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View Claim Ledger →DEE Development Engineers Limited — Q3 FY26
DEE Development Engineers delivered a strong Q3 FY26 with revenue of 286.7 crore (up 77% YoY) and EBITDA of 47.6 crore (up 741% YoY), driven by robust execution in the core piping and fabrication business.
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DEE Development Engineers delivered a strong Q3 FY26 with revenue of 286.7 crore (up 77% YoY) and EBITDA of 47.6 crore (up 741% YoY), driven by robust execution in the core piping and fabrication business. Core business EBITDA for 9M FY26 stood at 129.8 crore, up 175.5% YoY, reflecting improved capacity utilization and operating leverage. The Anara facility is fully operational and the seamless pipe plant (7,000 TPA, capex ₹90 crore) is nearing commissioning, expected to generate peak revenue of ₹450 crore with 30-35% IRR. Management reiterated core business margin guidance of 18-20% for FY27, supported by a strong order pipeline (₹1,300 crore order book) and L1 positions worth ₹300-400 crore. The non-core power segment remains a drag (₹36 crore loss expected in FY26), but biomass pellet plant commissioning should make it EBITDA-neutral from FY27. Key risk: further adverse tariff revisions or delays in power segment resolution could prolong cash drain.
डीईई डेवलपमेंट इंजीनियर्स ने तीसरी तिमाही में शानदार प्रदर्शन किया। कंपनी की कमाई 286.7 करोड़ रुपये रही, जो पिछले साल से 77% ज्यादा है। मुनाफा (EBITDA) 47.6 करोड़ रुपये रहा, जो 741% बढ़ा। यह पाइप और फैब्रिकेशन कारोबार में अच्छे काम की वजह से हुआ। 9 महीने में मुख्य कारोबार का मुनाफा 129.8 करोड़ रुपये रहा, जो 175.5% ज्यादा है। अनारा फैक्ट्री पूरी तरह चालू है और नया सीमलेस पाइप प्लांट जल्द शुरू होगा। इससे 450 करोड़ रुपये की अतिरिक्त कमाई होने की उम्मीद है। कंपनी का ऑर्डर बुक 1,300 करोड़ रुपये का है। बिजली कारोबार में 36 करोड़ का नुकसान हो सकता है, लेकिन बायोमास प्लांट से अगले साल यह घाटा खत्म हो जाएगा।
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Core Business EBITDA (9M FY26)
₹129.8 Cr
+175.5% YoY
Core business EBITDA for 9 months FY26, excluding non-core power segment losses.
Order Book
₹1,300 Cr
N/A
Order book as of December 31, 2025, providing strong multi-year revenue visibility.
Seamless Pipe Plant Peak Revenue
₹450 Cr
N/A
Expected annual revenue at optimal utilization of the new seamless pipe plant.
Power Segment Loss (FY26E)
₹36 Cr
N/A
Estimated full-year loss from non-core power division due to tariff revision.
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Guidance and risk preview
Management reiterated guidance of 18-20% EBITDA margin for the core business in FY27, excluding non-core power segment losses.
The power division faces adverse tariff revisions (from ₹8.5 to ₹3.5 per unit for Balwa plant) with final orders pending; further delays or unfavor...
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