Construction & Engineering company DEE Development Engineers announced Q3FY25 results Total income at Rs 16,111 lakh for Q3FY25, registering a degrowth of 24.1% YoY. EBITDA at Rs 477 lakh in Q3FY25, down by 85.3% YoY. EBITDA Margin stood at 3.0%. PAT stood at Rs (1,333) lakh in Q3FY25, compared to Rs 903 lakh in the previous quarter last year. Diluted EPS stood at Rs (2.08) in Q3FY25 as against Rs 1.70 in Q3FY24. Krishan Lalit Bansal, Chairman, DEE Development Engineers, said: “We acknowledge that the financial performance for the recent quarter has been weak, with Total Income decreasing by 24.1% YoY to Rs 16,111 lakh. However, our order book remains strong, reaching Rs 1,39,372 lakh as of December 31, 2024, compared to Rs 1,19,213 lakh as of September 30, 2024. EBITDA has declined by 85.3% YoY to Rs 477 lakh, resulting in an EBITDA margin of 3.0% for Q3FY25, down from 15.3% in Q3FY24. The company’s Profit After Tax for Q3FY25 stood at Rs (1,333) lakh, reflecting a decline of 247.6% YoY. The weak performance this quarter can be attributed to the underutilization of capacity at our Palwal facility, which had been allocated for a significant order from one of India’s leading Oil & Gas companies. This Rs 13,900 lakh project involves the establishment of India’s first Propane Dehydrogenation (PDH) Plant. As this is the first project of its kind in the country, there has been a six-month delay in obtaining drawings and material approvals, impacting the overall execution timeline. While the order was awarded in October 2023, it was initially expected to be completed by March 31, 2025. Additionally, another international order, valued over Rs 5,100 lakh, faced a delay due to late revisions in material specifications by the customer, resulting in execution being pushed to Q4’FY25 instead of Q3’FY25. As previously committed, we are pleased to report that we successfully expanded capacity at our New Anjar Facility II by 9,000 MT per annum in end January 2025, which strengthens our growth prospects moving forward. Furthermore, we remain on track to increase capacity by an additional 15,000 MT per annum by October 2025. We are also pleased to announce that the setup of our high-wall seamless thickness pipe plant is progressing as planned. We remain on schedule to commence commercial production by January 2026. We continue to optimize our operations and seize emerging market opportunities. Our focus remains on maintaining capital discipline, investing in new technologies, and upholding sustainable business practices. Given the prevailing market uncertainties, we will closely monitor economic trends and adjust our strategy to drive long-term value for all stakeholders. We appreciate your continued trust and support, and we look forward to achieving new milestones together.” Result PDF