DEE Development Engineers Limited has reported robust financial results for the first quarter, showcasing significant growth across key metrics.

Revenue and Profit Surge

The company's consolidated revenue from operations reached Rs 2,237.58 crore in Q1, marking a substantial 21% increase from Rs 1,849.69 crore in the same quarter last year. This growth was primarily driven by strong performance in the piping division and heavy fabrication segment.

DEE Development's consolidated net profit saw an impressive surge, rising to Rs 131.39 crore from Rs 31.86 crore year-over-year, representing a remarkable 312% increase. This significant profit growth underscores the company's operational efficiency and market strength.

Operational Performance

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew to Rs 359.00 crore from Rs 248.00 crore in the corresponding quarter of the previous year. Notably, the EBITDA margin improved to 16.03% from 13.40%, indicating enhanced operational efficiency.

Segment-wise Performance

The piping division emerged as the primary growth driver, with a significant 29.3% year-on-year increase in revenue. However, the power division experienced a decline, which the company attributes to ongoing regulatory challenges in the sector.

Strategic Developments

During the quarter, DEE Development acquired a 70% stake in Molsieve Designs Limited for Rs 6.59 crore, expanding its portfolio and capabilities in the engineering sector. This strategic move is expected to contribute to the company's future growth and diversification efforts.

Management Commentary

Krishan Lalit Bansal, Chairman and Managing Director of DEE Development Engineers Limited, commented on the results: "Our strong Q1 performance reflects the resilience of our business model and the successful execution of our growth strategies. The significant improvements in revenue and profitability demonstrate our ability to capitalize on market opportunities while maintaining operational excellence."

Outlook

While the company has shown impressive growth, it faces challenges in its power division, particularly with ongoing regulatory issues. DEE Development is actively working to address these challenges and is optimistic about maintaining its growth trajectory in the coming quarters.

The company's board has also approved the re-appointment of various auditors, including M/s. Singhi & Co. as Internal Auditors and M/s. JSN & Co. as Cost Auditors, ensuring continued robust financial oversight.

As DEE Development Engineers Limited continues to strengthen its market position and explore new growth avenues, investors and industry observers will be keenly watching its performance in the subsequent quarters.

DEE Development Engineers Limited , a multi-segment industrial player, has disclosed its order book status for July 2025, revealing a slight contraction in its overall order book value. The company, known for its operations in power, oil & gas, and heavy fabrication sectors, reported a decrease in its total order book from ₹1,261.64 crores at the beginning of July to ₹1,226.66 crores by month-end.

Order Book Dynamics

During July 2025, DEE Development Engineers saw new order inflows of ₹53.96 crores, while executions amounted to ₹88.93 crores. This resulted in a net decrease of ₹34.98 crores in the order book value. The cumulative order inflow for the fiscal year 2025-26 stands at ₹318.42 crores, closely matched by cumulative executions of ₹319.91 crores.

Segment-wise Performance

The company's order book is diversified across multiple segments:

The oil & gas segment continues to dominate the order book, accounting for approximately 76.8% of the total value. The power segment, including operations in India and Thailand, represents about 15% of the order book.

Tariff Revisions in Power Generation

DEE Development Engineers also reported significant updates regarding tariff revisions for its power generation business:

• The company's power division received a revised tariff of ₹5.26 per unit.
• Malwa Power, a subsidiary, was assigned a fixed tariff of ₹3.50 per unit following the expiration of its Power Purchase Agreement (PPA) on April 26, 2025.

The company has filed a review petition with the Punjab State Electricity Regulatory Commission (PSERC) to reconsider these tariffs. A hearing was held on July 23, 2025, and the commission's decision is pending.

International Operations

DEE Thailand, the company's international arm, reported mixed results:

• Power segment: Increased from ₹29.73 crores to ₹41.95 crores
• Oil & Gas segment: Decreased from ₹24.67 crores to ₹22.77 crores

Looking Ahead

As DEE Development Engineers navigates through fiscal year 2025-26, the company faces both opportunities and challenges. The slight contraction in the order book may raise concerns, but the balanced cumulative order inflow and execution figures suggest stable operational performance. The outcome of the tariff revision review could significantly impact the company's power generation business, making it a key area to watch in the coming months.

Investors and analysts will have the opportunity to gain more insights into the company's performance and strategies during the upcoming earnings conference call scheduled for August 12, 2025, where the senior management will discuss the financial results for the first quarter of FY 2025-26.