DEE Development Engineers Q4FY26 Results: Revenue up 26.3%, PAT up 77% to ₹77.2 Cr
DEE Development Engineers reported FY26 revenue of ₹1,142 crore (up 38% YoY) and PAT of ₹77.2 crore (up 77% YoY). Q4FY26 revenue was ₹361.6 crore (up 26.3% YoY). The company's order book stands at ₹1,940 crore. Key milestones include the Anjar facility ramp-up and the seamless pipe plant commencement. A new CFO, Mr. Brham Prakash Yadav, was appointed.
The announcement includes significant financial performance improvements, strategic capacity enhancements, new order wins, and a clear vision for future growth, all of which are material to investors.
The company reported strong year-on-year growth in revenue and profit, alongside a robust order book and strategic capacity expansions. The management commentary also reflects optimism about future growth.
DEE Development Engineers Limited has announced its financial results for the quarter and year ended March 31, 2026. The company reported a consolidated revenue from operations of ₹1,142 crore for FY26, marking a significant 38% year-on-year growth. Operating EBITDA for the full year stood at ₹189.3 crore, an increase of 53% YoY, with a margin of 16.6%. Profit After Tax (PAT) for FY26 surged by 77% to ₹77.2 crore, compared to ₹43.6 crore in FY25, with a PAT margin of 6.8%.
For the fourth quarter of FY26, revenue from operations was ₹361.6 crore, up 26.3% YoY. Operating EBITDA for the quarter was ₹65.9 crore, a marginal increase of 3.8% YoY, while PAT stood at ₹27.7 crore, a decrease of 12.2% YoY. The company's order book closed at ₹1,940.07 crore as of March 2026, indicating strong revenue visibility.
Key strategic developments include the commissioning of the Anjar facility to 30,000 MTPA and the commencement of commercial production at India's first Seamless Pipe Plant. The company also signed a Green Hydrogen clean-tech partnership. In terms of orders, DEE secured ₹170 crore in domestic power orders, a USD 40 million+ Letter of Intent (LOI) for global OEM supply chains, and ₹173 crore in multi-geography orders.
Management commentary highlighted a strong set of operating and financial results driven by robust execution in the piping segment. The commencement of the seamless pipe plant is seen as a key milestone for strengthening capabilities and capacity. The company expects the ramp-up of the seamless pipe plant and the Anjar pipe fabrication unit to drive operating leverage and improve efficiencies. The non-core power generation segment saw a tariff revision for the Malwa Power plant to ₹5.22 per kWh, with a retrospective recovery of approximately ₹5.14 crore. The business is expected to generate around ₹80 crore in FY27 from power and biomass pellets combined. A Reservation Agreement was also signed with an international EPC company for 60% of its HRSG pipe spool fabrication capacity, with a minimum annual job value of US$ 15.27 million.
DEE Development Engineers aims to achieve ₹2,500 crore in revenue with 20% margins by FY30, projecting a revenue CAGR of approximately 22% and an Op. EBITDA CAGR of around 26% from FY26 to FY30.
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