Dee Development Engineers Ltd Sees Record Profit Surge: Expansion on the Horizon

Dee Development Engineers Ltd announced a 125% increase in profits in the September quarter, reaching Rs 22.26 crore. Their consolidated income also rose to Rs 210 crore. They plan to expand their production capacity with the New Anjar Facility II by FY25, aiming to reduce costs and improve efficiency.

Dee Development Engineers Ltd, a provider of piping solutions, has reported an impressive 125% surge in consolidated profit for the September quarter, reaching Rs 22.26 crore, up from Rs 9.88 crore in the previous year.

The company's consolidated income also saw significant growth, climbing to Rs 210 crore compared to Rs 186.16 crore in the same period last year, according to a filing with the Bombay Stock Exchange (BSE).

Chairman Krishan Lalit Bansal disclosed plans for a new production facility, New Anjar Facility II, expected to be operational by the end of the third quarter of FY25, aimed at cutting logistics and manpower expenses while enhancing production efficiency.

(With inputs from agencies.)