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Earnings Call Transcript

Ddev Plastiks Industries Earnings Call Transcript: Key Takeaways

Management reported strong revenue growth but faced EBITDA margin pressure due to volatile raw material prices and increased export logistics costs.

Why this was an Alfa AlertRevenue guidance raised from 14.9% to 30.6% (+16pp).
Ddev Plastiks Industries Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Revenue guidance 14.9% → 30.6% Raised by 15.7 percentage points
Management target Revenue 29.3% FY27
Highlights
Revenue growth44% YoY growth driven by robust wires and cables demand.
MarginsEBITDA margin at 9%; temporary compression from higher raw material/freight costs.
Demand visibilityStrong domestic visibility supported by infrastructure and private data center capex.
Management confidenceBalanced; optimistic on domestic demand but cautious on Middle East logistics.

Growth

Revenue grew 44% YoY to ₹970 Cr, driven by the wires and cables segment and a 29% export contribution.

Outlook

Maintains target of ₹5,000 Cr revenue by FY30 with a new battery segment project starting Q1 FY28.

Risks

Geopolitical tensions in the Middle East are causing high freight rates and transit delays, impacting international margins.

Last quarter's promises, checked

Delivered

  • Rev +13-14% FY27 guided → qtr rev +44% (= BEAT; qtr vs FY basis)

Partly delivered

  • FY27 capex ₹150-175 Cr → H1 ₹79 Cr (= PARTIAL)
  • Bhiwadi 50% utilisation by FY-end → 20-25% in Q1 (= PARTIAL)

Missed

  • EBITDA margin 10-12% → 9% (= MISS)
  • WB policy due end-Aug-26 → still awaited (= MISS)
  • FY27 volume +15% → qtr volume +2% (= MISS, H2-weighted)
Source

Earnings Call Transcript filed with NSE, NSE: DDEVPLSTIK. Summary written with AI assistance from the document.

Read the document ↗

Ddev Plastiks Industries Ltd: key numbers

Share price
₹243.75
Market cap
₹2,522 Cr
Revenue (annual)
₹2,948 Cr
Net profit (annual)
₹201.8 Cr
P/E (TTM)
11.6×Sector 51.6×
Promoter holding
75.00%+0.00% QoQ
FII holding
1.56%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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