DEE Development Engineers Limited Files Transcript of Q3 FY26 Earnings Conference Call
DEE Development Engineers Limited released its Q3 FY26 earnings call transcript. Core business EBITDA grew 175.5% YoY to ₹129.8 crore in 9M FY26. Q3 FY26 revenue was ₹286.7 crore (up 77% YoY) and operating EBITDA was ₹43.4 crore (up 666.4% YoY). A new seamless pipe plant is nearing commissioning, and core business margins are projected at 18-20% for FY27.
The announcement details significant financial growth, strategic business realignments, and future expansion plans including a new plant. These factors are material and are likely to have a substantial impact on investor perception and the company's future performance.
The company reported strong financial performance with significant growth in revenue and EBITDA, driven by its core business. Strategic initiatives like the new seamless pipe plant and focus on core segments indicate a positive outlook for future growth and profitability.
DEE Development Engineers Limited has submitted the transcript of its Earnings Conference Call held on February 5, 2026, to discuss the Unaudited Financial Results for the Quarter ended December 31, 2025. The company highlighted significant growth in its core business, with core business EBITDA for 9M FY26 reaching ₹129.8 crore, a year-on-year increase of 175.5%. This growth is attributed to improved execution, better capacity utilization, and operating leverage.
The company is strategically focusing on its core segments: process piping manufacturing solutions, heavy fabrication, and others (including Molsieve acquisition). The non-core power business is being pivoted towards biomass pellet manufacturing, with plans to explore an InvIT structure to ringfence capital. The Anjar facility is now fully operational and contributing to revenue growth.
A new seamless pipe plant with a capacity of 7,000 tonnes and a CAPEX of ₹90 crore is nearing commissioning. This plant will manufacture thick-walled seamless pipes for critical applications and represents a strategic backward integration initiative. The company expects this to strengthen capabilities, improve supply security, support margins, and reduce lead times.
Financially, for Q3 FY26, revenue from operations stood at ₹286.7 crore, a 77% year-on-year growth. Operating EBITDA for the quarter was ₹43.4 crore, up 666.4% year-on-year. For 9M FY26, revenue was ₹780.4 crore (up 44.3%), and operating EBITDA was ₹123.4 crore (up 104.8%). Operating EBITDA margin improved to 15.2% in Q3 FY26 and 15.8% for 9M FY26.
Management reiterated a positive outlook, with strong demand visibility from the power, oil and gas, and process industries. The company anticipates compounding profitable growth and creating sustained long-term value, with core business margins expected to be in the 18% to 20% range in FY27. The order book as of December 31, 2025, was ₹1303 crore.
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DEE Development Engineers Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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