Ddev Plastiks Q4 FY26 Earnings Call Transcript Released
Ddev Plastiks released its Q4 FY26 earnings call transcripts. The company reported a 13% YoY revenue growth for FY26 and aims for ₹5,000 crore revenue from polymer compounding by FY30. It is diversifying into BESS, targeting 5 GW capacity with ₹800-900 crore revenue per GW. Proposed final dividend of ₹1.25 per share for FY26.
The release of earnings call transcripts provides detailed insights into the company's performance, strategy, and future outlook, including diversification into BESS and capacity expansion plans. This information is material for investors and analysts, impacting their understanding and decision-making.
The announcement is a release of earnings call transcripts, which is a routine disclosure. While the company discussed positive performance and future plans, the content itself does not contain new material financial information that would shift the sentiment.
Ddev Plastiks Industries Limited has released the transcripts of its earnings call held on May 26, 2026, to discuss the financial results for the fourth quarter and the full financial year ended March 31, 2026 (Q4FY26).
The company highlighted a resilient performance despite a challenging external environment shaped by geopolitical tensions and input cost inflation. For FY26, Ddev Plastiks reported a 13% year-on-year revenue growth, with exports rising by 30% and export volumes increasing by 23%. Overall volume growth was 6%, which would have been closer to 10% under normal conditions. The Bhiwadi facility commenced commercial operations in the last week of April 2026.
The company has a strategic priority to achieve consolidated revenue of ₹5,000 crores by FY2030 from its polymer compounding business. To support this, installed capacity has been elevated to 2,68,400 metric tons per annum, with an additional 30,000 metric tons per annum dedicated to XLPE becoming operational from April 2026, involving a capex of ₹80 crores. This will bring the total capacity to over 315,000 tons per annum.
Looking ahead to FY27, the company targets a volume of 231,000 metric tons per annum with a capacity utilization of 73% and expects a year-on-year revenue growth of 13%. EBITDA margins are anticipated at approximately 11%.
In a strategic diversification, Ddev Plastiks is entering the battery energy storage system (BESS) sector. The company aims to develop 5 gigawatts of installed capacity in a phased manner, with each gigawatt projected to generate ₹800 crores to ₹900 crores in revenue. This segment is expected to contribute an additional ₹2,000 crores to ₹2,500 crores to the top line by FY2030.
For the full year FY26, revenues grew by 13% YoY, EBITDA grew by 12% YoY with margins at 11%, and Profit After Tax (PAT) was ₹202 crores, a growth of 9% YoY. Operational volumes for FY26 stood at 2,01,370 metric tons per annum, with a capacity utilization of 77%. Net worth increased to ₹1,013 crores. Capital expenditure for FY26 was close to ₹100 crores, and a further ₹175 crores is planned for FY27, primarily for XLPE capacity expansion and BESS diversification. A final dividend of ₹1.25 per share for FY26 has been proposed.
The company is actively engaging with Tier 1 developers for its BESS project, submitting necessary documentation and undergoing quality audits. The approval cycle for BESS is estimated to take three to six months. For the polymer business, the company expects to maintain fixed EBITDA margins per kg basis despite price volatility, with a conservative approach to projections.
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Ddev Plastiks Industries Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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