Dutron Polymers September profit rises to Rs 68.60 lakh

Dutron Polymers Limited reported profit after tax of Rs 68.60 lakh for the quarter ended September 30, 2026, up from Rs 33.87 lakh a year earlier. Dutron Polymers’ revenue from operations rose 21.7% year on year to Rs 23.65 crore, although it declined from Rs 27.34 crore in the June 2026 quarter.

How did Dutron Polymers perform in the September quarter?

Dutron Polymers’ September-quarter profit after tax was Rs 68.60 lakh, more than double the Rs 33.87 lakh reported in the September 2025 quarter. Profit was 2.4% lower than Rs 70.32 lakh in the June 2026 quarter. Basic and diluted earnings per share were Rs 1.14, compared with Rs 0.56 a year earlier and Rs 1.17 in the preceding quarter.

Revenue from operations reached Rs 23.65 crore in the quarter ended September 30, 2026, against Rs 19.44 crore in the year-earlier quarter. Revenue fell 13.5% from Rs 27.34 crore in the three months ended June 30, 2026. Other income was Rs 14.32 lakh, compared with Rs 14.85 lakh a year earlier and Rs 14.29 lakh in the June quarter.

Dutron Polymers reported profit before tax of Rs 89.22 lakh for the September quarter, compared with Rs 53.87 lakh in the corresponding quarter of 2025 and Rs 89.95 lakh in June 2026. The company reported no other comprehensive-income items, leaving total comprehensive income at Rs 68.60 lakh. Paid-up equity share capital was unchanged at Rs 6 crore.

What changed in Dutron Polymers’ quarterly cost base?

Dutron Polymers’ reported cost movements show higher material consumption and a reversal in inventory changes between the June and September quarters. Cost of materials consumed was Rs 24 crore in September 2026, versus Rs 22.77 crore in June 2026 and Rs 19.67 crore a year earlier. Changes in inventories of finished goods, work in progress and stock-in-trade were negative Rs 3.81 crore, compared with a positive Rs 1.18 crore in June.

Employee-benefit expense was Rs 2.09 crore in the September quarter, up from Rs 1.99 crore in June but below Rs 2.21 crore in September 2025. Finance cost was Rs 11.54 lakh, compared with Rs 10.51 lakh in June and Rs 11.34 lakh a year earlier. Depreciation and amortisation expense was Rs 23.40 lakh, compared with Rs 22.96 lakh in June.

Other expenses were Rs 26.89 lakh in the September 2026 quarter, below Rs 30.98 lakh in the June quarter and Rs 28.54 lakh a year earlier. The tax line showed a deferred-tax credit of Rs 20.62 lakh, compared with credits of Rs 19.63 lakh in June and Rs 20 lakh in September 2025. The filing identifies one business segment under Indian Accounting Standard 108: manufacturing of plastic pipes.

What were Dutron Polymers’ first-half results?

Dutron Polymers reported first-half revenue from operations of Rs 50.99 crore for the six months ended September 30, 2026, up from Rs 46.38 crore in the corresponding 2025 period. Profit after tax increased to Rs 1.39 crore from Rs 1.21 crore. Profit before tax rose to Rs 1.79 crore from Rs 1.65 crore over the same comparison.

Material consumption for the six months was Rs 46.77 crore, compared with Rs 43.08 crore in the year-earlier period. Employee-benefit expense declined to Rs 4.09 crore from Rs 4.23 crore, while finance cost decreased to Rs 22.05 lakh from Rs 25.82 lakh. Depreciation and amortisation was Rs 46.36 lakh, against Rs 46.63 lakh in the prior-year half.

Basic and diluted earnings per share for the first half were Rs 2.02, unchanged from Rs 2.02 a year earlier. For the financial year ended March 31, 2026, Dutron Polymers reported revenue from operations of Rs 91.91 crore and profit after tax of Rs 2.70 crore. The filing does not disclose a full-year revenue forecast, production target or earnings guidance.

What do Dutron Polymers’ balance sheet and cash flow show?

Dutron Polymers reported total assets of Rs 44.26 crore as at September 30, 2026, compared with Rs 40.32 crore as at September 30, 2025. Inventories increased to Rs 17.58 crore from Rs 14.08 crore, while trade receivables rose to Rs 11.65 crore from Rs 10.18 crore. Cash and cash equivalents stood at Rs 16.64 lakh, versus Rs 1.13 crore a year earlier.

Total equity was Rs 32.34 crore at September 30, 2026, up from Rs 29.46 crore at September 30, 2025. Non-current borrowings were Rs 4.02 crore, compared with Rs 3.21 crore a year earlier. Current borrowings were Rs 1.14 crore and trade payables other than micro, small and medium enterprise creditors were Rs 11.92 crore at the September 2026 date.

Net operating cash inflow was Rs 42.73 lakh for the half year ended September 30, 2026, after direct taxes paid of Rs 40.25 lakh. Cash generated from operations was Rs 82.99 lakh. The cash-flow statement recorded a Rs 3.20 crore increase in trade and other receivables, a Rs 79.32 lakh inventory-related movement and a Rs 75.89 lakh increase in trade payables other than micro, small and medium enterprise creditors.

Investing activities used Rs 11.99 lakh during the six months, including Rs 33.39 lakh spent on property, plant and equipment, partly offset by Rs 21.40 lakh of investment income. Financing activities generated Rs 25.94 lakh, including Rs 42.85 lakh from borrowings and Rs 5.14 lakh from loans, offset by Rs 22.05 lakh of interest expense. Net cash inflow was Rs 56.68 lakh, taking cash and cash equivalents from a negative Rs 40.04 lakh on April 1, 2026 to Rs 16.64 lakh on September 30, 2026.

Were Dutron Polymers’ September results audited?

Dutron Polymers’ quarterly and half-year results were unaudited and were approved by its board on October 31, 2026, following review and recommendation by the audit committee. The company said the results were prepared under Indian Accounting Standards, including Indian Accounting Standard 34 for interim financial reporting, and were subject to a limited review by its statutory auditor.

Krutesh Patel & Associates, in its October 31, 2026 limited-review report, said nothing had come to its attention indicating that the financial statement did not make required disclosures or contained a material misstatement. The auditor stated that a review is substantially narrower in scope than an audit and therefore did not express an audit opinion. The filing also says the second-quarter figures are balancing figures between the half-year results and the first-quarter results.

What is the status of the tribunal matter involving Dutron Polymers?

The National Company Law Tribunal, Ahmedabad Court-2, said in an order delivered on October 29, 2026 that a personal dispute was affecting the interests of Dutron Polymers, which is listed on BSE. The tribunal recorded that mediation had failed and directed both parties to resolve the matter in a board meeting, where both were members of the board.

The tribunal directed Dutron Polymers’ three independent directors to file an independent report on the company’s affairs by the next hearing date. It also required the company secretary to provide BSE with a copy of the order before the next board meeting. The matter was listed for further consideration on December 10, 2026.

Conclusion

Dutron Polymers increased September-quarter profit to Rs 68.60 lakh from Rs 33.87 lakh a year earlier as revenue rose to Rs 23.65 crore from Rs 19.44 crore. Sequentially, revenue declined from Rs 27.34 crore and profit was slightly below the June-quarter figure, while first-half revenue and profit both exceeded the corresponding 2025 period.

The next financial disclosures will show whether inventories of Rs 17.58 crore, receivables of Rs 11.65 crore and the Rs 42.73 lakh first-half operating cash inflow change after September. Separately, the tribunal’s December 10, 2026 hearing follows its direction for independent directors to submit a report and for the parties to attend a board meeting.