Ddev Plastiks reports strong Q1 with 23% profit jump

Ddev Plastiks Industries Ltd reported Q1 FY26 revenue of INR 769 crore and EBITDA of INR 79 crore, achieving a 10% EBITDA margin. Profit after tax surged 23% year-over-year to INR 52 crore.

The company is expanding capacity in PVC, HFFR, and XLPE compounds for its cable segment focus. Ddev Plastiks targets INR 5,000 crore revenue by FY2030 with double-digit EBITDA margins, supported by projected capex of INR 110 crore.

The manufacturer achieved net debt-free status in Q4 FY24 and plans to maintain this through FY26.