Ddev Plastiks flags doubled exports and ~Rs 175 cr FY27 capex plan
The standalone quarter ended with a 9.22% operating margin and Rs 63.79 cr net profit; the results were filed after market close.
Filed 10 Aug 2026, 17:19 IST · after market close · DDEVPLSTIK (DDEVPLSTIK)
Key takeaways
- Standalone Q1FY27 delivered a 9.22% operating margin and Rs 63.79 cr of net profit.
- Management said quarterly exports doubled to Rs 312 cr despite geopolitical challenges.
- Management outlined approximately Rs 175 cr of FY27 capex for capacity enhancement, product approvals and newer segments.
Standalone quarter sets a 9.22% operating margin
Ddev Plastiks reported standalone operating profit of Rs 91.22 cr from revenue of Rs 989.45 cr, translating into a 9.22% operating margin. Net profit was Rs 63.79 cr after interest of Rs 11.06 cr, depreciation of Rs 4.79 cr and tax of Rs 21.25 cr.
Other income contributed to pre-tax profitability
Other income of Rs 9.67 cr supplemented operating earnings, while profit before tax stood at Rs 85.04 cr. The reported tax rate was 24.99%, so the quarter's net profit reflects both operating earnings and non-operating income rather than operations alone.
Capacity additions and exports are the main business signals
Management said quarterly exports doubled to Rs 312 cr despite geopolitical challenges. The company said PVC, HFFR and XLPE capacity additions were completed, including Rs 77.21 cr incurred for XLPE capacity added in April 2026. Management said planned FY27 capex is approximately Rs 175 cr for capacity enhancement, product approvals and entry into newer segments.
Results were filed after market close
The standalone results were filed after market close, so there is no post-result stock reaction to assess in this update. The next market read will separate the reported operating performance from the expansion and export signals highlighted by management.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹989 cr |
| Other income | ₹10 cr |
| Expenses | ₹898 cr |
| Operating profit | ₹91 cr |
| Operating margin (%) | 9.22% |
| Interest | ₹11 cr |
| Depreciation | ₹5 cr |
| Profit before tax | ₹85 cr |
| Tax | ₹21 cr |
| Net profit | ₹64 cr |
| EPS (₹) | ₹6.16 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- Quarterly exports doubled to ₹312 crore.
Guidance & outlook
- Planned FY27 capex is approximately ₹175 crore for capacity enhancement, product approvals and newer segments.
Expansion
- PVC, HFFR and XLPE capacity additions were completed, including ₹77.21 crore incurred for XLPE capacity added in April 2026.
Problems & risks
- The company identifies geopolitical challenges while reporting that quarterly exports doubled to ₹312 crore.
What to watch
- Whether operating margin holds above 9.22%.
- Whether quarterly exports remain at or above Rs 312 cr.
- Progress reported against the approximately Rs 175 cr FY27 capex plan.