Construction & Engineering company DEE Development Engineers announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from operations for Q4FY26 stood at Rs 361.57 crore, representing an increase of 26.13% QoQ from Rs 286.67 crore in Q3FY26 and a growth of 26.26% YoY compared to Rs 286.37 crore in Q4FY25. Total income for the quarter Q4FY26 was Rs 363.32 crore, compared to Rs 292.30 crore in Q3FY26 (up 24.30% QoQ) and Rs 288.97 crore in Q4FY25 (up 25.73% YoY). Profit for the period (PAT) in Q4FY26 reached Rs 27.68 crore, marking a 49.16% increase QoQ from Rs 18.55 crore, although it saw a decline of 12.15% YoY from Rs 31.51 crore. For the full year FY26, Revenue from operations grew by 38.03% YoY to Rs 1,142.00 crore from Rs 827.36 crore in FY25. The annual Total income for FY26 reached Rs 1,158.64 crore, a 36.59% growth over Rs 848.26 crore in FY25. Net profit for FY26 stood at Rs 77.17 crore, showing a significant growth of 76.87% YoY from Rs 43.63 crore in the previous year. Standalone Financial Highlights: Revenue from operations for Q4FY26 was Rs 307.08 crore, vs Rs 226.11 crore in Q3FY26 (up 35.81% QoQ) and Rs 241.51 crore in Q4FY25 (up 27.15% YoY). Profit for the period (PAT) for the quarter Q4FY26 stood at Rs 20.28 crore, compared to Rs 15.51 crore in Q3FY26 (up 30.75% QoQ) and Rs 29.38 crore in Q4FY25 (down 30.97% YoY). For the full year FY26, standalone Revenue from operations increased by 43.78% YoY to Rs 918.56 crore compared to Rs 638.87 crore in FY25. Standalone Net profit for FY26 grew by 140.77% YoY to Rs 56.22 crore from Rs 23.35 crore in the previous year. Business Highlights: Segment Wise Performance (Consolidated Revenue): Piping division: Revenue for FY26 stood at Rs 1,009.40 crore, compared to Rs 702.43 crore in FY25. Power division: Revenue for FY26 was Rs 58.84 crore, vs Rs 83.87 crore in FY25. Heavy fabrication: Revenue for FY26 reached Rs 80.49 crore, compared to Rs 50.64 crore in FY25. Acquisition: During the year, the Company invested Rs 6.59 crore to acquire a 70% shareholding in Molsieve Designs Limited and recognized a goodwill of Rs 6.03 crore in its consolidated financial statements. Audit Qualification Note: The consolidated financial results include assets of Rs 47.62 crore pertaining to Malwa Power Private Limited (MPPL), a wholly-owned subsidiary. Management has not carried out an impairment assessment of this subsidiary following the expiry of its Power Purchase Agreement (PPA) on April 27, 2025. Krishan Lalit Bansal, Chairman & Managing Director, DEE Development Engineers said: “During FY26, we delivered a strong set of operating and financial results, with healthy growth in revenue, Operating EBITDA, and PAT, driven by robust execution in our piping segment catering to the oil & gas and power sector. At a macro level, India’s capital expenditure cycle is gaining momentum, with corporates across infrastructure, energy, and industrial segments expected to significantly ramp up investment in plant and equipment supporting demand for project delivery and capacity expansion. In our core business, the commencement of seamless pipe plant marks a key milestone in our growth trajectory strengthening our capabilities and capacity, expanding our presence in high-growth segments. As utilisation ramps up, the plant is expected to support operating leverage and margin improvement. The ramp-up of the 7,000 MTPA seamless pipe plant and the 30,000 MTPA Anjar pipe fabrication unit is expected to drive operating leverage and improve overall efficiencies. Margins in the core business are expected to benefit from a favorable shift in the power mix, leading to better cost efficiencies. We continue to maintain a robust order book of Rs 1,940 crore, providing strong revenue visibility and a healthy project pipeline across key segments, which underpins sustained execution momentum in the quarters ahead. In the non-core power generation segment, the tariff revision at Malwa Power to Rs 5.22 per kWh (from Rs 3.50) marks a meaningful improvement in revenue visibility, along with a retrospective recovery of ~Rs 5.80 crore. The business is expected to generate ~Rs 80 crore in FY27 from power and biomass pellets combined. Our biomass pellet facility recently became operational, which is expected to offset the current cash burn, stabilize segment profitability, and support margin improvement going forward. The Company continues to evaluate an APTEL appeal for further tariff optimization, while progressing restructuring initiatives to enhance long-term sustainability and operational efficiency. Additionally, we are delighted to announce the recent entry into a Reservation Agreement with an international EPC company to reserve 60% of our total HRSG pipe spool fabrication capacity, with a minimum annual job value of US$ 15.27 million. As a leading player in engineering and piping solutions, Dee Development Engineers leverages deep technical expertise, rich industry experience, and a proven track record of successfully executing complex projects across diverse geographies. With a strong footprint across energy, infrastructure, and industrial end markets, we remain confident in our ability to deliver sustainable growth and create long term value for our stakeholders in the quarters ahead. Further, improving cash flows and operating performance are expected to support gradual reduction in debt levels going forward.” Result PDF