DEE Development Engineers Ltd Rebounds with Profit in Q1 FY 2024
DEE Development Engineers Ltd (DDEL) reported a profit of Rs 3.19 crore for Q1 FY 2024, a significant turnaround from a loss of Rs 4.58 crore in the same quarter last year. The total income rose to Rs 188.17 crore, and the order book stands at Rs 803 crore, bolstered by a new international contract.
- Country:
- India
DEE Development Engineers Ltd (DDEL) reported a profit of Rs 3.19 crore for the quarter ending June 30, 2024.
This marks a significant turnaround from a loss of Rs 4.58 crore in the same quarter of the previous fiscal year, according to a statement from the company.
The company's total income for the first quarter increased to Rs 188.17 crore, up from Rs 159.46 crore in the corresponding quarter last year. As of June 30, 2024, DDEL's total order book stands at Rs 803 crore. Additionally, the company has recently secured an international contract valued at approximately Rs 340 crore.
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