India's DEE Development Engineers posts Q3 profit on strong piping solutions orders

DEE Development Engineers

03/02/2026 08:25

Corrects share price in first bullet to 214.41 rupees, from 21.41 rupees earlier

** Shares of DEE Development Engineers DEEV.NS up 4.4% to 214.41 rupees

** Stock jumped as much as 10% after reporting results

** Piping solutions engineering firm posts profit of 182.8 million rupees ($2 million) in October-December quarter vs year-ago loss of 133.3 million rupees

** Revenue jumps 77%, led by an 87% surge from DEEV's biggest segment – piping

** DEEV's piping segment business was hurt in the year-ago period due to delayed order execution

** Shares were up 3.9% before the results, tracking broader market gains following U.S.-India trade deal .BO

** Stock fell 9.8% in January, down for a 7th straight month

($1 = 90.2500 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))