DEE Development shares jump 14% as Q1 revenue rises 21% YoY to Rs 223.76 crore, net profit up 310% YoY
The company posted revenue from operations of Rs 223.76 crore, a solid 21% rise compared to Rs 184.97 crore in the same quarter last year. Total income climbed in step, reaching Rs 227.85 crore — up 21% — thanks to both core business growth and a notable 28% jump in other income.
While total expenses did go up by around 15% year-on-year, hitting Rs 212.07 crore, this was driven mainly by increased material costs and a 40% boost in employee expenses as DEE gears up for expansion. Still, the company kept depreciation and finance costs under control, showing smart cost management.
What really stands out is the leap in profitability. Profit before tax surged a whopping 259%, climbing to Rs 15.78 crore from Rs 4.39 crore a year ago. After taxes, net profit skyrocketed over 310% to Rs 13.14 crore, signaling strong operational efficiency and healthy growth in the bottom line.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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