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Plastic Products company Ddev Plastiks Industries announced FY24 results:
- Rs 2,431 crore Revenue
- Rs 282 crore EBITDA
- Rs 182 crore PAT
- 4 Decade of Operations – current capacity 2,37,500 MTPA (as of April, 2024).
- 5 manufacturing units with state-of-the art machinery, infrastructure, equipment, and R&D facilities.
- Diverse product portfolio with more than 200 compounds.
- Proven track record: FY20-FY24 CAGR
- Revenue – 9%, EBITDA – 36%, PAT-60%
Commenting on the Performance, Narrindra Suranna, Chairman and Managing Director said: "I am excited to share another exceptional fiscal of strong performance. We achieved a remarkable 52% EBITDA growth YoY expanding the margin to 12% in FY24; this has been the first year post the de-merger we were able to record a double digit EBITDA Margin and aim to sustain it in the coming years as well. In the current fiscal Net profit (PAT) grew substantially by 75% to Rs 182 crore, solidifying our strong financial performance.
As we move forward, we remain committed to leveraging our operational strengths, fostering innovation, and strengthening our market presence and creating superior Stakeholder value ."
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