Shares of DEE Development Engineers Ltd. are trading with gains of over 15% on Monday, August 11, after its June quarter results announcement.Revenue for the quarter increased by 21% from last year to ₹223.8 crore. The company had reported a topline of ₹185 crore in the year-ago period.The company reported a net profit of ₹13.2 crore, in comparison to ₹3.2 crore in the same period a year ago.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter rose by 45.3% to ₹36 crore from ₹24.8 crore last year.EBITDA margin for the quarter saw an expansion of 270 basis points at 16.1% from 13.4% last year.Shares of DEE Development Engineers are currently trading 12.60% higher at ₹295.40. Despite today’s gain, the stock is down 6% on a year-to-date basis.
