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Business Standard
11-08-2025
- 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.
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.
