Deep Industries Q2 FY27 Results: Consolidated Net Profit ₹81.22 Crore on Total Income of ₹313 Crore
- Earnings
- Oil and gas field services
Reviewed byRachit TripathiBlacklitt Research
Deep Industries (NSE: DEEPINDS) reported consolidated total income of ₹313.03 crore and net profit of ₹81.22 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was ₹226.95 crore and standalone net profit ₹59.37 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹313.03 crore, up 29.2% YoY and 3.4% QoQ
- Net profit: ₹81.22 crore, up 14.0% YoY and down 8.9% QoQ; ₹76.49 crore attributable to owners
- EPS: ₹11.95 basic, against ₹10.53 a year earlier and ₹13.34 in Q1 FY27
- Expected credit loss: ₹13.36 crore provision on trade receivables, flagged in the auditor's review report
Standalone
The company on its own, without its subsidiaries
- Total income: ₹226.95 crore, up 16.0% YoY and 22.3% QoQ
- Net profit: ₹59.37 crore, up 18.5% YoY and 7.6% QoQ
- EPS: ₹9.28 basic, against ₹7.83 a year earlier and ₹8.62 in Q1 FY27
- Finance costs: ₹3.73 crore, down 17.8% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 313.03 | 242.27 | +29.2% | 302.60 | +3.4% | |
| Revenue from operations | 295.43 | 221.01 | +33.7% | 278.92 | +5.9% |
| Other income | 17.60 | 21.26 | -17.2% | 23.68 | -25.7% |
| 81.22 | 71.23 | +14.0% | 89.14 | -8.9% | |
| Profit before tax | 103.65 | 91.45 | +13.3% | 111.65 | -7.2% |
| Finance costs | 4.04 | 6.51 | -37.9% | 4.30 | -6.0% |
| Depreciation | 16.31 | 14.90 | +9.5% | 15.88 | +2.7% |
| Tax expense | 22.43 | 20.23 | +10.9% | 22.50 | -0.3% |
| Net profit margin | 25.95% | 29.40% | -3.45 pp | 29.46% | -3.51 pp |
| EPS, basic (₹) | 11.95 | 10.53 | +13.5% | 13.34 | -10.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit rose 14.0% YoY, slower than total income, which rose 29.2%. Revenue from operations grew 33.7% to ₹295.43 crore while other income fell 17.2% to ₹17.60 crore, so other income is now 5.6% of total income. Profit before tax rose 13.3%, and tax expense rose 10.9% to ₹22.43 crore, which is 21.6% of profit before tax.
Against the previous quarter, total income rose 3.4% but net profit fell 8.9%. Profit before tax fell 7.2% and other income fell 25.7%, while revenue from operations rose 5.9%. The net profit margin was 25.95%, against 29.40% a year earlier and 29.46% in Q1 FY27.
Net profit attributable to owners was ₹76.49 crore, and non-controlling interest took ₹4.73 crore of the quarter's profit. The auditors' review report includes an emphasis of matter on an Expected Credit Loss provision of ₹13.36 crore on trade receivables as on 30 Sep 2026.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 226.95 | 195.61 | +16.0% | 185.61 | +22.3% | |
| Revenue from operations | 213.01 | 179.39 | +18.7% | 171.78 | +24.0% |
| Other income | 13.94 | 16.22 | -14.1% | 13.83 | +0.8% |
| 59.37 | 50.12 | +18.5% | 55.18 | +7.6% | |
| Profit before tax | 77.60 | 67.24 | +15.4% | 73.82 | +5.1% |
| Finance costs | 3.73 | 4.53 | -17.8% | 3.93 | -5.1% |
| Depreciation | 11.04 | 11.10 | -0.6% | 10.71 | +3.1% |
| Tax expense | 18.23 | 17.12 | +6.5% | 18.64 | -2.2% |
| Net profit margin | 26.16% | 25.62% | +0.54 pp | 29.73% | -3.57 pp |
| EPS, basic (₹) | 9.28 | 7.83 | +18.5% | 8.62 | +7.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 18.5% YoY, faster than profit before tax at 15.4% and total income at 16.0%. Revenue from operations rose 18.7% to ₹213.01 crore while other income fell 14.1% to ₹13.94 crore, which is 6.1% of total income. Tax expense rose 6.5% to ₹18.23 crore, 23.5% of profit before tax.
Against the previous quarter, standalone total income rose 22.3% and net profit rose 7.6%. Depreciation was ₹11.04 crore, down 0.6% on a year earlier and up 3.1% on Q1 FY27. The standalone net profit margin was 26.16%, up 0.54 percentage points YoY and down 3.57 points QoQ.
The standalone figures carry the company's single business segment, Oil and Gas Field Services, and no separate segment revenue is given on a standalone basis. Consolidated net profit of ₹81.22 crore is ₹21.85 crore above standalone, and consolidated total income is ₹86.08 crore above standalone total income.
Inference
The filing records a dividend payment of ₹15.99 crore in the half year ended 30 Sep 2026 and paid-up equity share capital of ₹32.00 crore at a face value of ₹5 a share. The board approved the results on 3 Nov 2026, and Nishtha Patel was appointed Company Secretary and Compliance Officer with effect from the same date.
The filing does not say why the Expected Credit Loss provision was made beyond the ageing and recoverability assessment, whether it will recur in later quarters, or why other income and tax expense moved as they did.
Filed with BSE on . Reference: Original filing (PDF)
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