DEE Development Engineers Q2 profit rises 32% to Rs 23 cr

DEE Development Engineers Ltd (DDEL) on Saturday reported 31.8 per cent rise in consolidated profit at Rs 23.45 crore for the quarter ended September 30, 2026.

The company had posted a profit of Rs 17.79 crore in the year-ago period.

Revenue from operations during the second quarter rose to Rs 292.98 crore from Rs 269.99 crore in the year-ago period, DDEL said in a filing to BSE.


The revenue growth was on account of healthy execution in the piping and fittings segment, led by steady supplies to the power sector.

"Crucially, our strategic pivot into the high-margin nuclear piping sector is accelerating, with our dedicated nuclear joint venture now advancing toward financial closure. Coupled with the fully operational 7,000-tonne seamless pipe capacity at our Anjar facility, these milestones fast-track our import substitution strategy.

"Supported by this robust macro environment and accelerating order inflows in these high-value new areas, we remain firmly on track to achieve our stated FY27 revenue guidance of Rs 1,500 crore. We are moving beyond conventional piping to manufacture and deliver highly engineered, backward- integrated solutions for India's most demanding energy infrastructure," Chairman & Managing Director Krishan Lalit Bansal said.

DDEL is an engineering company providing customised process piping solutions in India in terms of installed capacity, with strategically located state-of-the-art manufacturing facilities.

It provides specialised process piping solutions for industries such as oil and gas, power (including nuclear), process industries and chemicals through engineering, procurement and manufacturing services.