DEE Development Engineers Limited — Updates, 11-11-2024: Press Release

DEE Development Engineers Limited (DDEL) reported robust financial growth for Q2 FY25, with Total Income increasing by 12.8% year-on-year to ₹21,000 Lakhs and a substantial rise in PAT by 125.2% YoY to ₹2,226 Lakhs. EBITDA saw an impressive growth of 45.3% YoY, reaching ₹4,578 Lakhs, supported by a healthy EBITDA margin of 21.8%. For H1 FY25, Total Income stood at ₹39,818 Lakhs, marking a 15.2% increase YoY, while PAT soared to ₹2,545 Lakhs, reflecting a 379.4% surge.

The company is strategically expanding its production capabilities with the New Anjar Facility II, which will enhance capacity from 6,000 MT to 15,000 MT, targeting the Oil and Gas sector. Additionally, DDEL plans to establish a new seamless pipe manufacturing plant, involving a capital expenditure of ₹9,000 Lakhs, aiming to cater to critical industrial requirements. This proactive expansion aligns with the increasing demand in the power and oil & gas sectors, suggesting a positive outlook and potential growth for investors.