Deepak Builders & Engineers India Limited — Q3 FY26
Deep Industries delivered a strong Q3 FY26 with revenue of ₹221.5 crore (+43.1% YoY), EBITDA of ₹110.1 crore (+46.3% YoY), and PAT of ₹71.3 crore (+49.8% YoY).
bullish
high
Financial stats pending filing verification
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
54%Questions answered5Evaded / deflected12Questions auditedMixedNumbers vs filing
Evasive
High priority
When can we expect new orders from major clients?
Asked by Part Agalwar, Bestian Research
Management gave a generic answer about continuous flow without any specific timeline or order value.
no timeline givengeneric statement
Read the exchange
Question
our order view has plenty of around you know 3,000 crores and our major client has announced you know major capex for 27. So when can we expect you know new series of order coming from those clients?
Management
regular tenders are being uh floated by various oil and gas producers including and we are regularly bidding those tenders... it would be uh continuous flow for us.
Answered
High priority
What is the outstanding bid pipeline and success rate?
Asked by Part Agalwar, Bestian Research
Management provided a specific number (800 K) for the bid pipeline.
Read the exchange
Question
what is the amount of order that we bid for so far right now which is outstanding and the lotment is pending.
Management
our current bidding pipeline is somewhere around 800 K tentatively but since those are bids uh amount may vary.
Partial answer
Medium priority
What percentage of revenue came from PC this quarter?
Asked by Part Agalwar, Bestian Research
Management gave an absolute number (20 CR) instead of the requested percentage.
no percentage givengave absolute number instead
Read the exchange
Question
out in this quarter how much percentage of revenue is coming from PC if you can see that
Management
PC we have uh started recently so uh it would not be measured in percentage... contribution from PEC was somewhere around 20 CR
Evasive
Medium priority
Is there a slowdown in offshore activity?
Asked by Rohit Priya Darshi, Mittal Analytics Private Limited
Management redirected to onshore and avoided answering about offshore specifically.
shifted focus to onshoredeclined to comment on offshore
Read the exchange
Question
more on the macro environment uh front on the offshore breeding market. So is there any slowdown in offshore activity or do you still see strong demand?
Management
I think overall oil and gas industry is witnessing a good growth. Uh particularly our interests are more into onshore activities... we won't be able to permit exactly how offshore has been
Evasive
High priority
Which segment contributed most to 40% YoY revenue growth?
Asked by Rohit Priya Darshi, Mittal Analytics Private Limited
Management did not quantify segment contributions despite being asked.
no segment breakdown given
Read the exchange
Question
in our Q3 revenues uh we grew up to 222 crores which is uh growth of 40% yearon year. So I wanted to understand which segment contributed most to this growth
Management
growth is uh almost in each segment. So uh as I said uh production enhancement is something which is new which has started contributing
Answered
High priority
Will PC ramp-up to 150 cr happen next year or gradually?
Asked by Manancha, MoneyB Investment Advisor
Management gave a clear timeline for the ramp-up.
Read the exchange
Question
you expect to ramp up ramp up to say 150 cr sort of uh output. So uh you are expecting this ramp up to happen in the next year itself or it it should be a gradual ramp up over the next 2 three years
Management
this 150 cr uh revenue we are expecting uh from next financial year onward. So maybe not full next financial year but on full year basis probably 27 28 we can reach uh over and above 150 cr.
Answered
High priority
Will the fire incident delay PC ramp-up?
Asked by Manancha, MoneyB Investment Advisor
Management quantified the delay as 2-3 months.
Read the exchange
Question
the incident which occurred I believe was at this particular site only. So um will that lead to any sort of delay in the ramp up?
Management
there would be little delay in uh the revenue ramp up because of this uh maybe around 2 3 months uh delay in uh ramp up of revenue.
Answered
Medium priority
Why did raw material expenses increase in Dolphin?
Asked by Manancha, MoneyB Investment Advisor
Management explained the increase as one-off repair expenses.
Read the exchange
Question
in the current quarter uh uh uh we have booked some expenses or there is some increase in the raw material consumption... if you can just uh tell us what uh this increase in expenses in Dolphin has been.
Management
there were certain amount of uh repairing uh were required as per client's additional requirement in the barge... this is a one-off it is not expected to continue
Answered
High priority
Will lower order wins in Q3 roll over to Q4?
Asked by Manancha, MoneyB Investment Advisor
Management confirmed expected conversion in Q4.
Read the exchange
Question
this quarter overall order wins have been close to this 140 crores. So has there been a a roll over to the subsequent quarter and should we expect you know subsequent order wins
Management
we are expecting good amount of conversion in Q4 uh based on uh tenders we did and uh in one or two we are L1 as well.
Evasive
Medium priority
How comfortable are you with receivable cycle from PSUs?
Asked by Sanjay Sha, KSA Securities
Management gave a generic comfort statement without addressing payment cycle improvements.
no specific data on payment timelines
Read the exchange
Question
given our PSU exposure, how comfortable are you with the receivable cycle and are there any structural improvement in the payment timelines
Management
we have been working with these clients now over 30 years. So we have a reasonable experience working with these clients and understanding the culture. So we don't find any difficulty working with these clients.
Answered
High priority
Will there be another write-off from Kla Energy acquisition?
Asked by Khan Bava
Management clearly stated no provisioning expected this fiscal year.
Read the exchange
Question
you've had a 250 odd crite off last year... you still have about 28 odd crores of uh doubtful receivables. So can we expect another write off coming uh from this?
Management
we are not expecting uh any such provisioning in this financial year
Evasive
Medium priority
Why was QoQ growth muted despite PC contract?
Asked by Deepak, IG India
Management did not identify which segment underperformed.
no specific segment mentionedattributed to general spillovers
Read the exchange
Question
we have a muted growth on Q despite we have a PC contract revenue this quarter. So which segment or which product of ours has given the lesser growth this quarter
Management
Q on Q there can be some uh projects uh may be spilling over to next contract and there can be one or two contracts or uh assets which will may be in transit
Quantitative claims vs filed numbers
| Claim | Management said | Filing | Verdict |
|---|---|---|---|
| Q3 revenue 222 crores, 40% YoY growth | ₹222 cr | ₹221.5 cr | Matches filing |
| PC contribution this quarter around 20 CR | ₹20 cr | ₹221.5 cr | Understated vs filing |
| PC project expected 150 cr annual revenue | ₹150 cr | ₹221.5 cr | Understated vs filing |
| Dolphin contributed 30 cr revenue, 13.5 cr profit | ₹30 cr | ₹221.5 cr | Understated vs filing |
| Prabha DP2 barge expected 100 cr revenue this FY | ₹100 cr | ₹221.5 cr | Understated vs filing |
| Revenue growth guidance 30-35% next year | 35% | 43.1% | Understated vs filing |
Filed figures sourced from Screener.in. Claims within a small tolerance of the filing are marked “matches filing”.