DEE Development Engineers Q2 FY27 PAT ₹23.5 Cr, Up 31.8% YoY

DEE Development Engineers reported unaudited financial results for the quarter and half-year ended September 30, 2026. For Q2 FY27, the company posted a Profit After Tax (PAT) of ₹23.5 crore, a 31.8% increase year-on-year, with a PAT margin of 8.0%. Revenue from operations grew 8.5% YoY to ₹293.0 crore, driven by the Piping & Fittings segment. Operating EBITDA rose 33.7% YoY to ₹58.9 crore, with margins at 20.1%. For H1 FY27, revenue was ₹587.4 crore (up 19.0% YoY) and PAT was ₹39.5 crore (up 27.8% YoY). The company's order book stood at ₹2,531 crore as of September 30, 2026, a 93.5% increase YoY. Key operational highlights include progress on building the nuclear piping business through an EPC tie-up and an advanced global JV discussion, alongside a credit rating upgrade by CareEdge to CARE A; Stable. Finance costs declined QoQ after debt repayment.