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Ddev Plastiks Industries Ltd held a conference call on 14 November 2024 to discuss the results for the quarter ended September 2024 and way forward. Mr. Narrindra Suranna – Managing Director, Mr. Ddev Surana – Chief Executive Officer, Mr. Rajesh Kothari – Director and Mr. Arihant Bothra – Chief Financial Officer of the company addressed the call.

Highlights of the Concall

• Volume growth in Q2 was 3% at 45000 tonne while in H1 it was 11% at 91000 tonne

• Export growth declined by around 12-13% during the quarter led by higher freight rates and lower realizations due to fall in polymer prices.

• The demand environment across the sector remains strong. Following the General assembly elections, Government spending and infrastructure investment have increased creating a positive momentum.

• The government is expected to continue increasing its spending in the remaining months of the fiscal year to meet the budget targets which will ...
  
  
  
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