DEE Development Engineers Ltd (NSE:DEEDEV)

Q2 2026 DEE Development Engineers Ltd Earnings Call Transcript

Nov 7, 2025 / 03:00 AM GMT

Transcript

Key Points

Positve

DEE Development Engineers Ltd (NSE:DEEDEV) reported a robust revenue growth of 39.2% year-on-year for Q2 FY26, reaching 2,700 million.
The company's operating EBITDA increased by 47.9% year-on-year to 441 million, with margins expanding to 16.3%.
The company successfully commissioned an additional 15,000 metric tons of process piping solutions capacity, doubling its production capabilities.
A healthy order book of 1,308 crore as of September 30, 2025, supported by strong traction across power, oil and gas, and process industries.
The seamless pipe plant is progressing as planned and is expected to commence commercial production by January 2026, enhancing backward integration and cost efficiency.

Negative

The company's PAT margin fell to 6.5% due to an exceptionally higher other income in the previous year, impacting year-on-year comparisons.
The cash conversion cycle remains high at 243 days, inherent to the nature of the business, which could affect liquidity.
There is a potential downside risk to revenue and profitability due to revised tariffs for biomass power plants.
Order inflows from the oil and gas sector have been lower than expected in the first half of the fiscal year.
The company has suspended a proposed equity fundraise due to strengthened cash inflows and new credit limits, which might limit future capital raising flexibility.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DEEV.NS - DEE Development Engineers Ltd
Q2 2026 DEE Development Engineers Ltd Earnings Call
Nov 08, 2025 / 03:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Development Engineers Limited 2QFR 26 earnings conference call hosted by Equirus Securities Private Limited. As a reminder, all participants' plans will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing 0 on your touchstone phone. Please note that this conference has been recorded. I now hand the conference over to Mr. Weibo Shah.

Thank you and over to you, sir.

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Unidentified_2 [2]
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