Ddev Plastiks Industries has delivered impressive financial results for the nine months of FY26, demonstrating sustained growth momentum despite challenging geopolitical conditions. The company's strategic initiatives in capacity expansion and diversification into renewable energy sectors have contributed to its robust performance across key financial metrics.

Financial Performance Highlights

The company's financial performance for 9MFY26 showcased strong growth across all major parameters:

The export performance was particularly noteworthy, with exports reaching ₹523 crore, reflecting a substantial 33% year-on-year growth. This strong export performance demonstrates the company's expanding international presence and market acceptance of its products.

Strategic Diversification into BESS Manufacturing

Ddev Plastiks has made a decisive strategic move to enter the Battery Energy Storage Systems (BESS) manufacturing sector, capitalizing on India's renewable and power sector growth momentum. This diversification positions the company at the forefront of the energy transformation landscape, leveraging the global energy storage market's rapid evolution and expansion driven by worldwide decarbonization objectives and renewable energy integration.

Capacity Enhancement Initiatives

The company's capacity enhancement programs progressed according to schedule during the quarter:

All capex plans have been funded through internal accruals, reflecting the company's strong balance sheet and cash generation capabilities. The company is also planning further capacity expansions in XLPE compounds, where it already commands an impressive market share of approximately 33%.

Market Position and Growth Drivers

The company operates across multiple segments including Power Cables, Building Wires, and Control & Instrumentation Cables. Growth drivers across these segments include investments in power transmission and distribution, capacity additions in solar and wind energy, smart cities mission, affordable housing schemes, and increased industrial capex across sectors such as Auto, Steel, Oil and Gas, and Power.

Management Outlook

Chairman and Managing Director Narrindra Suranna expressed confidence in the company's performance, highlighting the sustained growth momentum and strategic positioning for future opportunities. The management emphasized their commitment to leveraging the renewable energy adoption trend and continuing capacity expansion initiatives to drive long-term growth.

Ddev Plastiks Industries Limited has announced an interim dividend of Rs 0.50 per equity share, as approved by the Board of Directors at their meeting held on February 10, 2026. The dividend represents a 50% payout on the face value of Re 1 per share.

Dividend Declaration Details

The company's Board of Directors convened on Tuesday, February 10, 2026, to approve the interim dividend payment for the financial year 2025-26. This decision was communicated to the stock exchanges in compliance with SEBI regulations.

Regulatory Compliance

The dividend declaration was made in accordance with Regulation 30, 42, and 43 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE Limited and National Stock Exchange of India about this corporate action through proper regulatory filings.

Shareholder Information

Shareholders holding equity shares as of the record date of February 20, 2026, will be eligible to receive the interim dividend. The company has committed to disbursing the dividend within the statutory timeline of 30 days from the date of declaration, ensuring timely payment to eligible shareholders.

Company Details

Ddev Plastiks Industries Limited operates from its registered office at 2B, Pretoria Street, Kolkata - 700 071, with additional operations from its Mumbai office. The company secretary Tanvi Goenka (ACS 31176) signed the regulatory filing announcing this dividend declaration.