Deep Industries, India's only integrated onshore and offshore Oil & Gas service provider, delivered strong financial results.

For the recent quarter, revenue grew by 39.8% year-over-year, with EBITDA up 38.7% and Profit After Tax rising 44.5%, reaching all-time highs.

The company closed with an order book of ₹3,047 Cr.

Strategically, Deep is benefiting from India's energy self-sufficiency push, with significant opportunities in the energy infrastructure sector.

Recent moves include acquiring a 75% stake in Dolphin Offshore for offshore services and securing a ₹1,402 Cr, 15-year production enhancement contract with ONGC.

The company is also exploring higher-capacity drilling rigs and leveraging its gas processing expertise for the growing Compressed Biogas (CBG) market under the GOBARdhan scheme.

Management highlights Deep's position as a "toll-booth" on India's shift to a gas-based economy, anticipating a sustained upstream capital expenditure cycle and multi-year onshore activity.

The company's Debt/EBITDA improved to 0.48x, showing a strong balance sheet.