Press Release about the outcome of Financial results for Quarter & Financial Year ended 31st March 2026.
DEEDEV · price
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DEE Development Engineers reported strong FY26 results with revenue of ₹1,142 crore, up 38% YoY, driven by robust execution in the piping segment for oil & gas and power sectors. Operating EBITDA surged 54.5% to ₹191.2 crore with margins expanding 178 bps to 16.7%. PAT jumped 76.9% to ₹77.2 crore, while diluted EPS grew 67.5% to ₹11.14. The order book stood at ₹1,940 crore as of March 2026, up 57.9% YoY. Q4 FY26 PAT declined 12.2% YoY to ₹27.7 crore due to a one-time labour code liability of ₹1.9 crore. The company also secured a capacity reservation agreement with an international EPC company for HRSG pipe spool fabrication worth US$ 15.27 million annually from June 2027.
The strong 38% revenue growth and 77% PAT growth reflect healthy execution and operational leverage. The robust order book of ₹1,940 crore provides strong revenue visibility. Expanding EBITDA margins and a new seamless pipe plant ramp-up signal improving profitability trajectory.