DEE Development Engineers Ltd's Q3FY25 Quarterly Results

Result Summary

• DEE Development Engineers Ltd reported a 23.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 24.1%.
• Its expenses for the quarter were down by 2.9% QoQ and 11.4% YoY.
• The net profit decreased 159.9% QoQ and decreased 247.6% YoY.
• The earnings per share (EPS) of DEE Development Engineers Ltd declined at 2.1 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

DEE Development Engineers Ltd is a company engaged in providing engineering solutions, primarily focusing on design, manufacturing, and supply of critical process equipment for various industrial applications. The firm operates within the engineering sector, with its core competencies including fabrication services for pressure vessels, heat exchangers, and related equipment. Recent developments about the company are not available in the provided data. As an entity in the engineering industry, DEE Development Engineers Ltd is positioned to cater to sectors such as oil and gas, petrochemical, and power generation, leveraging its expertise in delivering high-quality engineering products and services.

Revenue

In the third quarter of fiscal year 2025 (Q3FY25), DEE Development Engineers Ltd reported a total income of ₹161.11 crores. This represents a decrease of 23.3% compared to the previous quarter (Q2FY25), where total income was ₹210.00 crores. Furthermore, when compared to the same quarter in the previous year (Q3FY24), which had a total income of ₹212.24 crores, the revenue declined by 24.1%. The data indicates a notable reduction in revenue both on a quarter-over-quarter (QoQ) and year-over-year (YoY) basis, which could reflect changes in market demand, pricing, or other factors affecting the company's sales and service income.

Profitability

The profitability metrics for DEE Development Engineers Ltd in Q3FY25 show a downward trajectory. The company recorded a loss before tax of ₹17.48 crores, a significant drop compared to a profit of ₹26.14 crores in Q2FY25 and ₹10.76 crores in Q3FY24. The profit after tax also followed a similar pattern, with a loss of ₹13.33 crores in Q3FY25, compared to profits of ₹22.26 crores in Q2FY25 and ₹9.03 crores in Q3FY24. This represents a QoQ percentage change of -166.9% in profit before tax and -159.9% in profit after tax, and a YoY percentage change of -262.5% in profit before tax and -247.6% in profit after tax. The earnings per share (EPS) also decreased substantially to -₹2.10, from ₹3.60 in Q2FY25 and ₹1.70 in Q3FY24, which aligns with the overall decline in profitability.

Operating Metrics

Total expenses for DEE Development Engineers Ltd in Q3FY25 were ₹178.59 crores, showing a slight decrease of 2.9% from ₹183.86 crores in Q2FY25 and an 11.4% decrease from ₹201.48 crores in Q3FY24. The reduction in expenses indicates cost control measures or adjustments in operational spending. Despite the decrease in expenses, the company reported a net loss, which suggests that the cost reductions were insufficient to offset the decline in total income. The financial data reflects a challenging quarter, emphasizing the importance of analyzing the underlying factors that contributed to the changes in income and expense patterns.