Latest news with #DEEDevelopmentEngineersLimited
Business Upturn
6 days ago
- Business
- Business Upturn
DEE Development shares jump 14% as Q1 revenue rises 21% YoY to Rs 223.76 crore, net profit up 310% YoY
DEE Development Engineers Limited caught the market's attention with a sharp 14% jump in its share price following the announcement of its unaudited consolidated financial results for Q1 FY26 ended June 30, 2025. 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. Ahmedabad Plane Crash 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
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.
Time of India
09-06-2025
- Business
- Time of India
DDEL partners with global clean-tech firm for green hydrogen projects in India, Thailand
New Delhi: DEE Development Engineers Limited (DDEL) has entered into a strategic partnership with International Clean-Tech Partner for co-developing and executing modular green hydrogen production systems in India and Thailand. Under the signed Memorandum of Understanding (MoU), the two companies will jointly develop, bid for, and implement green hydrogen projects . DDEL, a provider of specialised process piping solutions for the oil and gas, power, and process industries, will be responsible for project execution, local marketing, statutory approvals, and after-sales support. International Clean-Tech Partner will supply electrolysers, separators, hydrogen purification systems, and provide technical support and digital modelling. 'This partnership is a pivotal moment in our clean energy journey,' said Krishan Lalit Bansal, Chairman & Managing Director, DEE Development Engineers Limited. 'With International Clean-Tech Partner's proven technologies and DDEL's execution expertise, we are confident of unlocking meaningful progress in India and Thailand's green hydrogen ambitions. Hydrogen is poised to become a cornerstone of global decarbonization, and we are proud to lead the way alongside such a capable and visionary partner.' DDEL has also strengthened its green energy portfolio by acquiring a majority stake in Molsieve Designs Limited, a company with over 22 years of experience in manufacturing hydrogen purification systems with up to 99.9999% purity. The MoU outlines collaboration for containerized and modular hydrogen production projects, core system supply, co-branded outreach efforts, and digital documentation. The partnership is aimed at building competitive advantage in a growing sector where few players possess combined global technology and local execution capacity. The collaboration supports the Government of India's National Green Hydrogen Mission and is aligned with Thailand's renewable energy roadmap. The National Green Hydrogen Mission aims to position India as a global hub for production, usage, and export of green hydrogen and its derivatives. The Board of DDEL stated that this partnership is expected to unlock long-term shareholder value and establish the company as a significant player in the clean energy sector.
