Duroply Industries September-quarter profit rises 82% year on year

Duroply Industries Limited reported net profit of Rs 4.38 crore for the quarter ended September 30, 2026, up 82% from a year earlier, as revenue from operations rose 17% to Rs 122.24 crore. Profit before tax also increased 82% to Rs 4.86 crore, while total expenses grew 15% to Rs 117.39 crore.

How did Duroply Industries perform in the September 2026 quarter?

Duroply Industries increased revenue, profit before tax and net profit in the quarter ended September 30, 2026. Revenue from operations rose by Rs 17.75 crore from Rs 104.49 crore in the quarter ended September 30, 2025, while total income reached Rs 122.25 crore. Other income, however, fell to Rs 0.96 lakh from Rs 29.75 lakh a year earlier.

Profit before tax rose to Rs 4.86 crore from Rs 2.67 crore, and net profit increased to Rs 4.38 crore from Rs 2.41 crore. Basic and diluted earnings per share, not annualised, rose to Rs 4.03 from Rs 2.43. The audit committee reviewed the unaudited results and the board approved them on November 13, 2026.

What changed in Duroply Industries’ September-quarter costs?

Duroply Industries’ total expenses rose 15% year on year to Rs 117.39 crore, below the 17% growth in revenue from operations. Cost of materials consumed increased to Rs 41.25 crore from Rs 35.06 crore, purchases of stock-in-trade rose to Rs 43.08 crore from Rs 40.94 crore, and other expenses climbed to Rs 20.88 crore from Rs 17.50 crore.

The inventory-change line remained a credit of Rs 4.32 crore, compared with a larger Rs 7.90 crore credit in the September 2025 quarter. Depreciation and amortisation rose to Rs 1.89 crore from Rs 1.42 crore, while employee benefits expense was nearly unchanged at Rs 12.74 crore against Rs 12.72 crore. Finance costs declined to Rs 1.87 crore from Rs 2.38 crore.

Tax expense was Rs 48.26 lakh in the September 2026 quarter, compared with Rs 25.99 lakh a year earlier. The current-tax charge was Rs 1.37 crore, partly offset by a deferred-tax credit of Rs 88.38 lakh. Duroply Industries reported one operating segment, so the filing provides no revenue or profitability split by product or business segment.

How did Duroply Industries’ first-half results compare with last year?

Duroply Industries reported revenue from operations of Rs 221.86 crore for the half year ended September 30, 2026, up 12% from Rs 198.03 crore in the corresponding six months of 2025. First-half profit before tax increased 30% to Rs 5.90 crore, while net profit rose 26% to Rs 4.98 crore from Rs 3.96 crore.

The September quarter accounted for Rs 4.38 crore of the Rs 4.98 crore first-half net profit, following net profit of Rs 60.80 lakh in the quarter ended June 30, 2026. Revenue from operations also rose sequentially from Rs 99.61 crore in the June 2026 quarter to Rs 122.24 crore in the September 2026 quarter.

What do Duroply Industries’ cash flow and balance sheet show?

Duroply Industries generated net cash from operating activities of Rs 10.65 crore in the half year ended September 30, 2026, against net cash used in operating activities of Rs 6.43 crore in the prior-year period. Cash generated from operating activities before direct taxes was Rs 11.90 crore, compared with an outflow of Rs 6.56 crore a year earlier.

Working-capital movements included a Rs 14.73 crore increase in inventories and a Rs 4.01 crore increase in other current assets during the six months. The reported cash flow also included a Rs 17.69 crore increase in trade payables, compared with a Rs 2.01 crore decrease in the corresponding prior-year half. Investing activities used Rs 5.71 crore, including Rs 4.70 crore of additions to property, plant and equipment.

Total assets were Rs 323.41 crore at September 30, 2026, compared with Rs 301.53 crore at March 31, 2026. Inventories rose to Rs 118.62 crore from Rs 103.89 crore, while trade receivables were largely stable at Rs 46.41 crore versus Rs 46.25 crore. Current borrowings increased to Rs 56.74 crore from Rs 55.50 crore, whereas non-current borrowings declined to Rs 8.75 crore from Rs 9.35 crore.

What unresolved receivable did Duroply Industries disclose?

Duroply Industries said loans included Rs 2.27 crore recoverable from another company as of September 30, 2026, and that the matter is under litigation. The filing states that no interest is being charged on the outstanding amount. Management assessed the amount as recoverable and did not recognise an impairment or expected-credit-loss provision.

Duroply Industries also stated that it had no subsidiary, associate or joint venture at September 30, 2026. Its statutory auditor carried out a limited review of the quarterly and half-year results, which were prepared under Indian Accounting Standard 34, Interim Financial Reporting.

Conclusion

Duroply Industries combined 17% September-quarter revenue growth with an 82% increase in both profit before tax and net profit. Expenses grew more slowly than revenue, finance costs declined by Rs 50.06 lakh year on year, and first-half operating cash flow moved to an inflow of Rs 10.65 crore from an outflow of Rs 6.43 crore.

The disclosed unresolved matter to watch is the Rs 2.27 crore loan under litigation, for which management has made no impairment provision because it expects recovery. The September 30, 2026 balance sheet also showed inventories of Rs 118.62 crore, up Rs 14.73 crore from March 31, 2026, alongside current borrowings of Rs 56.74 crore.