The shares of Oil & Gas stock, specializing in providing integrated services in the oil and gas sector, jumped 7 percent upon declaring Q3 results and generating profit with a 70 percent rise Year on Year (YoY)
Price action
With a market capitalization of Rs. 3,481.92 crores on Friday, the shares of Deep Industries Limited jumped upto 6.8 percent making a high of Rs. 581.65 per share compared to its previous closing price of Rs. 544.65 per share.
What Happened
Deep Industries Limited which is specializing in providing integrated services in the oil and gas sector. Its Revenue from operations grew by 48 percent YoY from Rs. 104.7 Crores in Q3FY24 to Rs. 154.8 Crores in Q3FY25 and it grew by 18.5 percent QoQ from Rs. 130.6 Crores in Q2FY25 to Rs. 154.8 Crores in Q3FY25.
Its Net Profit rose 70 percent YoY from Rs. 27.9 Crores in Q3FY24 to Rs. 47.6 Crores in Q3FY25 and it rose by 14.6 percent QoQ from Rs. 41.5 Crores in Q2FY25 to Rs. 47.6 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 6.8, compared to Rs. 6 in the previous quarter and Rs. 4.4 in the same quarter last year.
Management Commentary
Paras Salva Chairman and Managing Director of Deep Industries said: I am delighted to share that we have delivered another strong quarterly performance, underpinned by the growing demand for oilfield services. Our strategic focus on expanding our presence in the oilfield segment and offering more value-added solutions has enabled us to align with evolving customer needs and industry trends.
Looking ahead, we remain confident in our growth trajectory as we enter the next financial year. With a clear focus on innovation, operational excellence, and value creation. Our unwavering commitment to delivering superior results and enhancing shareholder value continues to drive our strategic decisions and future aspirations.
About the Company
Deep Industries Limited is one of the leading service provider companies that offers a diverse range of services, including drilling, well services, natural gas compression, and transportation solutions which play a key role in the energy and infrastructure industries. As of Q3FY25, the company’s order book stands at Rs. 2,701 crores.
Recent Order Wins
The company Received an award from ONGC for charter hire of 1 no of 100 MT workover drilling rig for 7 years worth Rs. 90.70 Cr, along with it they received an order for Integrated Drilling Services from Selan Exploration Technology Ltd. The estimated value of the order is Rs. 62 Cr.
Written by Sridhar J
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