DEE Development Engineers reports robust growth in Q2 FY26

DEE Development Engineers Limited reported a substantial 39.2% year-on-year growth in operating income, reaching ₹27,000 Lakhs for Q2 FY26, alongside a 47.9% increase in operating EBITDA to ₹4,406 Lakhs, with margins expanding to 16.3%. For H1 FY26, revenue from operations grew 30.3% year-on-year to ₹49,376 Lakhs, and operating EBITDA rose 46.4% to ₹7,993 Lakhs, with margins at 16.2%. The company's production capacity at its Anjar facility reached 30,000 MT on September 8, 2025, with a 7,000 MT Seamless Pipe Plant on track for commissioning by Q3 FY26, enhancing backward integration and cost competitiveness.

The company secured new orders worth ₹170 Crores from thermal power players, with a robust order book of ₹1,308 Crores as of September 30, 2025. Although Q2 FY26 PAT stood at ₹1,786 Lakhs, the year-on-year decline was attributed to an exceptionally high other income of ₹1,598 Lakhs in Q2 FY25 from non-recurring items. Adjusting for this, the normalized Q2 FY25 operating PBT would have been ₹1,016 Lakhs, reflecting a 69% growth in underlying operational profitability compared to ₹1,717 Lakhs in Q2 FY26.

The board of directors approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, on November 4, 2025. The results, reviewed by the audit committee, align with SEBI Listing Regulations, 2015, and are accessible on the company’s website.