Stock to Watch: Deep Industries set to outperform due to impressive results

The shares of Deep Industries outperformed on Monday even as the BSE Sensex gained by more than 800 points. A remarkable pull back was facilitated by outstanding performance of metal stocks on Monday. 

The shares of Deep Industries managed to close above its 9D SMA indicating bullishness in the near term. Buying was witnessed in the counter owing to positive results expectation in Q2FY22. The share price of Deep Industries gained by more than 8 per cent on Monday.

The number are declared and following are the highlights for Q2FY22 results:

1. Revenue from operations stood at Rs. 91.27 crore as against Rs. 46.60 crore in Q2FY21
2. EBITDA reported at Rs. 26.88 crore as compared to Rs. 20.90 crore in Q2FY21
3. Profit Before Tax stands at Rs 20.94 crore as against a loss of Rs. 0.39 crore in Q2FY21
4. Profit After Tax reported was at Rs. 21.32 crore as against a loss of Rs. 2.05 crore in Q2FY21
5. Declared the Interim Dividend of Rs. 1.40 / Share
6. EPS stands at Rs. 6.66

H1FY22 vs H1FY21 :

1. Revenues from operations for the six months ended September 30th, 2021 stood at Rs. 162.28 crore as compared to Rs. 89.85 crore in H1FY21
2. The Earnings before Interest, Tax, Depreciation and Amortization (Core EBITDA) stands Rs. 57.08 crore in H1FY22 as against Rs. 39.32 crore in H1FY21. The Company’s EBITDA margin stood at 35%
3. Profit Before Tax (PBT) stood at Rs. 44.72 crore for H1FY22 as compared to a loss of Rs. 6.04 crore in H1FY21.PBT margin stood at 28%
4. Profit After Tax (PAT) reported Rs. 38.04 crore for H1FY22 as against a loss of Rs. 9.44 crore in H1FY21. PAT margin stood at 23%
5. Earnings per share (EPS) for the half-year ended FY22 stood at Rs.11.89

Deep Industries will be in focus on Tuesday. Deep Industries Limited started in the year 1991, with a primary objective of catering the ever-increasing demand for Oil and Gas Industry. Since its inception, Deep Industries Limited has been serving the industry in various segments with the foremost being providing Air & Natural Gas Compressor Services on chartered hire basis, wherein company commands a healthy market position and is also the first company in India to offer such services.