Ddev Plastiks Industries Ltd

BSE:543547

Revenue Growth: Ddev Plastiks reported Q3 FY '26 revenue of INR 733 crores, up 11% year-on-year, driven by strong demand in the wire and cable industry and improved average selling prices.

Export Momentum: Exports surged to INR 196 crores in Q3, making up 27% of total revenue, with 9-month exports at INR 523 crores, representing 33% year-on-year growth despite global disruptions.

Capacity Expansion: Commissioned new HFFR and PVC compound capacities, increasing total installed capacity to 268,400 metric tons per annum, with all expansions funded through internal accruals.

Battery Storage Entry: Launched Battery Energy Storage Systems (BESS) manufacturing with a 5 GWh plant; expect first-year BESS revenue in FY '27 to be INR 300–500 crores and over INR 800–950 crores from 1 GWh once fully ramped.

Margin Stability: EBITDA margin for Q3 and nine months stood at 11%, with EBITDA per ton on a positive trajectory and management expecting sustainability going forward.

FY '30 Target: Management reaffirmed its INR 5,000 crores revenue goal by FY '30, excluding BESS contributions, and expects to exceed previous growth guidance of 10–12% CAGR.

Strong Outlook: Management remains optimistic on core business growth, capacity utilization, and margin trajectory, citing robust domestic demand, new export opportunities, and increasing share with key clients.