Ddev Plastiks Q1 FY27: Growth Holds, Exports Step Up, and a Measured Entry into BESS

In Q1 FY27, revenue was INR 989 crore, EBITDA was INR 101 crore, and PAT was INR 64 crore. YoY growth was 29% in revenue, 27% in EBITDA, and 22% in PAT.

The investor presentation shows overseas contributing 32% of Q1 FY27 revenue (India 68%). Management also stated exports doubled to INR 312 crore in the quarter.

The presentation shows revenue contribution by product category as PVC 89%, PE 10%, and Others 1% for Q1 FY27 (total revenue INR 989 crore).

A greenfield XLPE compound facility at Bhiwadi, Rajasthan with 48,000 MTPA annual installed capacity was commissioned in April 2026 and recorded from Q1 FY27.

The company announced a phased entry into BESS. The presentation indicates a Phase 1 5 GWh assembly plant expected by Q1 FY28 with capex of INR 150 to 200 crore funded through internal accruals; BESS revenue will be reported as a new segment from FY28.

The presentation and concall indicate initial EBITDA margins of about 6% to 8% for early-stage BESS operations, with management discussing potential improvement as scale and integration increase.