Ddev Plastiks Industries Limited reported a 9% increase in net profit to ₹202 crore for the financial year ended March 31, 2026, driven by a 13% year-on-year growth in revenue from operations to ₹2,948 crore. The company's Board of Directors reviewed and approved the audited financial results for the fourth quarter and full year on May 25, 2026. Consequently, the Board has recommended a final dividend of 125%, or ₹1.25 per equity share, for FY26, in addition to an interim dividend of 50% (₹0.50 per share) declared earlier. The total dividend outflow for the year is estimated at ₹181.08 crore, subject to shareholder approval at the Annual General Meeting.

Financial Performance

For the full year ended March 31, 2026, the company reported a net profit of ₹202 crore compared to ₹185 crore in the previous year. Revenue from operations increased to ₹2,948 crore from ₹2,627 crore in FY25. For the quarter ended March 31, 2026, net profit stood at ₹55 crore, while revenue from operations rose to ₹734 crore from ₹692 crore in the corresponding period of the previous year.

Operational Highlights and Outlook

Management stated that the company navigated a challenging external environment in FY26, marked by geopolitical tensions that disrupted exports and triggered input cost inflation. Despite these headwinds, exports rose by 30% and volumes expanded by 6%. The company's total installed capacity reached 2,68,400 metric tons per annum during the fiscal year, with an additional 48,000 metric tons for XLPE operations commencing from April 2026.

Looking ahead to FY27, the company targets a volume of 2,31,000 metric tons per annum with a capacity utilization of 73% and year-on-year revenue growth of 13%. EBITDA margins are anticipated at approximately 11%. The company plans to invest ₹175 crore in FY27, primarily towards expanding XLPE compound capacity and diversifying into the battery energy storage system (BESS) sector.

Strategic Expansion into BESS

Ddev Plastiks has announced a strategic foray into the battery energy storage system sector to capitalize on opportunities in India's renewable energy ecosystem. The company aims to develop 5 gigawatt of installed capacity in a phased manner. For FY27, the BESS vertical is expected to generate revenue of ₹200 crore to ₹250 crore, with a target to achieve breakeven. Management projects that 1 gigawatt hour of sales in the subsequent year could yield revenue of ₹800 crore to ₹900 crore with EBITDA margins exceeding 10%.

Corporate Governance and Dividend Details

The Board approved the re-appointment of M/s B. Mukherjee & Co. as Statutory Auditors for a term of five years. Additionally, M/s D. Sabyasachi & Co. were appointed as Cost Auditors and M/s B. Chakrabarti & Associates as Internal Auditors for FY27. The Board has fixed Saturday, September 19, 2026, as the record date to determine shareholder eligibility for the final dividend. The book closure dates are scheduled from Sunday, September 20, 2026, to Saturday, September 26, 2026.

The board of directors of ddev plastiks industries has approved amendments to the company's Memorandum of Association (MoA) and Articles of Association (AoA) to include Battery Energy Storage System (BESS) and related renewable energy businesses. The proposed amendments are subject to shareholder approval before becoming effective.

Key Details of the Board Resolution

The board's decision marks a formal step toward broadening the company's stated business objectives. The amendments to both the MoA and AoA are designed to reflect the inclusion of BESS and associated renewable energy activities within the company's official scope of operations. The following table summarises the key parameters of this corporate development:

Shareholder Approval Required

As mandated by applicable corporate governance norms, the amendments to the MoA and AoA will require the consent of the company's shareholders before they can be formally enacted. Ddev Plastiks Industries is expected to seek this approval through the requisite shareholder meeting process. Until such approval is obtained, the amendments remain pending and are not yet in force.