Ddev Plastiks Industries Q1 Results Total Income at ₹63,171.81 Lakhs

Ddev Plastiks Industries Q1 Results: Ddev Plastiks Industries' Q1 results show changes in their financial performance both quarter-on-quarter (QoQ) and year-over-year (YoY). The Total Revenue for this quarter is ₹625.43 crores, which decreased by 6.27% compared to the previous quarter (QoQ). However, when looking at it year-over-year (YoY), it only decreased slightly by 1.99%, showing that the company's revenue was relatively stable over the past year.

Ddev Plastiks Industries’ Operating Income also dropped by 13.17% quarter-on-quarter (QoQ), going from ₹63.38 crores in the last quarter to ₹55.04 crores now. Despite this, the operating income increased year-over-year (YoY) by 8.62%, showing improvement compared to the same period last year.

Ddev Plastiks Industries’ Net Income, which is the company's profit after taxes, fell by 12.16% compared to the last quarter (QoQ), but when compared year-over-year (YoY), it actually improved by 12.27%. This indicates the company earned more profit this year compared to the same period last year.

Ddev Plastiks Industries’ EPS also decreased quarter-on-quarter (QoQ) by 12.21%, but year-over-year (YoY), it grew by 12.27%. This means that shareholders received more earnings per share compared to last year, even though the recent quarter saw a slight decline. Overall, the company had a mixed performance, with some quarterly declines but good year-over-year (YoY) improvements.

Here's a simplified summary of Ddev Plastiks Industries' Q1 results:

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Ddev Plastiks Industries Q1 Results 

The table shows the financial results of DDEV Plastiks Industries for the quarter ending on June 30, 2024, and compares them with previous periods. For the quarter ended June 30, 2024, the company earned Rs. 62,543.29 lakhs from its main business activities and Rs. 628.52 lakhs from other sources, totaling Rs. 63,171.81 lakhs in income. This is slightly lower than the previous quarter's total income of Rs. 60,522.18 lakhs but still close to the income earned a year ago.

Ddev Plastiks Industries’ expenses for this quarter were Rs. 57,488.79 lakhs. Major expenses included Rs. 52,390.27 lakhs for materials, Rs. 981.10 lakhs for employee benefits, and Rs. 449.44 lakhs for finance costs. Compared to the previous quarter, these expenses increased, which impacted the overall profit. The company had a profit of Rs. 5,683.02 lakhs before taxes, lower than the Rs. 8,228.66 lakhs earned last quarter.

Ddev Plastiks Industries’ after accounting for taxes, the profit for this quarter was Rs. 4,245.04 lakhs, which is an increase from Rs. 3,781.05 lakhs a year ago. Additionally, there was a small loss recorded in other comprehensive income. Overall, while the company faced higher costs, it still managed to improve its profit compared to last year.

Here's a simplified version of the unaudited financial results for DDEV Plastiks Industries for the quarter ended June 30, 2024:

Ddev Plastiks Industries Financial Metrics

Ddev Plastiks Industries is a company with a market value of ₹3,652 crores, meaning it is valued at this amount on the stock market. The current price of its stock is ₹353, which has fluctuated between a high of ₹458 and a low of ₹160 over time. The stock’s price-to-earnings (P/E) ratio is 19.7, indicating how much investors are willing to pay for each unit of earnings. The book value, or net worth per share, is ₹63.8. The dividend yield is 0.43%, showing the annual dividend compared to the stock price.

Here’s the information in table format:

Quarterly Results 

The financial results for Ddev Plastiks Industries from December 2023 to June 2024 show a steady performance. In December 2023, sales were Rs. 554 crores, while expenses were Rs. 493 crores, leading to a net profit of Rs. 40 crores and an EPS of Rs. 3.87. By March 2024, sales increased to Rs. 597 crores, and expenses rose slightly to Rs. 513 crores, but the company saw a higher net profit of Rs. 62 crores and an EPS of Rs. 5.95. 

Here's the transposed summary for Dec 2023, Mar 2024, and Jun 2024 with the particulars:

About Ddev Plastiks Industries 

Ddev Plastiks Industries is a leading manufacturer of specialty polymer compounds in India, established in 1977. The company has grown to become a major player in the polymer industry, providing high-quality products for various sectors. Led by Chairman and Managing Director, Mr. Narrindra Suranna, Ddev Plastiks has built a strong reputation as one of the largest manufacturers of polyethylene (PE) compounds, particularly for low and medium power cables. These compounds are essential in industries like power cable manufacturing, building wires, packaging, and footwear.

Ddev Plastiks Industries success comes from its investment in modern technology and research and development (R&D) facilities, allowing them to innovate and diversify their product range. With an annual production capacity of 250,000 metric tons, Ddev Plastiks serves clients not only in India but also in nearly 50 countries worldwide. Their products meet international quality standards, making them a trusted name in the industry.

Ddev Plastiks Industries operates efficiently by managing its raw materials and inventory well, which helps them maintain stable profitability, even when raw material prices fluctuate. With five manufacturing sites and regional offices, Ddev Plastiks continues to expand its global footprint, aiming for sustainable growth while delivering high-quality products to its customers.