DEE Development Engineers Limited announced its financial results for the quarter and nine months ended 31st December, 2025, reporting a significant year-over-year (YoY) growth across key parameters. For the third quarter of FY26, the company's revenue from operations stood at ₹286.7 crore, marking a substantial 77% increase from ₹162.0 crore in the same period last year. Operating EBITDA surged by 666.4% YoY to ₹43.40 crore, up from ₹5.7 crore, with the EBITDA margin improving to 15.2% from 3.5%. Profit After Tax (PAT) for the quarter grew to ₹18.6 crore, a notable turnaround from a loss of ₹13.3 crore in Q3 FY25. The company's closing order book was ₹1,302.73 crore as of December 31, 2026. The company highlighted that the Operating EBITDA for the nine-month period ended December 31, 2025, was ₹123.4 crore, a 104.8% increase YoY. This performance was achieved despite an operating EBITDA loss of ₹6.4 crore in the non-core business and a one-time liability of ₹4.2 crore on account of the new labour code. Excluding these impacts, the EBITDA would have been ₹134.0 crore with an 18.04% margin. Mr. Krishan Lalit Bansal, Chairman, commented that the strong results were driven by robust execution in the pipe and fitting segment catering to the oil & gas sector. He noted the momentum in India's capital expenditure cycle and the positive long-term impact of the new labour codes. The Anjar Pipe Fabrication Unit, operational since September 2025, is benefiting from operating leverage, and the Anjar Seamless Pipe Plant is on schedule for commercialization in the current quarter. In the non-core power generation segment, tariff revision matters are under litigation, and the company is pursuing restructuring initiatives for long-term sustainability.
