DEE Development Engineers reports 314% profit surge in Q1

DEE Development Engineers Limited reported profit after tax surged 314.3% to ₹132 million in Q1 FY26, with PAT margin reaching 5.8%. Operating income grew 21% to ₹2,238 million while operating EBITDA jumped 44.7% to ₹359 million, expanding margins to 16%.

The company's Anjar facility expansion is ahead of schedule, adding 15,000 MTPA capacity by end-August to reach 30,000 MTPA total. A high-wall seamless thickness pipe plant will begin commercial production by January 2026.

DEE also announced strategic entry into the green hydrogen sector.