News Earnings DEE Development Engineers Corrects Q3FY26 Investor Presentation Under SEBI RegulationsDEE Development Engineers Corrects Q3FY26 Investor Presentation Under SEBI Regulations
DEE Development Engineers issued a regulatory filing correcting inadvertent errors in its Q3FY26 investor presentation, specifically adjusting Operating EBITDA for a ₹4.20 crore one-time labor code liability. Despite the correction, the company maintained exceptional performance with 77% YoY revenue growth and significant profitability turnaround from losses to substantial profits.
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DEE Development Engineers Limited announced that its Board of Directors has approved the unaudited financial results for Q3FY26 and nine-month period ended December 31, 2025, in compliance with SEBI Listing Regulations. The integrated process piping solutions provider reported exceptional performance with significant growth across all key financial metrics.
Board Meeting and Regulatory Compliance
The Board of Directors meeting held on February 3, 2026, considered and approved the unaudited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2025. The results have been reviewed by the Audit Committee and approved by the Board, with statutory auditors conducting a limited review. The meeting commenced at 10:30 AM and concluded at 1:10 PM.
| Meeting Details: | Information |
|---|---|
| Meeting Date: | February 3, 2026 |
| Duration: | 10:30 AM to 1:10 PM |
| Compliance: | Regulations 30 and 33 of SEBI LODR |
| Review Status: | Audit Committee reviewed, Board approved |
Investor Presentation Correction
On February 5, 2026, the company filed a rectification notice under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, addressing inadvertent errors in the investor presentation for Q3FY26. Company Secretary and Compliance Officer Ranjan Kumar Sarangi communicated the corrections to BSE Limited and National Stock Exchange of India Limited.
| Correction Details: | Information |
|---|---|
| Filing Date: | February 5, 2026 |
| Regulation: | SEBI LODR Regulation 30 |
| Error Location: | Slides 13 and 27 |
| Adjustment: | Operating EBITDA for labor code liability |
| Amount Corrected: | ₹4.20 crore one-time liability |
The corrections involved adjusting Operating EBITDA for the one-time liability of ₹4.20 crore on account of new labor code in both December 2025 quarter and nine-month period. The footnote regarding EBITDA loss from core business was corrected to read ₹6.40 crore.
Strong Q3FY26 Financial Performance
The company delivered impressive revenue growth during Q3FY26, driven by healthy execution momentum in the Piping & Fittings segment and strong supplies to the Oil & Gas sector. The revenue performance reflects enhanced business execution capabilities and strengthened market demand.
| Revenue Metrics: | Q3FY26 | Q3FY25 | YoY Growth |
|---|---|---|---|
| Consolidated Revenue: | ₹286.67 crore | ₹162.00 crore | 77.0% |
| Standalone Revenue: | ₹226.11 crore | ₹104.30 crore | 116.8% |
| Quarter-on-Quarter Growth: | ₹286.67 crore | ₹270.00 crore | 6.2% |
Exceptional Profitability Turnaround
DEE Development Engineers achieved remarkable profitability improvements, with the company successfully transforming its financial position from losses to substantial profitability. The consolidated results show a significant turnaround in net profit.
| Profitability Metrics: | Q3FY26 | Q3FY25 | Performance |
|---|---|---|---|
| Consolidated PAT: | ₹185.54 crore | Loss of ₹133.27 crore | Turnaround to profit |
| Standalone PAT: | ₹155.08 crore | Loss of ₹135.33 crore | Strong recovery |
| Consolidated EPS (Diluted): | ₹2.67 | Loss of ₹2.08 | Significant improvement |
| Standalone EPS (Diluted): | ₹2.23 | Loss of ₹2.11 | Positive turnaround |
Nine-Month Performance Highlights
The nine-month performance for FY26 demonstrates sustained growth momentum across revenue and profitability metrics, indicating consistent operational excellence throughout the financial year.
| Nine-Month Metrics: | 9M FY26 | 9M FY25 | YoY Growth |
|---|---|---|---|
| Consolidated Revenue: | ₹780.43 crore | ₹541.00 crore | 44.3% |
| Standalone Revenue: | ₹611.48 crore | ₹397.36 crore | 53.9% |
| Consolidated PAT: | ₹494.92 crore | ₹121.00 crore | 309.0% |
| Standalone PAT: | ₹359.39 crore | Loss of ₹60.28 crore | Strong turnaround |
Regulatory and Operational Updates
The company reported a one-time operational impact of ₹42.18 crore (consolidated) and ₹34.66 crore (standalone) due to implementation of new labor codes, classified as exceptional items. The corrected investor presentation now properly reflects the ₹4.20 crore adjustment in Operating EBITDA calculations for this labor code liability.
The results also reflect ongoing legal proceedings regarding tariff disputes with Punjab State Power Corporation Limited, with the Hon'ble High Court of Punjab and Haryana staying the regulatory commission's order. The revised financial presentation and results are available on the company's website at www.deepiping.com and on BSE and NSE websites for stakeholder reference.
Historical Stock Returns for DEE Development Engineers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.54% | +14.29% | +2.89% | -17.93% | -20.59% | -35.58% |
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