Press released for the 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 serving Oil & Gas and Power sectors. Operating EBITDA surged 54.5% to ₹191 crore with margin expanding 178 basis points to 16.7%. PAT jumped 77% to ₹77 crore, while diluted EPS rose 67.5% to ₹11.14. Q4 showed mixed trends with 26% revenue growth but a 12% PAT decline due to margin compression. The order book stood at ₹1,940 crore, up 58% YoY. A new reservation agreement with an international EPC company secured 60% of HRSG pipe spool capacity at minimum US$ 15.27 million annually from June 2027. Malwa Power tariff was revised upward by 49% to ₹5.22 per kWh with retrospective recovery of ₹5.80 crore.
The company delivered exceptional full-year growth across all metrics with margin expansion, indicating strong operational leverage. The robust order book and new capacity reservation agreement provide revenue visibility through 2029. Q4 PAT decline warrants monitoring but appears one-time in nature given the strong FY26 full-year performance.