Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Regulation 30 read with Regulation 33 of SEBI (LODR) Regulations, 2015 - Outcome of Board Meeting
Audit Opinion:
Clean opinion - Limited Review Report issued by Statutory Auditors M/s Mahendra N. Shah & Co. with no modifications to conclusion.
Key Financial Highlights [₹ in lakhs]:
Standalone Results:
Revenue from Operations: ₹17,177.55 (Q1 FY27) vs ₹17,259.68 (Q1 FY26 restated) - Decreased 0.5% YoY
Total Income: ₹18,560.69 (Q1 FY27) vs ₹18,663.98 (Q1 FY26 restated) - Decreased 0.6% YoY
Net Profit: ₹5,517.82 (Q1 FY27) vs ₹4,664.45 (Q1 FY26 restated) - Increased 18.3% YoY
EPS: ₹8.62 (Basic and Diluted) vs ₹7.29 (Q1 FY26 restated)
Other Equity: Not specified for current quarter
Consolidated Results:
Revenue from Operations: ₹22,949.47 (Q1 FY27) vs ₹17,259.68 (Q1 FY26) - Increased 33.0% YoY
Total Income: ₹24,332.61 (Q1 FY27) vs ₹18,663.98 (Q1 FY26) - Increased 30.4% YoY
Net Profit: ₹8,542.20 (Q1 FY27) vs ₹4,664.45 (Q1 FY26) - Increased 83.2% YoY
Attribution: Owners ₹8,163.72, Non-controlling interest ₹378.48
EPS: ₹13.34 (Basic and Diluted) vs ₹9.19 (Q1 FY26)
Other Equity: Not specified for current quarter
Segment-wise Performance:
The Company operates in a single business segment namely "Oil and Gas Field Services" as per Ind AS 108. No segment-wise breakdown provided.
Corporate Actions:
Dividend: Fixed Friday, August 21, 2026 as Record Date for Declaration of Final Dividend for Financial Year 2025-26. Dividend payable if declared by shareholders at ensuing AGM.
ESOP Scheme: Approved Deep Employee Stock Option Scheme 2026 (DIL ESOP 2026) for 15,00,000 options exercisable into not more than 15,00,000 equity shares of face value ₹5 each. Exercise price to be determined by NRC, not less than face value. Vesting period: minimum 1 year, maximum 5 years from grant date. Exercise period: not earlier than 1 year and not later than 5 years from vesting date.
Other Significant Information:
Merger Impact: During previous year, Kandla Energy and Chemicals Limited merged with Deep Industries Limited. Comparative figures for Q1 FY25 have been restated to reflect impact of merger.
Subsidiaries: Consolidated results include subsidiaries: Raas Equipment Private Limited, Dolphin Offshore shipping Limited, Deep Onshore Services Private Limited, Deep Onshore Drilling Services Private Limited, Deep Exploration Services Private Limited, Dolphin Offshore Enterprises (India) Limited, Dolphin Offshore Enterprises (Mauritius) Private Limited, Breitling Drilling Private Limited, Beluga International DMCC, SAAR International FZ-LLC, Deep Natural Resources Limited, Beluga International (IFSC) Private Limited.
Foreign Subsidiaries: Two foreign subsidiaries (Deep International DMCC, Dubai and SAAR International FZ-LLC) contributed revenue of ₹2,396.23 lakhs and net profit of ₹1,018.72 lakhs for Q1 FY27.