Construction & Engineering company DEE Development Engineers announced Q1FY27 results Consolidated Financial Highlights: Revenue from Operations: For Q1FY27, revenue from operations was reported at Rs 29,446.22 lakh, marking a YoY growth of 31.59% from Rs 22,375.83 lakh in Q1FY26, and a QoQ decline of 18.56% compared to Rs 36,157.33 lakh in Q4FY26. Total Income: The consolidated total income for Q1FY27 stood at Rs 29,694.11 lakh, reflecting a 30.32% YoY increase from Rs 22,784.80 lakh in Q1FY26, and an 18.27% QoQ decrease from Rs 36,332.32 lakh in Q4FY26. Profit Before Tax: The company reported a consolidated profit before tax of Rs 2,005.43 lakh in Q1FY27, up 27.12% YoY from Rs 1,577.59 lakh in Q1FY26. On a QoQ basis, it saw a decrease of 47.06% from Rs 3,787.82 lakh in Q4FY26. Net Profit: Net profit for Q1FY27 was reported at Rs 1,608.30 lakh, a YoY growth of 22.40% compared to Rs 1,313.94 lakh in Q1FY26, and a QoQ decline of 41.89% from Rs 2,767.50 lakh in Q4FY26. Total Comprehensive Income: For Q1FY27, the total comprehensive income reached Rs 1,603.32 lakh, compared to Rs 1,359.95 lakh in Q1FY26 and Rs 2,909.75 lakh in Q4FY26. Standalone Financial Highlights: Revenue from Operations: Standalone revenue in Q1FY27 was Rs 23,849.46 lakh, representing a 40.43% YoY increase from Rs 16,983.16 lakh in Q1FY26, but a 22.33% QoQ decline from Rs 30,707.61 lakh in Q4FY26. Total Income: Total standalone income for Q1FY27 stood at Rs 24,133.10 lakh, up 40.45% YoY from Rs 17,182.69 lakh in Q1FY26, and down 22.11% QoQ compared to Rs 30,982.32 lakh in Q4FY26. Profit Before Tax: For Q1FY27, standalone profit before tax was Rs 1,414.13 lakh, a 47.53% YoY growth from Rs 958.54 lakh in Q1FY26, and a 48.21% QoQ decrease from Rs 2,730.66 lakh in Q4FY26. Net Profit: Standalone net profit for Q1FY27 reached Rs 1,052.31 lakh, reflecting a 47.45% YoY growth from Rs 713.70 lakh in Q1FY26, and a 48.11% QoQ decline from Rs 2,027.87 lakh in Q4FY26. Business Highlights: Solar Power Plant Approval: The Board approved the setting up of an 8MW Captive Behind-The-Meter Solar Power Plant at its manufacturing units in Kuthrel at an estimated cost of up to Rs 250 million. The project will be implemented in two phases, with Phase I (up to 3.2 MW) expected by FY 2028 and Phase II (up to 4.8 MW) by FY 2029. Segment Performance: Piping Division: Reported revenue of Rs 26,225.94 lakh and a segment profit of Rs 3,695.37 lakh. Power Division: Reported revenue of Rs 1,836.76 lakh and a segment loss of Rs 120.86 lakh. Heavy Fabrication: Reported revenue of Rs 1,534.93 lakh and a segment profit of Rs 367.66 lakh. Utilization of IPO Proceeds: The company utilized the entire Rs 4,400.00 million raised from its fresh issue IPO as of June 30, 2026. Rs 3,900.00 million was used for prepayment or repayment of borrowings, and Rs 224.55 million for general corporate purposes. Tariff Revision Dispute: The company is involved in a sub judice dispute with Punjab State Power Corporation Limited (PSPCL) regarding a retrospective downward revision of tariff for its 8 MW biomass plant at Abohar, Punjab. While PSERC orders had reduced the tariff, the Punjab & Haryana High Court has stayed those orders as of September 23, 2025. Subsidiary Performance - Malwa Power Private Limited (MPPL): MPPL, which operates a 6 MW biomass power plant, is facing uncertainty due to ongoing tariff determination proceedings. The consolidated results include assets worth Rs 5,082.67 lakh relating to MPPL as of June 30, 2026. Result PDF