DEE Development Engineers Ltd reported consolidated Q2 revenue of ₹2.7 billion and net profit of ₹178.6 million. EBITDA surged by 48% to ₹441 million, reflecting operational efficiency gains amid mixed divisional performances and ongoing legal challenges in power segment.
                                        
                        
	DEE Development Engineers Limited announced its consolidated financial performance for the quarter ended September 30, 2025. The company reported ₹2.7 billion in revenue from operations backed by strong project execution in its piping division, offsetting weaker performance in its power division which faced losses amid ongoing tariff disputes.
	 
	Net profit was ₹178.6 million, down approximately 20% year-on-year, impacted by challenges in the power business. However, EBITDA rose significantly by 48% to ₹441 million, lifting EBITDA margins to 16.32%, highlighting improved core operating efficiency.
	 
	The company is currently engaged in a legal dispute with Punjab State Power Corporation Limited (PSPCL) regarding tariff revisions for its biomass-based power plant, which has affected segment profitability.
	 
	The overall performance indicates a mixed quarter with operational strength in engineering coupled with segmental challenges. DEE Development continues focusing on project execution excellence and resolving power segment issues to improve future profitability.
	 
	Key Highlights
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		Q2 FY2025-26 consolidated revenue: ₹2.7 billion
 
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		Net profit: ₹178.6 million, down ~20% YoY
 
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		EBITDA up 48% to ₹441 million; margin improved to 16.32%
 
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		Strong performance in piping division, loss in power division due to tariff dispute
 
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		Ongoing legal dispute with PSPCL impacting power segment profitability
 
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		Focus on operational efficiency and project execution for growth
 
	Sources: ScanX Trade, Screener.in, Company disclosures