Event Type: The document contains the transcript of an Earnings Conference Call with investors/analysts held on Thursday, 6th August, 2026 to discuss the Un-Audited Financial Results for the Quarter ended 30th June, 2026 (Q1 FY27).
Date and Time: The conference call was held on Thursday, 6th August, 2026. A specific time was not mentioned in the transcript.
Purpose: The primary purpose was to discuss the Q1 FY27 financial results and provide a business update, including operational performance, order book status, and future outlook.
Management Participants: The call featured Mr. Krishan Lalit Bansal (Promoter, Chairman & Managing Director) and Mr. Brham Yadav (Chief Financial Officer). The call was moderated by representatives from Adfactors PR.
Availability of Materials: The company stated that an investor presentation had been uploaded on the stock exchanges. The transcript itself was submitted to the exchanges and is also available on the company's website at www.deepiping.com.
UPSI Statement: The transcript included a standard disclaimer that some statements might be forward-looking and involve risks and uncertainties. There was no explicit statement confirming that no Unpublished Price Sensitive Information (UPSI) would be shared.
Financial Highlights Discussed:
- Revenue from operations for Q1 FY27 was Rs. 294.5 crores, up 31.6% year-on-year.
- Operating EBITDA was Rs. 49.7 crores, with a margin of 16.9% (vs. 16% in Q1FY26), up 38.7% YoY.
- Profit After Tax (PAT) stood at Rs. 16.1 crores, up 22.4% YoY.
- Dispatches worth ~Rs. 25 crores were deferred from Q1 to Q2 due to customer requests in the oil & gas export segment.
- The company maintains its FY27 revenue guidance of over Rs. 1,500 crores and EBITDA margin guidance of above 19%.
- The order book as of 30th June 2026 was Rs. 2,428 crores.
Strategic and Operational Updates:
- The company highlighted the full operationalization of its Anjar pipe fabrication facility and the commissioning of its seamless pipe plant.
- A significant domestic order of Rs. 386.82 crores was received from Bharat Petroleum Corporation Limited (BPCL).
- The biomass pellet plant was commissioned in Q1 with a capacity of 72,000 MT per annum. FY26 revenue target for the non-core segment (including power) is ~Rs. 80 crores.
- A Rs. 300 crores preferential issue was allotted on 8th July 2026. Net proceeds of ~Rs. 293 crores will be used, with ~Rs. 225 crores earmarked for debt repayment.
- Net debt is expected to reduce to Rs. 400-425 crores by FY27-end from Rs. 718 crores at Q1 end.
- The company is pursuing opportunities in the nuclear sector and expects to formalize an agreement with a partner in Q2 FY27.
- Management expressed high confidence in the order pipeline, expecting inflows of at least Rs. 2,000 crores for FY27.
Additional Notes Section
- The document submitted is the full transcript of the earnings conference call.
- The transcript contained detailed financial data and management commentary as presented in the call.
- Logistical details like dial-in numbers were part of the transcript but are not the focus of this summary.