Ddev Plastiks Industries reported a net profit of ₹6,379.34 million for the quarter ended June 30, 2026, marking a 22.3% year-on-year increase from ₹5,215.08 million in Q1FY26. The company published these unaudited financial results in Business Standards (English) and Sukhabar (Vernacular-Bengali) on August 11, 2026, pursuant to Regulation 30, 33, and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Revenue from operations surged to ₹98,945.25 million, up from ₹76,921.55 million in the corresponding period of the previous year, reflecting strong top-line momentum driven by higher sales volumes and operational efficiency.

Q1FY27 Financial Performance

The company’s total income for the quarter stood at ₹99,912.33 million, compared to ₹77,570.64 million in Q1FY26. This growth was primarily driven by higher revenue from operations, which increased by approximately 28.6%. Other income contributed ₹967.08 million, up from ₹649.09 million in the prior year period.

Total expenses rose to ₹91,408.00 million from ₹70,595.47 million in Q1FY26. The increase in expenses was largely attributable to higher cost of materials consumed, which climbed to ₹84,730.60 million from ₹64,362.59 million. Employee benefit expenses also saw a moderate rise to ₹1,270.93 million from ₹1,145.86 million. Finance costs increased significantly to ₹1,106.10 million from ₹551.67 million, while other expenses grew to ₹5,273.14 million from ₹4,193.37 million.

Operational Updates and Strategic Moves

In addition to financial results, the Board approved the relocation of the Battery Energy Storage System (BESS) project to Kolkata. All other details pertaining to the project remain unchanged as disclosed in the company’s intimation dated January 5, 2026. The Board also appointed Mrs. Rajni Mishra (DIN: 07706571) as an Additional Director under the category of Non-Executive Independent Director, effective August 10, 2026, subject to member approval at the upcoming Annual General Meeting.

The company recently completed its new manufacturing project at Bhiwadi, Rajasthan, commencing commercial production on April 28, 2026. The facility has an installed capacity of 48,000 MTPA (Metric Tonnes Per Annum) and is expected to strengthen manufacturing capabilities and support long-term growth strategies. Pursuant to Ind AS 16, the entire cost attributable to the project was capitalized on the date of commencement of commercial production.

What the Numbers Show

The simultaneous surge in revenue and cost of materials consumed suggests that input cost inflation or volume-driven procurement increases are impacting margins. While net profit grew robustly, the proportionate rise in finance costs—doubling from ₹551.67 million to ₹1,106.10 million—warrants monitoring as the company scales operations. The capitalization of the Bhiwadi plant costs indicates a shift towards fixed asset expansion, which may influence future depreciation charges and cash flow dynamics.

Ddev Plastiks Industries has appointed Mrs. Rajni Mishra as an Additional Director in the category of Non-Executive Independent Director, effective August 10, 2026. The appointment, approved by the Board of Directors through a resolution passed by circulation on August 8, 2026, aims to maintain regulatory compliance and board stability following the recent departure of an independent director. This change ensures the company retains the required independent oversight for its statutory committees while pending final shareholder approval at the ensuing Annual General Meeting.

The appointment succeeds the resignation of Mrs. Ramya Hariharan (DIN: 06928511), who ceased to be an Independent Director on July 27, 2026. Mrs. Hariharan tendered her resignation via email and letter dated July 27, 2026, citing other professional commitments and pre-occupations. Consequently, she also ceased to be a member of the Audit Committee and the Nomination and Remuneration Committee with effect from that date. The company submitted the requisite intimation to the stock exchanges on the same day.

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, the Board reconstituted key statutory committees. Mrs. Mishra has been nominated as a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee, effective August 10, 2026. Her appointment is subject to shareholder approval for a term of five consecutive years.

Mrs. Mishra brings extensive expertise in corporate governance, regulatory compliance, and secretarial matters. She is a Member of the Institute of Company Secretaries of India (ICSI) and holds a Master's degree in Human Resource Management from West Bengal University of Technology, now Maulana Abul Kalam Azad University of Technology, along with a Bachelor of Science degree from the University of Calcutta. She has completed the Online Proficiency Self-Assessment Test for Independent Directors and is registered in the Independent Directors' Databank maintained by the Indian Institute of Corporate Affairs (IICA), in compliance with Section 150 of the Act.

Committee Memberships in Other Companies

Mrs. Mishra currently serves as an Independent Director on several boards, holding significant committee positions:

The company confirmed there are no disclosure requirements regarding relationships between directors. Tanvi Goenka, Company Secretary (Membership No. ACS-31176), signed the intimation filed with the Bombay Stock Exchange and National Stock Exchange of India Ltd.