India's DEE Development shares fall on weaker sequential earnings, revenue

DEE Development Engineers

04/08/2026 07:54

** Piping solutions provider DEE Development Engineers DEEV.NS shares fall 5% to 657.75 rupees 
** June-qtr revenue from operations rise 31.6% YoY to 2.94 billion rupees ($30.83 million), but falls 18.6% sequentially  
** Q1 net profit climbs 22.3% YoY to 161.5 million rupees, but declines 42.3% QoQ from the quarter ended March 31
** Stock holds trailing 12-month P/E of 64.42 vs industry median of 14.63
** Co's return on average total equity stands at 9.1%; debt-to-equity ratio at 79.23% - LSEG data 
** YTD, stock up 213.8%
($1 = 95.3650 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.Parmar@thomsonreuters.com;))