Oil Equipment & Services company Deep Industries announced Q4FY26 & FY26 results Standalone Financial Highlights: Revenue from operations: Q4FY26: Rs 17,162.19 lakh compared to Rs 13,643.47 lakh in Q4FY25 (YoY increase of 25.79%). Compared to Q3FY26 (Rs 17,935.73 lakh), this reflects a QoQ decrease of 4.31%. FY26: Rs 70,296.17 lakh compared to Rs 47,747.46 lakh in FY25 (YoY increase of 47.22%). Profit before tax: Q4FY26: Loss of Rs 14,842.15 lakh compared to a loss of Rs 20,223.76 lakh in Q4FY25 (YoY improvement of 26.61%). Compared to Q3FY26 (profit of Rs 6,698.76 lakh), this reflects a significant decrease. FY26: Rs 4,829.63 lakh compared to a loss of Rs 7,556.22 lakh in FY25 (YoY improvement of 163.92%). Profit after tax: Q4FY26: Loss of Rs 4,988.72 lakh compared to a loss of Rs 20,833.13 lakh in Q4FY25 (YoY improvement of 76.05%). Compared to Q3FY26 (profit of Rs 5,060.74 lakh), this reflects a significant decrease. FY26: Rs 9,748.19 lakh compared to a loss of Rs 11,543.32 lakh in FY25 (YoY improvement of 184.45%). Earnings per share (Basic/Diluted): Q4FY26: (Rs 7.79) compared to (Rs 32.55) in Q4FY25. Compared to Q3FY26 (Rs 7.91), this reflects a significant decrease. FY26: Rs 15.23 compared to (Rs 18.04) in FY25. Business Highlights: Exceptional Items: The standalone and consolidated results for FY26 include a one-time charge of Rs 20,828.49 lakh due to the write-off of legacy trade receivables related to the Kandla Energy & Chemicals Limited merger. Amalgamation: The Scheme of Amalgamation of Kandla Energy & Chemicals Limited with the Company was sanctioned by the NCLT, with an appointed/effective date of March 31, 2025. Comparative figures have been restated to reflect this. New Investment: The Board approved a project cost of Rs 250 crore for setting up a pigment project with a 2,500 MT capacity at SIPCOT Industrial Park, Manapparai, Tamilnadu. New Subsidiary: A step-down subsidiary, "Beluga International (IFSC) Private Limited," was incorporated on March 9, 2026. Segment Information: The Company operates in a single business segment: "Oil and Gas Field Services." Paras S. Savla, Chairman & Managing Director, Deep Industries, expressed his satisfaction on companies FY26 performance which was due to its ability to adapt to market dynamics and seize emerging opportunities. The write off of receivables of Kandla amounting to Rs. 208.28 crores was a conscious decision taken to clean off our books and ensure a higher returns to the shareholders in years to come. In FY26 we entered into an MOU for venturing into Green Hydrogen Business to explore the new business areas to add in our service portfolio. This MOU aims to bid for and execute various Green Hydrogen project tenders and contracts. The oil and gas sector is transitioning from a period of "crisis management" to a "structural rebalancing.” Closure of Strait of Hormuz and crude oil price rise resulted in supply side disruptions and Indian Govt has now fast tracked its resolve to reduce dependence on imports. With the vision of our Honorable Prime Minister Shri Narendra Modiji for Aatmanirbhar Bharat, Country is actively perusing investments for its exploration and production (E&P;) sector as a part of broader USD 500 billion opportunity in its Energy Infrastructure by 2030. We are strategically positioned to capitalize on this opportunity, reinforcing our commitment to national energy security and long-term value creation. With strengthened leadership team the Company is now set for continued growth for operational excellence and innovation. We are confident of sustainable growth in years to come by capturing new opportunities and deliver long-term value to our stakeholders. We will continue our efforts on adopting best corporate governance and focus on sustainable development of our society through our various CSR Initiatives. Result PDF