DEE Development Engineers Reports Strong Order Book and Power Sector Developments

DEE Development Engineers Limited has released its latest order book updates and announced significant developments in its power business, showcasing the company's diverse operations and growth potential.

Order Book Performance

The company has reported impressive order inflows and executions for October 2025:

Business Segment	Order Inflows (₹ Crore)	Executed Orders (₹ Crore)	Closing Order Book (₹ Crore)
Piping Systems	351.78	328.58	141.12
Heavy Fabrication	27.80	1.16	46.19

These figures demonstrate DEE Development Engineers' strong market position and execution capabilities across its business segments.

Power Business Developments

DEE Development Engineers has also announced significant updates in its power business:

Malwa Power PPA Extension: The Punjab State Electricity Regulatory Commission has extended Malwa Power's Power Purchase Agreement (PPA) for an additional 10 years. The tariff determination for this extension is scheduled for November 6, 2025.
Tariff Stay Order: In a favorable development for DEE Development Engineers, the Punjab and Haryana High Court has stayed the Punjab State Electricity Regulatory Commission's order that had revised the company's power division tariff to ₹5.88 per unit. This stay order allows DEE Development Engineers to continue supplying electricity at the prevailing tariff of ₹27.47 per unit, potentially safeguarding the company's revenue stream in the power sector.

Strategic Acquisition

In a move to strengthen its market position, DEE Development Engineers acquired a majority stake in Molsieve Designs Limited:

Acquisition Date: June 2025
Stake Acquired: 70% equity shares
Impact: Molsieve Designs' order book is now included in DEE Development Engineers' consolidated reporting, potentially boosting the company's overall order book value and diversifying its business portfolio.

This strategic acquisition could enhance DEE Development Engineers' capabilities and market reach, contributing to its future growth prospects.

The combination of a robust order book, favorable developments in the power sector, and strategic acquisitions positions DEE Development Engineers for potential growth and stability in the coming quarters. Investors and market watchers may want to keep a close eye on how these developments translate into the company's financial performance and market position in the future.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.22%	-5.71%	-17.01%	-27.53%	-40.75%	-39.04%

DEE Development Engineers Limited has reported a strong financial performance for the second quarter of fiscal year 2026, with significant growth in revenue and operational efficiency.

Financial Highlights

Particulars (₹ in crore)	Q2 FY26	Q2 FY25	YoY Change	H1 FY26	H1 FY25	YoY Change
Revenue from Operations	270.00	194.00	39.2%	493.80	379.00	30.3%
Operating EBITDA	44.10	29.80	47.9%	79.90	54.60	46.4%
Operating EBITDA Margin	16.3%	15.4%	96 bps	16.2%	14.4%	179 bps
Profit After Tax (PAT)	17.90	22.30	-19.8%	31.10	25.50	22.1%
PAT Margin	6.5%	10.6%	-411 bps	6.2%	6.4%	-22 bps

DEE Development Engineers Limited reported a robust performance in Q2 FY26, with revenue from operations surging by 39.2% year-on-year to ₹270.00 crore. The company's operating EBITDA showed an impressive growth of 47.9%, reaching ₹44.10 crore, with margins expanding by 96 basis points to 16.3%.

Operational Highlights

The company's growth was driven by strong demand across its key sectors:

Power Sector Traction: DEE received new orders worth ₹170 crore from leading thermal power players.
Order Book Strength: As of September 30, 2025, the company maintains a robust order book of ₹1,308 crore.
Capacity Expansion: DEE commissioned its production capacity of 30,000 MT at its Anjar facility in September 2025.

Management Commentary

Shri Krishan Lalit Bansal, Chairman & Managing Director, stated, "We are pleased to announce a very strong performance for the quarter and half year ended September 30, 2025, underscored by robust revenue growth and consistent operational execution."

He added, "The company continues to witness traction in the power sector, with new orders received of ₹170 Crores from leading thermal power players. Supported by healthy demand from the oil and gas segment and an order book of ₹1,308 Crores as on 30th September 2025, the Company remains well positioned for sustained growth."

Segment-wise Performance

Segment (₹ in crore)	Q2 FY26	Q2 FY25	YoY Change	% of Total Revenue
Piping Division	244.00	158.80	53.7%	90.4%
Power Division	11.00	21.70	-49.3%	4.1%
Heavy Fabrication	14.60	13.40	9.0%	5.4%
Gas Plants	0.40	-	-	0.2%

The Piping Division continued to be the primary revenue driver, contributing 90.4% of the total revenue and showing a significant year-on-year growth of 53.7%.

Future Outlook

With the commissioning of the 30,000 MT production capacity at its Anjar facility and the upcoming 7,000 MT Seamless Pipe Plant expected to be operational by Q3 FY26, DEE Development Engineers is well-positioned for future growth. The company's focus on execution excellence, capacity expansion, and capitalizing on emerging opportunities in the power and oil & gas sectors is expected to drive sustainable growth and long-term value for stakeholders.

DEE Development Engineers Limited's strong performance in Q2 FY26 reflects its resilience and strategic positioning in the process piping solutions market. As the company continues to expand its capabilities and order book, it remains well-equipped to capitalize on the growing demand in its key sectors.