This leading Engineering company’s stock is in focus after it jumped 4.75 percent following the announcement of receiving an order for the supply of pre-fabricated Carbon, Alloy, & Stainless-Steel Piping Items for Thermal Power stations.
Share Price Movement
With a market capitalization of Rs. 1,760 Crore, the stock of Dee Development Engineers Limited opened at Rs. 259, up 1.50 percent from yesterday’s close, and after opening, it made a high of 267.29, up 4.75 percent.
Order Update
The company has received an international order for the supply of pre-fabricated Carbon, Alloy, & Stainless-steel piping items for the thermal power station. Time period in which the order is to be executed is 7 to 12 months, and the total order size is Rs. 55 Crore
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Financial Highlights
The company reported a 22.85 percent YoY decrease in revenue from Rs. 210 Crore in Q3FY24 to Rs. 162 Crore in Q3FY25. On a QoQ basis, the company reported a decrease of 16.49 percent in revenue from Rs. 194 Crore in the previous quarter.
Their Net profit of Rs. 9 Crore in Q3FY24 turned to a Net loss of Rs. 13 Crore in Q3FY25. On a QoQ basis, the company has reported a Net Profit of Rs. 22 Crore in Q2FY25.
About the Company
DEE Development Engineers Limited, established in 1988 and headquartered in Faridabad, Haryana, is a leading engineering company specializing in process piping solutions for industries such as oil and gas, power (including nuclear), and chemicals.
DEE Development Engineers operates seven manufacturing facilities across India and Thailand, located in Palwal (Haryana), Anjar (Gujarat), Barmer (Rajasthan), Numaligarh (Assam), and Bangkok (Thailand)
Written By Abhishek Das
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