Please find attached the Transcripts of Earnings Call held on 26th May 2026 at 10:00am for the 04th quarter and financial year ended 31st March 2026.
DDEVPLSTIK · price
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Ddev Plastiks delivered resilient FY26 performance with 13% revenue growth and 30% export growth despite geopolitical headwinds from the Israel-Iran conflict that disrupted logistics and spiked raw material prices by over 50%. The company reported EBITDA margins of 11% and PAT of INR202 crores (up 9%). Management guided FY27 volume of 231,000 MT with 13% revenue growth and 11% EBITDA margins. The new Bhiwadi XLPE facility (48,000 MTPA) commenced operations in April 2026, taking total capacity beyond 315,000 tons. The company is entering battery energy storage systems (BESS) targeting 5 GW capacity with INR800-900 crores revenue per GW, expecting INR200-250 crores revenue in FY27 at breakeven margins. Management maintained its INR5,000 crores revenue target by FY30 from polymer compounding.
The company demonstrated operational resilience amid macro headwinds with strong export growth. The BESS diversification adds a new growth vertical, though initial margins will be lower than core business. FY27 guidance appears conservative with stable 11% EBITDA margins.