+
Dee Development Engineers Posts Strong Fy26 Results
ECONOMY & POLICY

Dee Development Engineers Posts Strong Fy26 Results

DEE Development Engineers Limited reported audited results for the quarter and year ended 31 March 2026, recording robust growth across key metrics. Full year revenue rose to Rs 11,420 million (mn), representing a year on year increase of 38 per cent, while operating EBITDA reached Rs 1,912 mn, up 54.5 per cent. Profit after tax for the year was Rs 772 mn, reflecting a rise of 76.9 per cent.

In the fourth quarter the company delivered revenue of Rs 3,616 mn, a sequential improvement driven by healthy execution in the piping segment and sustained supplies to the oil and gas and power sectors. Quarterly operating EBITDA was Rs 636 mn and the full year operating EBITDA margin stood at 16.7 per cent. The year included a one time Labour Code liability of Rs 19 mn, which affected statutory results.

The closing order book was Rs 19,400 mn as on 31 March 2026, up from Rs 12,280 mn a year earlier, with an additional L1 position of Rs 2,110 mn providing further near term visibility. The company has entered into a reservation agreement with an international engineering, procurement and construction company to book 60 per cent of its HRSG pipe spool fabrication capacity, with a minimum annual job value of US$ 15.27 million per annum, effective from 1 June 2027 to 31 December 2029. The biomass pellet facility has become operational and the power business saw a tariff revision at Malwa Power from Rs three point five zero to Rs five point two two four per kWh, with a retrospective recovery equivalent to Rs 58 mn.

Management noted that ramp up of the seven thousand MTPA seamless pipe plant and the 30,000 MTPA Anjar fabrication unit is expected to drive operating leverage and efficiencies. Improving cash flows and operating performance are expected to support gradual reduction in debt levels and stabilise segment profitability. The company continues to pursue restructuring and tariff optimisation avenues while maintaining focus on execution and margin enhancement.

DEE Development Engineers Limited reported audited results for the quarter and year ended 31 March 2026, recording robust growth across key metrics. Full year revenue rose to Rs 11,420 million (mn), representing a year on year increase of 38 per cent, while operating EBITDA reached Rs 1,912 mn, up 54.5 per cent. Profit after tax for the year was Rs 772 mn, reflecting a rise of 76.9 per cent. In the fourth quarter the company delivered revenue of Rs 3,616 mn, a sequential improvement driven by healthy execution in the piping segment and sustained supplies to the oil and gas and power sectors. Quarterly operating EBITDA was Rs 636 mn and the full year operating EBITDA margin stood at 16.7 per cent. The year included a one time Labour Code liability of Rs 19 mn, which affected statutory results. The closing order book was Rs 19,400 mn as on 31 March 2026, up from Rs 12,280 mn a year earlier, with an additional L1 position of Rs 2,110 mn providing further near term visibility. The company has entered into a reservation agreement with an international engineering, procurement and construction company to book 60 per cent of its HRSG pipe spool fabrication capacity, with a minimum annual job value of US$ 15.27 million per annum, effective from 1 June 2027 to 31 December 2029. The biomass pellet facility has become operational and the power business saw a tariff revision at Malwa Power from Rs three point five zero to Rs five point two two four per kWh, with a retrospective recovery equivalent to Rs 58 mn. Management noted that ramp up of the seven thousand MTPA seamless pipe plant and the 30,000 MTPA Anjar fabrication unit is expected to drive operating leverage and efficiencies. Improving cash flows and operating performance are expected to support gradual reduction in debt levels and stabilise segment profitability. The company continues to pursue restructuring and tariff optimisation avenues while maintaining focus on execution and margin enhancement.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

BMW Ventures Secures Rs 249.83 Million (mn) Steel Orders

BMW Ventures Limited said it has secured two purchase orders totalling Rs 249.83 million (mn) from Lata Projects Limited for the supply of TMT steel FE-550D grade for three units of 800 megawatt (MW) capacity at the USCTPP Adani project. The orders were disclosed to the stock exchanges under Regulation 30 of the SEBI Listing Regulations and carry a contract value inclusive of all taxes.\n\nThe company stated that the orders will be executed within eight weeks from the date of the purchase orders and that the contract provides for 100 per cent advance payment with specified guarantees. The supp..

Next Story
Real Estate

Housing Sales Dip in Top Eight Cities in Q2, Pune and Bengaluru Hit Hard

Housing sales across the top eight cities fell six point one per cent year-on-year to 91,729 units in the April-June quarter from 97,674 a year earlier, PropTiger’s Real Insight Residential report showed. The moderation reflected seasonal pre-monsoon effects and heightened buyer caution amid the US-Iran conflict. New launches rose six per cent to 89,161 units. The impact was concentrated in technology-driven markets, with Pune and Bengaluru among the hardest hit. Pune recorded the steepest annual decline at 20.8 per cent, with sales falling to 12,642 units, while Ahmedabad declined 20.2 per ..

Next Story
Infrastructure Urban

India And ADB Sign US$230 Million Loan To Modernise Chennai Water

The Government of India and the Asian Development Bank (ADB) signed a US$230 million loan to modernise and expand water supply and sanitation infrastructure in Chennai. Saurabh Singh, Deputy Secretary, Department of Economic Affairs (DEA), signed on behalf of the Government of India and Mio Oka, Country Director of ADB’s India Resident Mission, signed for the lender. The engagement was guided by Baldeo Purushartha, Joint Secretary (ADB and Japan), DEA. The Chennai Climate-Resilient Water Security and Sewerage Project aims to improve access to safe and reliable water and sanitation citywide w..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code