Home / Business and Economy / DEE Engineers' Profit Soars 31.8% on Nuclear Piping Push
DEE Engineers' Profit Soars 31.8% on Nuclear Piping Push
14 Nov
Summary
- Consolidated profit surged 31.8% to Rs 23.45 crore in Q2 FY27.
- Revenue increased to Rs 292.98 crore, driven by piping and fittings.
- Strategic focus on high-margin nuclear piping accelerates growth.
DEE Development Engineers Ltd announced a substantial 31.8% rise in consolidated profit for the second quarter of fiscal year 2027, with earnings climbing to Rs 23.45 crore from Rs 17.79 crore in the same period last year. This impressive financial performance was underpinned by a revenue increase to Rs 292.98 crore.
The company's revenue growth was largely attributed to robust execution within its piping and fittings segment, ensuring steady supplies to the power sector. A key driver for future expansion is the company's strategic move into the high-margin nuclear piping sector.
DEE Development Engineers is advancing its dedicated nuclear joint venture towards financial closure and has fully operationalized its 7,000-tonne seamless pipe capacity at its Anjar facility. These developments are crucial for its import substitution strategy and position the company to deliver highly engineered solutions for India's demanding energy infrastructure.
With strong order inflows in these new, high-value areas and a supportive macro environment, DEE Engineers remains confident in achieving its fiscal year 2027 revenue target of Rs 1,500 crore. The company provides specialized process piping solutions for key industries including oil and gas, power (nuclear), and chemicals.
