Ddev Plastiks Industries Ltd. , India's largest polymer compound manufacturer, has reported a strong financial performance for the first half of fiscal year 2026 (H1FY26). The company's revenue reached ₹1,449 crore, marking a significant 20% year-on-year increase.

Financial Highlights

• Revenue: ₹1,449.00 crore (20% YoY growth)
• EBITDA: ₹154.00 crore (16% YoY growth)
• EBITDA Margin: 11.00%
• Profit After Tax (PAT): ₹99.00 crore (14% YoY growth)
• PAT Margin: 7.00%
• Earnings Per Share (EPS): ₹9.59 (14% YoY growth)

Operational Performance

• Production Volume: 99,937 MT
• Capacity Utilization: 84.00%
• Revenue Per Ton: ₹1,41,802.00
• EBITDA Per Ton: ₹15,559.00

Product Mix

Management Commentary

Narrindra Suranna, Chairman and Managing Director of Ddev Plastiks, stated, "I am pleased to announce that Ddev Plastiks has delivered a robust performance for the first half of FY26. These results demonstrate our sustained growth momentum despite a challenging geopolitical environment."

He added, "The widespread electrification across homes, factories, EVs, solar farms, and data centers has attracted prominent industry leaders and giant business houses to enter the wires and cables sector. This development further solidifies our position as a key supplier of compounds to top players in the segment."

Growth Strategy and Expansion Plans

Ddev Plastiks remains committed to its long-term goal of achieving ₹5,000 crore in revenue by FY2030 while maintaining double-digit EBITDA margins. The company's capacity expansion initiatives are on track, with recent developments including:

1. Commissioning of a new PVC facility with an installed capacity of 15,000 MT in October 2025.
2. Additional capacity of 5,000 MT for HFFR compounds and 10,000 MT for PVC compounds scheduled to be operational by the end of December 2025.

Market Position and Product Innovation

As India's largest polymer compound manufacturer, Ddev Plastiks has strengthened its market position through product innovation and expansion into high-growth segments. Notable achievements include:

• Receiving third-party approval for India's first locally produced Water Tree Retardant (WTR XLPE Insulation) Compounds.
• Introduction of XL HFFR compound for solar applications.
• Manufacturing of Anti Track (Track Resistant) Compound suitable for 36 KV, which is expected to see increased demand for MVCC (Medium Voltage Covered Conductor) applications.

Industry Outlook

The Indian wire and cable industry is projected to grow at approximately twice the rate of India's GDP. This growth is driven by factors such as investments in power transmission and distribution, capacity addition in renewable energy, smart cities initiatives, and increasing investments in railways for electrification.

Ddev Plastiks, with its diverse product portfolio and strong market position, is well-positioned to capitalize on these industry trends and continue its growth trajectory.

Conclusion

Ddev Plastiks Industries Ltd. has demonstrated strong financial and operational performance in H1FY26, with significant growth in revenue, EBITDA, and profitability. The company's focus on capacity expansion, product innovation, and strategic positioning in high-growth segments of the polymer compounds market bodes well for its future prospects and its goal of reaching ₹5,000 crore in revenue by FY2030.

Ddev Plastiks Industries , a leading manufacturer of polymer compounds, has announced its financial results for the second quarter of the fiscal year 2025-26, showcasing robust growth in revenue and a modest increase in profitability.

Key Financial Highlights

Ddev Plastiks Industries has reported a significant year-over-year revenue growth of 17.2% in the second quarter of FY2025-26, with revenue from operations reaching 680.15 crore rupees, up from 580.35 crore rupees in the same quarter of the previous fiscal year.

The company's net profit for Q2 FY2025-26 stood at 47.11 crore rupees, marking a 5.3% increase from 44.72 crore rupees reported in Q2 FY2024-25. This growth in profitability, while positive, was not as pronounced as the revenue growth, suggesting potential cost pressures or changes in the business environment.

Operational Performance

Ddev Plastiks Industries' EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a marginal increase to 63.90 crore rupees in Q2 FY2025-26, compared to 63.70 crore rupees in the corresponding quarter of the previous year. However, the EBITDA margin contracted to 9.40% from 10.98% year-over-year, indicating some challenges in maintaining profitability margins amid rising revenues.

Half-Yearly Performance

For the half-year ended September 30, 2025, Ddev Plastiks Industries reported:

• Total income of 1,466.61 crore rupees
• Profit before tax of 133.29 crore rupees
• Net profit of 99.26 crore rupees

These figures demonstrate the company's consistent performance over the first half of the fiscal year.

Balance Sheet Highlights

As of September 30, 2025, Ddev Plastiks Industries reported:

• Total assets of 1,227.80 crore rupees
• Total equity of 915.85 crore rupees
• Current assets of 890.36 crore rupees, including inventories of 291.62 crore rupees and trade receivables of 429.73 crore rupees

The company's strong balance sheet position, with substantial equity, suggests a solid financial foundation to support future growth initiatives.

Dividend Information

The company declared a final dividend of 1.75 rupees per equity share (175%) for the year ended March 31, 2025, which was paid in September 2025, totaling 18.11 crore rupees.

Ddev Plastiks Industries continues to demonstrate its ability to grow in the polymer compounds market. While the company has shown impressive revenue growth, managing operational efficiency and profitability margins may be key focus areas for the management in the coming quarters. Investors and stakeholders will likely be watching how the company navigates the balance between growth and profitability in the evolving market landscape.