Deep Industries Q1 FY27 profit up 45% to ₹85 cr

Key takeaway from the quarter

Deep Industries reported a sharp year-on-year rise in Q1 FY27 earnings as revenue growth stayed ahead of its stated FY27 guidance range. The company said consolidated net profit attributable to owners rose 45% to ₹85.36 crore (₹853.6 million) for the quarter. Revenue from operations increased 40% to ₹278.92 crore (₹2,789.2 million).

The results were approved by the Board of Directors on July 28, 2026. Alongside the financials, the board also cleared a new employee stock option plan and fixed the record date for the final dividend for FY26.

Profit and revenue: what changed year-on-year

Deep Industries’ consolidated revenue from operations rose to ₹278.92 crore in Q1 FY27 from ₹199.49 crore in the corresponding period last year. On the profit line, consolidated net profit attributable to owners increased to ₹85.36 crore from ₹58.82 crore, as per the numbers shared.

The article headline also referenced a consolidated net profit figure of ₹89.14 crore (₹891.4 million). Within the detailed results, the company’s consolidated net profit attributable to owners was stated as ₹85.36 crore.

EBITDA trend and margin detail

Consolidated EBITDA increased to ₹111.65 crore in Q1 FY27 from ₹77.85 crore a year ago. The company also reported an EBITDA margin of 40.03% versus 39.02% in the prior-year quarter, attributing the movement to cost dynamics during a phase of rapid top-line growth.

These operating numbers matter because they indicate whether the pace of revenue expansion is translating into operating leverage. In this quarter, EBITDA growth exceeded revenue growth in absolute terms, while the margin change was limited.

Standalone performance in Q1 FY27

On a standalone basis, Deep Industries reported net profit of ₹55.18 crore (₹551.8 million), up from ₹46.64 crore in Q1 FY26. The standalone and consolidated trajectories both point to a stronger start to FY27 compared with the previous year’s base.

How the quarter compares with FY27 guidance

The company’s Q1 FY27 revenue growth of 40% was described as significantly ahead of its FY27 guidance of 25% to 30%. While guidance is typically framed for the full year and not a single quarter, the Q1 print sets an early benchmark that investors will likely track through the rest of FY27.

Board actions: ESOP 2026 and dividend record date

The board approved the Deep Employee Stock Option Scheme 2026 (DIL ESOP 2026), enabling the company to grant up to 1.5 million equity options to eligible employees. As disclosed, the vesting period will range from one year to five years from the grant date.

The exercise price will be determined by the Nomination and Remuneration Committee and will not be less than the face value of ₹5 per share.

Separately, the board fixed August 21, 2026 as the record date for the final dividend for FY26, subject to shareholder approval at the upcoming Annual General Meeting.

Stock context: CMP, valuation, and key reference points

Deep Industries shares were cited at a current market price (CMP) of ₹451. The stock was also described as trading with a market capitalisation of ₹2,918 crore and a price-to-earnings multiple of 14.8.

The same note carried a 12-month target range of ₹542 to ₹600 (Uniresearch estimate) and Q1 FY27 estimate ranges of revenue at ₹297 to ₹342 crore and PAT at ₹27 to ₹35 crore. These estimates were framed as a “trailing-growth” approach using prior-period bases.

FY26 backdrop: strong annual growth, dividend recommendation

For FY26, Deep Industries reported revenue from operations of ₹890.71 crore, up 55% year-on-year from ₹576.13 crore in FY25. EBITDA for FY26 was reported at ₹424.82 crore, up 61% year-on-year.

The company reported a Profit After Tax (PAT) of ₹197.06 crore for FY26, compared with a loss of ₹78.76 crore in FY25. The board also recommended a final dividend of ₹2.50 per share for FY26, subject to shareholder approval.

Recent quarterly reference: Q4 FY26 numbers in the record

On a quarterly basis for Q4 FY26, revenue was stated at ₹248.71 crore versus ₹167.23 crore in Q4 of the prior year. Q4 EBITDA stood at ₹88.53 crore against ₹48.79 crore year-on-year, while Q4 EBITDA margin was reported at 32.93% versus 43.31%.

The company also reported a Q4 consolidated net loss attributable to owners of ₹14.36 crore, compared to a net loss attributable to owners of ₹209.17 crore in Q4 of the prior year.

Summary table: Q1 FY27 vs Q1 FY26 (consolidated)

Why these numbers matter for investors

The Q1 FY27 print combines strong revenue growth with a large year-on-year rise in profit attributable to owners, which can influence how investors view execution against FY27 guidance of 25% to 30% growth. The corporate actions also add near-term tracking points: ESOP issuance can be monitored for dilution and retention intent, while the dividend process hinges on shareholder approval and the stated record date.

Market participants will also likely watch how margins behave as the company scales. The company flagged cost dynamics during rapid expansion, and the reported EBITDA margin change was limited in Q1 FY27.

What to track next

Key dates and disclosures will remain in focus, including shareholder approval for the FY26 final dividend and the implementation details of DIL ESOP 2026 through grants and vesting schedules. Investors will also watch subsequent quarters to see whether the revenue trajectory continues to run ahead of FY27 guidance.

For the stock, the cited CMP of ₹451, market capitalisation of ₹2,918 crore, and P/E multiple of 14.8 provide the immediate valuation context as the broader July to August 2026 results season progresses.