DEE Development Engineers Ltd on Thursday reported a 12 per cent decline in consolidated net profit at ₹27.67 crore for the quarter ended March 31, 2026, on the back of higher expenses.The company had posted a net profit of ₹31.50 crore in the year-ago period.Total income during the January-March period rose to ₹363.32 crore, compared to ₹288.97 crore a year ago, the company said in a regulatory filing.Total expenses of the company increased 32.8 per cent to ₹327.71 crore against ₹246.67 crore in the same period of the preceding fiscal.DEE Development Engineers Ltd is an engineering company providing specialised process piping solutions for industries such as oil and gas, power, chemicals and other allied segments. As part of its specialised process piping solutions, the company also manufactures and supplies piping products, including high-pressure piping systems, piping spools, high-frequency induction pipe bends, LSAW pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids, accessories, and other customised manufactured components.Published on May 21, 2026