Ddev Plastiks reported a strong Q1FY27. Revenue rose 29% YoY, EBITDA jumped 27% to a record over INR100 Cr with 10% margins, and PAT grew 22% to INR64 Cr, boosted by robust export demand and better pricing.

The new Bhiwadi XLPE plant (48,000 MT) was commissioned, increasing total capacity to 316,400 MT.

Current 66% utilization is set to improve as the new plant ramps up.

The company targets 15% volume growth for FY27. A strategic entry into Battery Energy Storage Systems (BESS) is planned via a supply/EPC model, with a slight delay as the project shifts to Bengal.

Management is confident in hitting INR5,000 Cr revenue by FY30, driven by infrastructure and electrification.