DEE Development Engineers Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

DEE Development Engineers has announced a board meeting on approval of audited consolidated financial results. Consolidated revenue rose to ₹827.36 Cr from ₹788.76 Cr, with PAT jumping to ₹43.63 Cr against ₹26.21 Cr last year. Growth was driven by the piping division’s strong EBIT of ₹78.16 Cr. The power division faced tariff cuts on biomass power by Punjab regulators, impacting Malwa Power Pvt Ltd and leading to an audit note on asset valuation. Management is exploring legal and strategic options. IPO funds were fully used for debt repayment and corporate needs, while cost controls helped sustain profit growth.