India's Dee Development Engineers jumps on quarterly profit rise

DEE Development Engineers

11/08/2025 08:14

** Shares of Dee Development Engineers DEEV.NS surge 9.8% to 288 rupees

** Stock marks biggest intraday gain since May 29

** The pipe manufacturer posts a 4.1 times Y/Y rise in June-qtr consol net profit to 132 mln rupees ($1.51 mln)

** Consol Revenue from operations rises nearly 21% Y/Y

** Trading volume 5.6x the 30-day avg; busiest day since June 23

** Stock down 5.2% YTD

($1 = 87.5800 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))