Deepak Builders & Engineers India Limited Reports No Deviation in IPO Fund Utilization for Q3FY26

Deepak Builders & Engineers India Limited has submitted its quarterly compliance report to stock exchanges, confirming complete adherence to IPO fund utilization objectives for the quarter ended 31st December, 2025. The company raised Rs. 2600.43 million through its public issue, with allotment completed on 24th October, 2024, and listing on 28th October, 2024. Complete Fund Utilization Achieved The company has successfully utilized the entire allocated amount of Rs. 1962.21 million across all three primary objectives outlined in its prospectus. The utilization demonstrates disciplined capital deployment in line with stated business plans. Objective Original Cost (Rs. Million) Revised Cost (Rs. Million) Amount Utilized (Rs. Million) Unutilized Amount (Rs. Million) Debt Repayment 300.00 300.00 300.00 NIL Working Capital Requirements 1119.56 1119.56 1119.56 NIL General Corporate Purposes 497.70 542.65 542.65 NIL Total 1917.26 1962.21 1962.21 NIL Issue Expenses and Remaining Funds From the total gross proceeds of Rs. 2172.10 million, issue expenses amounted to Rs. 209.89 million (revised from original Rs. 254.84 million). The company has utilized Rs. 208.55 million for issue expenses, leaving Rs. 1.34 million unutilized. Parameter Amount (Rs. Million) Gross Proceeds 2172.10 Issue Expenses (Revised) 209.89 Issue Expenses Utilized 208.55 Remaining Unutilized 1.34 Regulatory Compliance and Oversight The statement was filed pursuant to Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CRISIL Ratings Limited serves as the monitoring agency for the IPO proceeds utilization. The Audit Committee reviewed the fund utilization statement at its meeting held on 13th February, 2026, with no adverse comments. Fund Deployment Strategy The company has deployed the unutilized proceeds of Rs. 1.34 million in bank accounts, including Public Issue and Cash Credit accounts. This conservative approach ensures liquidity while maintaining compliance with regulatory requirements for IPO fund management. The company confirmed that issue proceeds have been utilized strictly as per objects mentioned in the prospectus, with no deviations from the original plan. This adherence to stated objectives reflects strong corporate governance and disciplined capital allocation practices. Deepak builders & engineers India Limited announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results during their meeting held on February 13, 2026, which commenced at 11:30 A.M. and concluded at 4:30 P.M. Quarterly Financial Performance The company's Q3FY26 performance showed mixed results with revenue growth but declining profitability. Revenue from operations increased substantially while profit margins came under pressure. Metric Q3FY26 Q3FY25 Change (%) Revenue from Operations ₹16,637.81 lacs ₹13,054.62 lacs +27.46% Total Revenue ₹16,774.72 lacs ₹13,163.13 lacs +27.44% Net Profit ₹516.65 lacs ₹1,626.12 lacs -68.24% Basic EPS ₹1.11 ₹3.74 -70.32% Nine-Month Performance Analysis The nine-month results revealed challenges in maintaining the previous year's performance levels. Both revenue and profitability declined compared to the corresponding period in FY25. Parameter 9M FY26 9M FY25 Change (%) Revenue from Operations ₹31,803.45 lacs ₹35,747.30 lacs -11.03% Total Revenue ₹32,180.37 lacs ₹36,073.39 lacs -10.79% Net Profit ₹2,513.90 lacs ₹4,555.19 lacs -44.82% Basic EPS ₹5.40 ₹11.86 -54.47% Cost Structure and Expenses The company's expense analysis revealed significant variations in cost components. Cost of materials consumed increased substantially in Q3FY26, impacting overall profitability. Key Expense Categories (Q3FY26): Cost of materials consumed: ₹12,208.13 lacs Construction cost: ₹1,792.79 lacs Employee benefits expense: ₹710.31 lacs Finance costs: ₹743.56 lacs Total expenses: ₹16,058.71 lacs Financial Position and Capital Structure The company maintained a stable capital structure with consistent equity share capital across all reporting periods. Financial Metric Amount Paid-up Equity Share Capital ₹4,658.09 lacs Face Value per Share ₹10.00 Reserves (excluding revaluation) ₹38,047.25 lacs Regulatory Compliance and Audit The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The results underwent limited review by statutory auditors Parmod G. Gupta & Associates, Chartered Accountants, who expressed an unmodified opinion. The company operates in a single reportable business segment, consisting of revenue from construction contracts and material sales. The unaudited financial results are available on stock exchange websites www.bseindia.com and www.nseindia.com , as well as the company's website www.deepakbuilders.co.in . We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. 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