DEE Development Engineers FY26 Revenue Jumps 38% to ₹1,142 Cr; PAT Surges 77%
DEE Development Engineers reported FY26 revenue of ₹1,142 Cr, up 38% YoY. PAT grew 77% to ₹77 Cr. The order book stands at ₹1,940 Cr. A Reservation Agreement with an international EPC company guarantees a minimum annual job value of US$ 15.27 million, effective June 2027.
The substantial financial growth, a strong order book, and a significant international agreement point towards a high positive impact on the company's future performance and investor confidence.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT, along with a significant increase in its order book. The new Reservation Agreement with an international EPC company also indicates positive future business prospects.
DEE Development Engineers Limited announced its audited financial results for the quarter and full financial year ended March 31, 2026. The company reported a significant year-on-year growth across key financial parameters. FY26 revenue stood at ₹1,142 crore, marking a 38% increase from the previous year. Operating EBITDA surged by 54.5% to ₹191.2 crore, with the EBITDA margin improving to 16.7%. Profit After Tax (PAT) grew by an impressive 76.9% to ₹77.2 crore.
The company's closing order book was ₹1,940 crore as of March 31, 2026, a substantial increase of 57.9% compared to ₹1,228 crore in the prior year. Additionally, the company holds an L1 position worth ₹211 crore.
Key operational highlights include the recent commissioning of a biomass pellet capacity, expected to offset cash burn and improve segment profitability. In the non-core power generation segment, Malwa Power's tariff was revised from ₹3.50 to ₹5.224 per kWh, with a retrospective recovery of approximately ₹5.80 crore.
A significant development is the Reservation Agreement signed with an international EPC company to reserve 60% of the total HRSG pipe spool fabrication capacity. This agreement guarantees a minimum annual job value of US$ 15.27 million and will be effective from June 1, 2027, through December 31, 2029.
Mr. Krishan Lalit Bansal, Chairman & Managing Director, expressed optimism about the company's performance and future outlook. He highlighted the robust execution in the piping segment, the positive impact of India's capital expenditure cycle, and the strategic importance of the new seamless pipe plant. The company anticipates operating leverage and margin improvement from the ramp-up of its pipe plants. In the non-core segment, the tariff revision and biomass pellet facility are expected to enhance profitability. The company also aims for gradual debt reduction supported by improving cash flows and operating performance.
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See the model portfoliosA plain-language summary of a public exchange filing by DEE Development Engineers Limited. Read the original for the full detail.