DEE Development Engineers reports robust Q2 FY26 performance, expands capacity

DEE Development Engineers Limited reported a robust performance for Q2 FY26, with revenue from operations reaching 2,700 million, a 39.2% year-on-year increase. Operating EBITDA grew 47.9% year-on-year to 441 million, with margins expanding to 16.3%, driven by efficiency gains and better fixed cost absorption at its Anjar facility. PAT stood at 179 million, with underlying operational profitability reflecting a 69% growth. For H1 FY26, revenue was 4,938 million, up 30.3%, and operating EBITDA increased 46.4% to 799 million, with margins improving to 16.2%.

The company maintains a healthy order book of 1,308 crores as of September 30, 2025, securing 170 crores in new orders from a leading thermal power player during the quarter. The Anjar facility's 15,000 metric tons of process piping solutions capacity was commissioned in September 2025, doubling total installed capacity to 30,000 metric tons per annum. The 7,000 metric ton seamless pipeline is on track for commercial production by January 2026.

Despite a slight dip in EBITDA margins due to power tariff adjustments, the company anticipates an EBITDA margin range of 16% to 18% for the full year and aims for 18% to 20% in the future. The company expects significant order inflows from the power and oil & gas sectors in FY26 and FY27, targeting an order book of around 1,600 crores by April 2027.