DEE Development’s Net Profit Jumps 125% YoY In Q2FY25

DEE Development Engineers or DDEL, a company engaged in the Process Piping Solutions, has witnessed a 12.8 per cent year-on-year (YoY) rise in its total income in the second quarter of the current financial year (Q2FY25) as it increased from Rs 186.17 crore in Q2FY24 to Rs 210 crore in Q2FY25.

As per the company’s unaudited financial results, it net profit (profit after tax) in the quarter increased to Rs 22.26 crore in Q2FY25 from Rs 9.89 crore in Q2FY24, registering a 125.2 per cent YoY rise. The net profit margin was 10.6 per cent in Q2FY25 as compared to 5.3 per cent in Q2FY24.

“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,” stated Krishan Lalit Bansal, Chairman of the company.

The earnings before interest, tax, depreciation and amortisation (EBITDA) for the company stood at Rs 45.78 crore for the recently concluded quarter as compared to Rs 31.51 crore, marking a 45.3 per cent YoY rise. The EBITDA margin for Q2FY25 was 21.8 per cent as compared to 16.9 per cent in Q2FY24.

As per the company, the order book as on 30th September 2024 stood at Rs 1,192.13 crore as against Rs 800.09 crore as on 30 June 2024. The diluted earnings per share (EPS) was Rs 3.60 in Q2FY25 as against Rs 1.86 in Q2FY24.