Deep Industries Reports Financial Results for Quarter and Year Ended March 31, 2026
Deep Industries Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The results reflect significant activities, including the amalgamation of a subsidiary and a major write-off of legacy trade receivables, which the company notes as a non-recurring event.Financial Results Overview
The company's financial statements provide comprehensive details for both standalone and consolidated results.Standalone Financial Results
For the year ended March 31, 2026, Deep Industries Limited reported a total revenue from operations of 17,935.73 Lakhs, compared to 13,643.47 Lakhs in the previous year. Total revenue for the quarter ended March 31, 2026, stood at 70,295.77 Lakhs.
Key operational figures for the standalone results are summarized below:
| Metric | Quarter Ended 31-03-2026 | Quarter Ended 31-12-2025 | Quarter Ended 31-03-2025 | Year Ended 31-03-2026 | Year Ended 31-03-2025 |
|---|---|---|---|---|---|
| Revenue from Operations | 17,935.73 Lakhs | 13,643.47 Lakhs | 17,935.73 Lakhs | 75,584.83 Lakhs | 47,747.46 Lakhs |
| Total Expenses (Operating) | 4,234.48 Lakhs | 3,962.81 Lakhs | 13,992.14 Lakhs | 25,658.12 Lakhs | 17,266.51 Lakhs |
| Profit Before Exceptional Items and Tax (r.2) | 5,986.34 Lakhs | 6,698.76 Lakhs | 4,758.99 Lakhs | 25,658.12 Lakhs | 17,266.51 Lakhs |
| Profit/Loss from Operations (r.3) | (14,842.15) Lakhs | 5,698.75 Lakhs | 120,223.75 Lakhs | 4,82.53 Lakhs | - |
| Profit/Loss from Other Comprehensive Items | 14,01 Lakhs | 8.80 Lakhs | 22.81 Lakhs | 9,711.00 Lakhs | 111,542.53 Lakhs |
| Total Comprehensive Income (r.a+b) | 14,974.71 Lakhs | 5,069.54 Lakhs | (20,832.34) Lakhs | 9,711.00 Lakhs | 111,542.53 Lakhs |
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Consolidated Financial Results
The Group’s performance, including Deep Onshore Services Private Limited, Raas Equipment Private Limited, and several other subsidiaries, was audited.
| Metric | Quarter Ended 31-03-2026 | Quarter Ended 31-12-2025 | Year Ended 31-03-2026 | Year Ended 31-03-2025 |
|---|---|---|---|---|
| Total Revenue from Operations | 24,870.59 Lakhs | 12,149.98 Lakhs | 76,123.05 Lakhs | 57,511.01 Lakhs |
| Total Expenses (Operating) | 40,015.15 Lakhs | 21,219.01 Lakhs | 40,015.15 Lakhs | 21,219.01 Lakhs |
| Profit/Loss from Operations (r.3) | 14,157.05 Lakhs | 9,010.49 Lakhs | 44,998.77 Lakhs | 27,099.00 Lakhs |
| Exceptional Items (r.4) | (20,828.49) Lakhs | - | (20,828.49) Lakhs | - |
| Profit/Loss before Working Capital Changes | 17,189.57 Lakhs | 26,812.00 Lakhs | 19,705.99 Lakhs | 129,93.86 Lakhs |
| Total Comprehensive Income | 12,993.86 Lakhs | 19,818.52 Lakhs | 129,93.86 Lakhs | (9,010.29) Lakhs |
Corporate Developments and Write-Offs
Amalgamation of Kandla Energy and Chemicals LimitedDeep Industries Limited successfully completed the scheme of amalgamation of Kandla Energy and Chemicals Limited (KECI), a wholly owned subsidiary. The amalgamation was sanctioned by the Hon'ble National Company Law Tribunal (NCLT) Ahmedabad Bench. The scheme was effective from March 30, 2026, and the appointed date was March 31, 2025. As a result, comparative figures for the previous period have been restated and/or reclassified to ensure comparability.
Legacy Receivables Write-Off
The company reported an exceptional item in both its standalone and consolidated financial results for the quarter and year ended March 31, 2026, totaling 20,828.49 Lakhs. This substantial amount represents a one-time loss due to a cleaning up exercise post-merger of Kandla Energy and Chemicals Limited.
Management adopted a conservative accounting approach regarding inherited trade receivables from Kandla Energy and Chemicals Limited. After a comprehensive 12-month reconciliation and recovery program, the company determined that these legacy trade receivables did not meet the criteria for realization. Consequently, to ensure a high-quality balance sheet, the company elected to write off these legacy trade receivables, deeming the write-off a non-recurring and non-cash adjustment.
Financial Highlights and Cash Flow
The company reported total assets of 45,597.26 Crore and total equity of 1,51,233.38 Lakhs for the standalone entity as of March 31, 2026.In terms of cash flow from operating activities, the consolidated statement showed a total of 27,009.76 Lakhs for the period.
The company reported a Net Cash Flow from Operating Activities of 21,875.98 Lakhs for the year. The total cash flow from financing activities was 1,667.44 Lakhs.
The group's cash and bank balances at the beginning of the year were 69,436 and 2,515.47 Lakhs, respectively.
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Summary Table of Core Financial Metrics (Lakhs)
| Metric | Q End Mar 31, 2026 | Year End Mar 31, 2026 |
|---|---|---|
| Total Revenue from Operations (Standalone) | 17,935.73 | 75,584.83 |
| Total Assets (Standalone) | 45,597.26 Crore | 70,265.36 Crore |
| Total Equity (Standalone) | 1,51,233.38 Lakhs | 1,58,174.37 Lakhs |
| Net Cash Flow from Operating Activities (Consolidated) | 27,009.76 Lakhs | 44,444.00 Lakhs |
DEEPINDS Stock Price Movement
Deep Industries Limited shares on Thursday slipped by 3.28% to settle at ₹458.25. The equity finished the day with a notable traded volume of 304,507 shares, falling significantly from its opening price of ₹475.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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