Q3 2026 DEE Development Engineers Ltd Earnings Call Transcript
Key Points
- DEE Development Engineers Ltd (NSE:DEEDEV) reported a strong year-on-year revenue growth of 77% for Q3 and 44.3% for the nine months of FY26.
- The company's core business EBITDA for nine-month FY26 stood at 129.8% gross, representing a year-on-year growth of 175.5%, driven by better execution and improved utilization.
- Operating EBITDA margin improved significantly to 16.6% in Q3 FY26 from 3.5% in Q3 FY25, indicating enhanced operational efficiency.
- The NRR facility is now fully operational, contributing to revenue growth and operating leverage as utilization ramps up.
- The seamless pipe plant is nearing commissioning, expected to generate peak annual revenue of around INR450 crores with an IRR of approximately 30% to 35%.
- The power segment continues to incur losses, with a tariff revision leading to a significant impact on EBITDA and PAT.
- The company faced a one-time impact of INR4.2 crore due to labor code changes, affecting the operating EBITDA.
- There is a high inventory holding due to the project-driven nature of the business, which ties up significant working capital.
- The power business is expected to be EBITDA neutral in the future, but it has been a cash drain in the current financial year.
- The company is exposed to risks related to tariff revisions in the power segment, which have previously impacted profitability.
Good afternoon ladies and gentlemen. A very warm welcome to quarter 3 and 9 months FY 2026 earnings conference call of DEE Development Engineers Limited.
From the senior management we have with us today, Mr. Krishan Lalit Bansal, promoter, Chairman and managing director, and Mr. Brham Yadav, Chief Financial Officer.
(Operator Instructions)
I now hand the conference over to Mr. Anand Venugopal, Ad Factors PR.
Thank you and over to you, Anand.
Good afternoon, everyone.
We welcome you to the Q3 and 9M FY 2026 earnings call of DEE Development Engineers Limited.
Before we begin the earnings call, I would like to mention that some of the statements made in today's call might be forward-looking in nature and hence it may involve risk and uncertainties, including those related to the future financial and operating performance. Please bear with us if there is a call drop during the course of the conference call. We will ensure the call is
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
