DEE Development Engineers Ltd. Results

H1FY25 & Q2FY25 Result Announced for DEE Development Engineers Ltd.

Construction & Engineering company DEE Development Engineers announced H1FY25 & Q2FY25 results Total income at Rs 21,000 lakh for Q2FY25, registering a growth of 11.6% QoQ and 12.8% YoY. Total income at Rs 39,818 lakh for H1FY25, registering a growth of 15.2% YoY. EBITDA at Rs 4,578 lakh in Q2FY25, up 63.5% QoQ and 45.3% YoY. EBITDA Margin was at 21.8%, up by 692 basis points QoQ and 487 basis points YoY. EBITDA at Rs 7,377 lakh in H1FY25, up 54.7% YoY. EBITDA Margin was at 18.5%, up by 473 basis points YoY PAT stood at Rs 2,226 lakh in Q2FY25, up by 598.8% QoQ and 125.2% YoY. PAT Margin was at 10.6%. Diluted EPS stood at Rs 3.60 in Q2FY25 as against Rs 1.86 in Q2 FY24. PAT stood at Rs 2,545 lakh in H1FY25, up by 379.4%. PAT Margin was at 6.4%. Diluted EPS stood at Rs 4.11 in H1FY25 as against Rs 1.00 in H1FY24. Krishan Lalit Bansal, Chairman, DEE Development Engineers, said: “We are pleased to report that the company demonstrated robust growth in the quarter gone by, with Total Income increasing by 11.6% QoQ & 12.8% YoY to Rs 21,000 lakh and by 15.2% YoY in H1FY25, reaching Rs 39,818 lakh. The order book as on 30th September 2024 stood at Rs 1,19,213 lakh as against Rs 80,009 lakh as on 30th June 2024. EBITDA surged significantly, with a 63.5% QoQ & 45.3% YoY growth to Rs 4,578 lakh, and 54.7% YoY increase in H1FY25 to Rs 7,377 lakh . EBITDA Margin was at 21.8% for Q2FY25 and 18.5% for H1FY25. The company’s PAT reached Rs 2,226 lakh in Q2FY25, growing at 598.8% QoQ & 125.2% YoY, with a PAT Margin of 10.6%. For H1FY25, PAT increased by 379.4% YoY to Rs 2,545 lakh, with a PAT Margin of 6.4%. Our company remains steadfast in its dedication to automation and expanding capacity. We are currently setting up the New Anjar Facility II, which will scale our production capacity from 6,000 MT to 15,000 MT, increasing our total capacity to 1,12,500 MT. This facility will be commissioned by the end of Q3 FY25 and will play a pivotal role in reducing logistics costs, enhancing production efficiency, and lowering manpower cost. New Anjar Facility II is purpose-built to handle orders for the Oil and Gas sector, allowing our Palwal Facility to focus exclusively on the Power sector. This strategic allocation of operations will streamline logistics and optimize our supply chain, leveraging Anjar’s proximity to the Kandla Port in Gujarat. We are actively strengthening our infrastructure and capabilities to support the increasing capital expenditure in the Power and Oil & Gas sectors, positioning ourselves to meet the rising demand in these key industries. As part of this strategy, we have obtained approval from our Board of Directors to establish a plant for manufacturing seamless pipes, with an annual capacity of 7,000 tonnes, involving a capital expenditure of Rs9,000 lakh. This plant will manufacture forged seamless pipes of thicknesses up to 120 mm, using high-alloy steel and stainless steel (SS) grades. The pipes will be used in critical applications such as thermal power plants of more than 660 MW and subsea projects, where the requirement for high-quality, durable materials is critical. Thank you again for your continued trust. We look forward to this journey together.