30/05/2025
DEE Development records highest-ever quarterly income and PAT at ₹289 Cr and ₹32 Cr, respectively, with a strong EBITDA margin of 22.9% in Q4 FY25
At DEE Development Engineers, we continue to strengthen our financial and operational foundation while advancing toward a sustainable, technology-led future.
Here’s what our Chairman and Managing Director, Mr. Krishan Lalit Bansal, had to say following the release of our Q4 and FY25 results:
“We are delighted to share that the company has delivered strong, broad-based growth in the fourth quarter of Financial Year 2025.
In Q4 FY25, our total income reached ₹28,897 Lacs, reflecting a strong 16.1% year-on-year and 79.4% quarter-on-quarter growth. For the full year, total income stood at ₹84,826 Lacs, representing a 5.1% increase over FY24. Our orderbook as on April 30, 2025 stood at ₹1,27,458 Lacs.
Our operational performance remained resilient, with EBITDA rising to ₹6,611 Lacs in Q4 FY25 — a 63.9% YoY and 1,284.9% QoQ growth. The quarterly EBITDA margin stood at 22.9%, up by 667 basis points YoY. For the full fiscal year, EBITDA came in at ₹14,466 Lacs, up 20.0% YoY, with the EBITDA margin improving by 211 basis points to 17.1%.
Our profitability also witnessed strong growth, with Profit After Tax (PAT) for Q4 FY25 standing at ₹3,151 Lacs, marking 165.5% YoY growth. The PAT margin for the quarter was 10.9% registering a growth of 614 basis points. For FY25, PAT stood at ₹4,363 Lacs, marking a growth of 66.5% YoY.
Our Anjar Facility expansion is progressing as scheduled, with an additional 15,000 MTPA set to be commissioned by October 2025, taking the Anjar facility’s total capacity (excluding heavy fabrication) to 30,000 MTPA.
Designed with a U-shaped layout and equipped with advanced automation, the plant enables efficient material handling, reduced operational costs, and boosting productivity. Its strategic proximity to Kandla and Mundra Ports enhances logistics efficiency and profitability. By focusing on the Oil & Gas sector, Anjar frees up the Palwal facility to specialize in the Power sector, improving overall operational focus and resource allocation.
Simultaneously, the development of our high-wall seamless thickness pipe plant is advancing on schedule. We remain firmly on track to commence commercial production by January 2026 — a key step in our backward integration strategy aimed at improving supply chain efficiency and cost competitiveness.
As covered in the press release earlier this month, we are deeply disappointed with the recent downward revision of the tariff order for our two biomass power plants, issued by the Punjab State Electricity Regulatory Commission. It is our firm belief that the decision is legally untenable and also fails to reflect the ground realities of operating dedicated biomass power plants. Unlike co-generation units that use industrial by-products like bagasse, our plants rely solely on externally sourced paddy straw—a costly and logistics-intensive fuel. By equating two fundamentally different models, the Commission has made assumptions that are arbitrary and unsustainable.
This decision undermines years of work toward rural empowerment and environmental protection. Our plants have prevented stubble burning across over 80,000 acres annually, provided livelihoods to more than 8,000 rural families, and directly supported India’s climate goals. Ignoring these contributions sets a worrying precedent for the future of green energy in India.
We urge the authorities to revisit this matter with fairness and vision. Our projects are more than just power plants—they are instruments of social, economic, and environmental transformation.
Looking ahead, we remain committed to operational excellence, strategic technology investments, and sustainable growth.
We will continue to adapt our strategies to ensure long-term value for all our stakeholders. We sincerely appreciate your continued trust and support, and we look forward to achieving new milestones together.”
