthen the balance sheet and be prepared for potential acquisitions.
- The CAPEX focuses on expansion, acquisition of new assets, and production enhancement contracts.
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Deep Industries said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of November 2025, Deep Industries' total order book has crossed Rs. 3,050 crores.
- Out of this, Rs. 1,300+ crores relate to a 15-year production enhancement contract (PEC).
- Excluding the PEC, about Rs. 1,650 crores of orders are executable over the next 2.5 years.
- There is a bidding pipeline close to Rs. 700 crores, with a substantial portion expected to convert.
- The company witnesses continuous bidding activity, indicating dynamic order inflow.
2 more points management made on order book & pipeline
Deep Industries — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹249 Cr, net loss ₹7 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Deep Industries Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Deep Industries Q2 FY26 results?
Deep Industries expects consolidated revenue growth of more than 35% year-on-year for FY26, potentially higher depending on new assets and contracts. For FY26, Deep Industries expects revenue growth of more than 35% YoY, with potential to exceed this figure.
What is Deep Industries share price analysis?
Deep Industries currently shows a neutral. The stock trades at a P/E of 10.6 with a market cap of ₹4,404 Cr. Investors should review the full earnings analysis for detailed insights.
Is Deep Industries planning capital expenditure?
The company is planning a total CAPEX of ₹600 crores, with ₹100 crores already spent and the balance to be incurred in the future, including CAPEX for production and contract-related activities.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.