Ddev Plastiks Industries Limited has informed the Exchange about Transcript
DDEVPLSTIK · price
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Ddev Plastiks reported a strong Q1 FY26 with revenue of ~INR769 crores, up 23% YoY, driven by 13% volume growth and a 9% rise in average selling price to INR148/kg. EBITDA stood at INR79 crores (10% margin) and PAT at ~INR52 crores (7% margin). Capacity utilization improved to 87% on an installed base of 2,38,400 MTPA, with 5,000 MT added in Eastern India. Management reiterated long-term targets of INR4,500-5,000 crores revenue by FY30 with EBITDA margins maintained at 10-12% and EBITDA per ton in the INR15,000-16,000 range. Total capex of ~INR300 crores is planned over the next few years to add ~1,30,000+ tons of capacity across HFFR, PVC, and XLPE, funded largely through internal accruals. The company expects 132 kV product certification by end FY26/early FY27, with revenue contribution beginning in FY27.
Multi-year growth visibility remains strong with clear capacity-led roadmap, though near-term Q2 may stay flat due to monsoon seasonality. Watch for 132 kV certification timeline and UltraTech/Adani entry into wires & cables as potential demand catalysts; blended margins likely to remain range-bound despite value-added product mix.