DEEPINDS Q2 FY27 Guidance vs Delivery (DEEPINDS Management Mirror)

FY27 Revenue Growth Guidance Upgraded to 30%-35% From 25%-30% Guided in Mar'26 Qtr

In the Sep'26 Qtr financial results, Deep Industries reported consolidated revenue of INR 295.43 crore (up 33.7% YoY) and a PAT of INR 76.49 crore, bringing H1 FY27 revenue to INR 574.34 crore. Against the earlier FY27 revenue growth guidance of 25% to 30% issued in the Mar'26 Qtr concall and reaffirmed at over 25% in the Jun'26 Qtr, management has upgraded its FY27 operating revenue growth guidance to a range of 30% to 35%, while also revising its FY27 PAT target to INR 350 to 370 crore from the approximately INR 350 crore guided in the Jun'26 Qtr. For FY28, operating revenue growth guidance is newly initiated at 30% to 35% over FY27, with PAT targeted between INR 470 and INR 500 crore, supported by an existing INR 3,089 crore order book that secures over 90% of FY28 growth and an active bidding pipeline of INR 700 to 800 crore.