Ddev Plastiks Industries Ltd - 543547 - Clarification sought from Ddev Plastiks Industries Ltd
The Exchange has sought clarification from Ddev Plastiks Industries Ltd on June 5, 2023 with reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded.The reply is awaited. Ddev Plastiks Industries Ltd - 543547 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find attached the newspaper publication made in respect to Postal Ballot Notice. Q4FY23 Quarterly & FY23 Annual Result Announced for Ddev Plastiks Industries Ltd.
Plastics Products company Ddev Plastiks Industries announced Q4FY23 & FY23 results: Q4FY23: Revenue from Operations stood at Rs 6,672 million with growth of 7.2% on YoY basis EBITDA stood at Rs 754 million, a growth of 94.7% on YoY basis with margin of 11.2% PAT of Rs 483 million, a growth of 167.5% on YoY basis with margin of 7.1% FY23: Revenue from Operations stood at Rs 25,037 million with growth of 12.4% on YoY basis EBITDA stood at Rs 1,857 million, a growth of 45.2% on YoY basis with margin of 7.3% PAT of Rs 1,041 million, a growth of 90.0% on YoY basis with margin of 4.1% Cash from operations increased by Rs 1,186 million to Rs 1,451 million in FY23 Commenting on the performance, Narrindra Suranna, Chairman and Managing Director said: “FY23 has proven to be a remarkable year for our Company as we became public, thus advancing ourselves towards a promising future. We successfully navigated through challenges posed by the volatile economic environment, including supply chain disruptions and escalating commodity and energy prices. Despite the headwinds in FY23, our operational and financial performance exceeded our expectations. In Q4 FY23, the Company has achieved its highest ever financial performance, Revenue from Operations of Rs 6,672 million with a growth of 7.2% on YoY basis. EBITDA of Rs 754 million with margin of 11.2%, owing to higher operational efficiencies. PAT of Rs 483 million with margin of 7.1%. The growth was primarily driven by high demand from cable industries. This outstanding performance boosts our confidence and assures that we are on track to achieve our strategic and financial goals. Domestic operations accounted for 70% of our Company's revenue in the quarter, exhibiting a growth of 53.1% compared to the same period last year. Whereas exports contributed 30% to our revenue. We are dedicated to expanding our global exports, which will further enhance our top-line growth. During the fiscal year, we achieved a significant milestone as our Return on Equity (ROE) exceeded the 20% threshold for the first time in the company's history. Additionally, we successfully reduced our net debt by Rs 742 million to reach Rs 488 million, driven by improved cash flow from operations and a leaner working capital cycle. We are delighted to announce that the Company has recommended the issuance of a bonus share of 1 share for every 10 shares held, as a token of appreciation for our shareholders' trust and support. Furthermore, we have recommended a final dividend @100% (i.e., Re 1 per fully paid-up Equity Share of Re 1), demonstrating our commitment to delivering sustainable long-term returns to our shareholders while maintaining a robust financial position. As we move forward, our commitment towards excellence and growth remains unchanged. We will continue to prioritize customer satisfaction and innovation, while also seeking out new opportunities for expansion and diversification in India and globally. With favourable demography, robust economy, and supportive government policies, the potential for success and value creation for our shareholders will be significant. Backed by our superior manufacturing and product innovation capabilities, we remain confident of our growth in FY24 and beyond.” Result PDF Ddev Plastiks Industries Ltd - 543547 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Please find attached the Notice of Postal Ballot dated 16.05.2023 to transact the business as specified therein, only through Remote E-Voting, pursuant to MCA and SEBI Circulars in this regard. Ddev Plastiks Industries Ltd - 543547 - Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
Please find the revised Press Release in respect to 04th Quarter and Financial Year ended 31.03.2023 Ddev Plastiks Industries Ltd - 543547 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find the revised Investor Presentation. Ddev Plastiks Industries Ltd - 543547 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Please find attached the Annual Secretarial Compliance Report issued by Practicing Company Secretary and taken on record by the Board of Directors at its meeting held on 16.05.2023. Ddev Plastiks Industries Ltd - 543547 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find attached the Press Release in respect as approved at the Board Meeting held on 16.05.2023. Ddev Plastiks Industries Ltd - 543547 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find attached the Investor Presentation in relation to 04th Quarter and Financial Year ended 31st March 2023, as approved by the Board at its meeting held on 16.05.2023. Ddev Plastiks Industries Ltd - 543547 - Audited Financial Results For The Quarter And Financial Year Ended 31.03.2023
The Audited Financial Results for the Quarter and Financial Year ended 31.03.2023, along with Statutory Auditors Report thereon and Declaration on unmodified opinion was reviewed and approved by the Audit Committee and Board, at its respective meeting held on 16.05.2023