Latest news with #DEEDevelopmentEngineers
News18
6 days ago
- Business
- News18
DEE Development Engineers Q1 profit at Rs 13 cr
Agency: PTI Last Updated: New Delhi, Aug 11 (PTI) DEE Development Engineers on Monday reported a net profit of Rs 13.20 crore for June quarter FY26, driven by increase in revenues. The company, which is into process pipe solutions, had logged a net profit (profit after tax) of Rs 3.19 crore in April-June period of preceding 2024-25 financial year. Process piping provides for installation of pipes and related components used to transport gases, fluids, other materials within a facility. In the first quarter, the company said its total income grew to Rs 227.85 crore from Rs 188.17 crore a year ago. Chairman Krishan Lalit Bansal said: 'We report a strong start to FY26, reflecting our continued focus on execution, operational efficiency, and strategic growth. Our order book remains robust at Rs 1,226.66 crore as of July 31, 2025, providing healthy visibility for the coming quarters." PTI ABI ABI ANU ANU First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
6 days ago
- Business
- Business Standard
Dee Development sizzles after reporting multi-fold jump in Q1 PAT
Dee Development Engineers surged 15.86% to Rs 303.95 after the company's consolidated net profit surged 313.79% to Rs 13.20 crore on 20.97% jump in revenue from operations to Rs 223.76 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) zoomed 259.43% YoY to Rs 15.78 crore in the quarter ended 30th June 2025. Total expenses rose 15.39% to Rs 212.07 crore in Q1 FY26, compared with Rs 183.78 crore in Q1 FY25. Cost of material consumed stood at Rs 98.33 crore (up 21.71% YoY), employee benefit expenses was at Rs 45.73 crore (up 41.18% YoY), finance cost was at Rs 21.25 crore (up 21.25% YoY) during the period under review. EBITDA for Q1 FY26 soared 42.76% to Rs 39.96 crore, compared to Rs 27.99 crore in Q1 FY25. The EBITDA margin for Q1 FY26 stood at 17.5%, compared to 14.9% in the same quarter year ago. The companys order book remains robust at Rs 1,226.66 crore as of 31 July 2025, providing healthy visibility for the coming quarters. Krishan Lalit Bansal, chairman, DEE Development Engineers said, On the operational front, the expansion at our Anjar facility is progressing ahead of schedule, with the additional 15,000 MTPA capacity set to be commissioned by end-August 2025, two months earlier than planned. This will increase the facilitys total capacity (excluding heavy fabrication) to 30,000 MTPA. Our high-wall seamless thickness pipe plant is also on track to commence commercial production by January 2026, marking a significant step in our backward integration strategy to improve supply chain efficiency and cost competitiveness. We are also seeing strong traction in the power sector, with active participation in multiple tenders and L1 positions secured in several bids from leading thermal power players. Coupled with robust demand from the oil & gas segment, this positions us well for sustained growth. During the quarter, we also made a strategic entry into the green hydrogen sector through a partnership with International Clean-Tech Partner, a global leader in sustainable energy technologies. Under this MoU, we will jointly develop, bid for, and execute modular hydrogen production system projects in India and Thailand. This collaboration combines their proven hydrogen technologiesincluding electrolysers, separators, and purification systemswith our manufacturing and execution expertise, including ultra-pure hydrogen purification systems of up to 99.9999% purity. Our recent majority acquisition of M/s Molsieve Designs Limited further enhances our technical capabilities and capacity in this emerging sector. Looking ahead, we remain committed to delivering operational excellence, expanding capacities, and diversifying into highgrowth, sustainable energy solutions, thus ensuring continued medium to long term growth in top line as well as bottom lime. We thank our employees, customers, partners, and shareholders for their continued trust and support as we work together to create long-term value. DEE Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), process industries and chemicals through engineering, procurement and manufacturing services.
Business Standard
6 days ago
- Business
- Business Standard
DEE Development Engineers consolidated net profit rises 313.79% in the June 2025 quarter
Sales rise 20.97% to Rs 223.76 crore Net profit of DEE Development Engineers rose 313.79% to Rs 13.20 crore in the quarter ended June 2025 as against Rs 3.19 crore during the previous quarter ended June 2024. Sales rose 20.97% to Rs 223.76 crore in the quarter ended June 2025 as against Rs 184.97 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 223.76184.97 21 OPM % 16.0313.40 - PBDT 28.5116.92 68 PBT 15.784.39 259 NP 13.203.19 314
Business Standard
25-06-2025
- Business
- Business Standard
Dee Development edges higher after securing $10 million contract from international client
Dee Development Engineers added 3.18% to Rs 313.25 after the company announced that it has bagged a purchase order worth $10 million from a customer for providing piping fabrication work. As per the contract terms, Dee Development Engineers will provide piping spool fabrication services. This includes non-destructive testing (NDT), post-weld heat treatment (PWHT), blasting and painting, packing, and transportation up to the FOB (free on board) port. The company is required to complete the contract by 28 February 2026. DEE Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), process industries and chemicals through engineering, procurement and manufacturing services. The companys consolidated net profit soared 165.6% to Rs 31.50 crore on 17.75% jump in revenue from operations to Rs 286.36 crore in Q4 FY25 over Q4 FY24.
Business Upturn
25-06-2025
- Business
- Business Upturn
DEE Development Engineers secures $10 million international piping order
By Aditya Bhagchandani Published on June 25, 2025, 09:36 IST Shares of DEE Development Engineers Limited are likely to remain in focus after the company announced that it has secured a significant international order worth $10 million (approximately Rs 83 crore). The order is for piping spool fabrication, including NDT (Non-Destructive Testing), PWHT (Post Weld Heat Treatment), blasting, painting, packing, and transportation up to the FOB port. According to the company's filing on June 25, 2025, the order has been awarded by an international client, though the customer's name remains undisclosed due to commercial reasons. The execution timeline for the project has been set until February 28, 2026. The order falls under the 'Piping Fabrication work with material basis' category and is classified as an international contract. DEE Development Engineers clarified that there is no related party interest in the transaction. This latest order comes as a positive development for the company, strengthening its international order book and demonstrating its expertise in high-end fabrication projects for the global energy and engineering sectors. 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. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
