News Earnings DEE Development Engineers Rectifies Independent Auditor's Review Report for Q3FY26 Financial ResultsDEE Development Engineers Rectifies Independent Auditor's Review Report for Q3FY26 Financial Results
DEE Development Engineers Limited rectified its Q3FY26 Independent Auditor's Review Report by adding the missing UDIN, with no changes to financial data. The company reported strong consolidated revenue growth of 77.0% to ₹28,666.77 lacs and achieved profitability turnaround with net profit of ₹1,855.42 lacs compared to previous year loss of ₹1,332.68 lacs.
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DEE Development Engineers Limited has submitted a rectified Independent Auditor's Review Report for its Q3FY26 unaudited financial results to stock exchanges, addressing a technical compliance issue while maintaining all original financial data unchanged.
Rectification Details
The company filed the corrected auditor's review report on February 11, 2026, after discovering that the UDIN (Unique Document Identification Number) was inadvertently omitted from the original filing submitted on February 3, 2026. The rectification specifically addresses this technical oversight without altering any financial information.
| Parameter: | Details |
|---|---|
| Original Filing Date: | February 3, 2026 |
| Rectification Date: | February 11, 2026 |
| Issue: | Missing UDIN in auditor's report |
| Financial Impact: | No changes to figures or disclosures |
The company emphasized that no other information, figures, disclosures, or financial results have been altered, rectified, modified, or omitted in the revised submission.
Q3FY26 Consolidated Financial Performance
The company's consolidated financial results for the quarter ended December 31, 2025, demonstrate significant growth across key metrics compared to the previous year.
| Metric: | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹28,666.77 lacs | ₹16,200.27 lacs | +77.0% |
| Total Income: | ₹29,230.09 lacs | ₹16,111.09 lacs | +81.4% |
| Profit Before Tax: | ₹2,025.07 lacs | ₹(1,747.87) lacs | Positive turnaround |
| Net Profit: | ₹1,855.42 lacs | ₹(1,332.68) lacs | Positive turnaround |
| Basic EPS: | ₹2.68 | ₹(2.08) | Positive turnaround |
Standalone Financial Results
The standalone financial performance also showed robust improvement, with the company achieving profitability after the previous year's losses.
| Metric: | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹22,610.91 lacs | ₹10,430.23 lacs | +116.8% |
| Profit Before Tax: | ₹1,762.15 lacs | ₹(1,768.70) lacs | Positive turnaround |
| Net Profit: | ₹1,550.79 lacs | ₹(1,353.28) lacs | Positive turnaround |
| Basic EPS: | ₹2.24 | ₹(2.11) | Positive turnaround |
Segment Performance Analysis
The company operates across multiple business segments, with the piping division being the primary revenue contributor.
Consolidated Segment Revenue (Q3FY26):
- Piping Division: ₹24,365.62 lacs
- Heavy Fabrication: ₹3,110.48 lacs
- Power Division: ₹1,214.63 lacs
- Unallocated: ₹317.84 lacs
Regulatory Compliance and Auditor Information
The rectified auditor's review report includes the corrected UDIN: 26096333PAVBCP7425 for consolidated results and 26096333CUOTQD5331 for standalone results. S.R. Batliboi & Co. LLP served as the statutory auditors, with Partner Rajeev Sawhney (Membership No.: 096333) signing the reports.
The company confirmed that the revised financial results are available on its website at www.deepiping.com and will be accessible through BSE and NSE websites as per regulatory requirements.
Historical Stock Returns for DEE Development Engineers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +15.35% | +29.37% | +39.88% | -6.54% | +43.85% | -20.70% |
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