Duroply Industries Ltd (516003)

Duroply Industries reported Q1 FY27 revenue of ₹99.6 crore, up 6.5% YoY but down 10.7% QoQ. Profit before tax decreased to ₹1.04 crore from ₹1.88 crore in Q1 FY26, weighed down by higher brand spends (~4% of sales vs 2.2% YoY) and input cost pressures. Gross margin improved to 35.5% from 34.1% YoY driven by better product mix and manufacturing efficiencies. Working capital saw inventory days elevate to 164 days (vs 145 days last year), while debtor days improved to 38 days.

• Q1 FY27 revenue grew 6.5% YoY to ₹99.6 crore, while declining 10.7% QoQ
• Gross margin improved to 35.5% from 34.1% in Q1 FY26 due to better product mix and plant efficiencies
• EBITDA declined 10.5% YoY to ₹4.82 crore with margins at 4.8% (vs 5.8% YoY) due to higher brand investments
• Profit before tax stood at ₹1.04 crore vs ₹1.88 crore in Q1 FY26 and ₹1.31 crore in Q4 FY26
• Inventory days increased to 164 days (vs 145 days YoY), while debtor days decreased to 38 days (vs 42 days YoY)

Duroply Industries Ltd has published the audio recording of its Earnings Webinar conducted on August 17, 2026, discussing the unaudited financial results for the quarter ended June 30, 2026. For the June 2026 quarter, the company posted a revenue of Rs 99.61 crore and a net profit of Rs 0.61 crore. The full audio recording is hosted on the company's official investor relations portal.

• Earnings webinar conducted on Monday, August 17, 2026 at 11:00 A.M.
• Webinar addressed unaudited financial performance for the quarter ended June 30, 2026
• Audio recording link made accessible on the company website pursuant to Regulation 30

Duroply Industries has announced its 69th Annual General Meeting (AGM) to be held on September 04, 2026, via video conferencing. The company has provided digital access to its Integrated Annual Report for FY 2025-26, a year in which it recorded TTM revenue of ₹403 Cr and a PAT of ₹3 Cr. Shareholders must be on the register by the August 28, 2026, cut-off date to participate in e-voting. The filing also highlights a special SEBI-mandated window for re-lodging physical share transfer requests open until January 06, 2026.

• 69th Annual General Meeting scheduled for September 04, 2026, at 11:00 AM IST
• Cut-off date for determining e-voting eligibility is August 28, 2026
• Remote e-voting period starts September 01, 2026 (9:00 AM) and ends September 03, 2026 (5:00 PM)
• Special window for re-lodgement of physical share transfer requests remains open until January 06, 2026
• TTM revenue stands at ₹403 Cr with a thin OPM of 5.2% as per latest financial context

Duroply Industries has reconstituted its Nomination and Remuneration Committee (NRC) following a board meeting on August 12, 2026. The committee now consists of four members, including three Independent Directors and one Non-Independent Director. Mr. Kulvin Suri, a Non-Executive Independent Director, has been appointed as the Chairman. This is a procedural governance update in compliance with Section 178 of the Companies Act and SEBI Listing Regulations.

• Board meeting held on August 12, 2026, to approve the committee reconstitution
• Committee consists of 4 members, including 3 Independent Directors
• Mr. Kulvin Suri (DIN 03640464) appointed as the Chairman of the NRC
• Compliance update under Regulation 30(5) of SEBI LODR Regulations

Duroply Industries Ltd has announced the reconstitution of its Nomination and Remuneration Committee following a board meeting on August 12, 2026. The committee now comprises four members, including three Independent Directors and one Non-Independent Director. Mr. Kulvin Suri has been appointed as the Chairman of the committee. This is a routine administrative update for the company, which currently has a market capitalization of Rs 108 Cr and reported a TTM revenue of Rs 403 Cr.

• Board meeting held on August 12, 2026, to approve the committee reconstitution
• Committee consists of 4 members: 3 Independent and 1 Non-Independent Director
• Mr. Kulvin Suri (DIN: 03640464) designated as the Chairman of the committee
• Update follows Section 178 of the Companies Act, 2013 and SEBI Regulation 19

Duroply Industries has appointed Shashank Hissaria, its President of Operations with over 30 years of experience, as the new CFO in a dual-responsibility role. The company also reported Q1 FY27 results with revenue of ₹99.61 Cr, a 6.5% YoY increase from ₹93.54 Cr, though Net Profit declined significantly to ₹0.61 Cr from ₹1.55 Cr in the year-ago period. A recovery of ₹2.27 Cr remains under litigation with no interest being charged, which management still considers recoverable. The management change consolidates operational and financial leadership under a long-term company veteran.

• Q1 FY27 Revenue increased to ₹99.61 Cr from ₹93.54 Cr in Q1 FY26
• Net Profit for the quarter fell to ₹0.61 Cr compared to ₹1.55 Cr in the same period last year
• Shashank Hissaria appointed as CFO effective August 12, 2026, while retaining his role as President-Operations
• ₹226.76 Lakhs (₹2.27 Cr) remains outstanding and under litigation with no impairment provision made
• Finance costs for the quarter rose to ₹2.15 Cr from ₹1.99 Cr YoY

Duroply Industries reported a 6.5% YoY increase in revenue to Rs 99.61 Cr for the quarter ended June 30, 2026. However, net profit declined by 60.6% YoY to Rs 0.61 Cr, down from Rs 1.55 Cr in the same period last year. Sequentially, the company returned to profitability after reporting a loss of Rs 2.45 Cr in the March 2026 quarter. The board also appointed Shashank Hissaria, a 30-year company veteran, as the new Chief Financial Officer.

• Revenue from operations increased 6.5% YoY to Rs 99.61 Cr from Rs 93.54 Cr.
• Net profit recovered to Rs 0.61 Cr from a loss of Rs 2.45 Cr in the preceding quarter.
• Finance costs rose significantly to Rs 2.15 Cr compared to Rs 1.32 Cr in the year-ago quarter.
• A recoverable advance of Rs 2.27 Cr remains under litigation with no interest being charged.
• Shashank Hissaria appointed as CFO effective August 12, 2026, in addition to his role as President-Operations.

Duroply Industries reported a modest 6.5% YoY revenue growth to ₹99.61 Cr for Q1 FY27. While net profit declined 60.6% YoY from ₹1.55 Cr to ₹0.61 Cr, the company successfully turned around from a net loss of ₹2.45 Cr in the preceding March quarter. A significant management change was announced with Shashank Hissaria, a 30-year company veteran, taking over as CFO. Auditors continue to highlight a ₹2.27 Cr litigated recoverable amount, which is material given it represents approximately 75% of the company's TTM net profit.

• Revenue from operations increased to ₹99.61 Cr in Q1 FY27 from ₹93.54 Cr in Q1 FY26.
• Net profit for the quarter stood at ₹0.61 Cr, a sharp decline from ₹1.55 Cr in the year-ago period.
• Finance costs rose to ₹2.15 Cr compared to ₹1.99 Cr in the same quarter last year.
• Shashank Hissaria appointed as CFO effective August 12, 2026, moving from his role as President-Operations.
• Auditors flagged ₹226.76 lakhs in litigated recoverables where no interest is being charged and no impairment provision has been made.

Duroply Industries has scheduled an earnings webinar for August 17, 2026, to discuss its unaudited financial results for the quarter ended June 30, 2026. The session will be led by MD & CEO Akhilesh Chitlangia. This follows a volatile FY26 where the company reported a net profit of Rs 3.0 Cr on Rs 403 Cr revenue, including a net loss of Rs 2.45 Cr in the March 2026 quarter. Investors will be looking for signs of margin recovery given the current TTM OPM of 5.2%.

• Earnings webinar scheduled for August 17, 2026, at 11:00 AM IST
• Discussion to focus on unaudited financial results for the quarter ended June 30, 2026
• Management representation by MD & CEO Mr. Akhilesh Chitlangia
• Company reported a net loss of Rs 2.45 Cr in the preceding quarter (March 2026)
• Stock has seen a 50.7% price decline over the last 12 months

Duroply Industries released its FY25-26 Annual Report, detailing a year of internal restructuring including SAP-ERP implementation and a revamped go-to-market strategy. While revenue grew 8.3% to ₹403 Cr, PAT saw a sharp decline to ₹3 Cr from ₹8 Cr in FY25, reflecting margin pressures. The company maintains a wide distribution network of 8,000+ retail outlets and 2,942 channel partners. A notable litigation regarding a ₹2.27 Cr recoverable loan remains unprovisioned, which the management expects to recover.

• Revenue for FY26 stood at ₹403 Cr compared to ₹372 Cr in FY25, an 8.3% increase.
• Distribution network spans 26 States/UTs with 8,000+ retail outlets and 2,942 channel partners.
• Recognized a one-time incremental cost of ₹27.50 lacs due to the New Labour Codes effective November 2025.
• Litigation continues for a ₹226.76 Lacs (₹2.27 Cr) loan recoverable from a third party, representing ~2% of current market cap.
• Credit rating upgraded by CARE to BB+ (Stable) / A4+ reflecting improved liquidity and operating performance.

Duroply Industries has scheduled its 69th Annual General Meeting (AGM) for September 4, 2026, to adopt the FY26 financial statements and re-appoint Mr. Akhilesh Chitlangia as a Whole-Time Director. The company reported a TTM revenue of ₹403 cr but faced a net loss of ₹2.45 cr in the most recent quarter (March 2026). Mr. Chitlangia, who holds 364,893 shares, received a remuneration of ₹63.84 lakhs during FY 2025-26. Shareholders can participate in e-voting from September 1 to September 3, 2026.

• 69th AGM scheduled for September 4, 2026, at 11:00 AM via Video Conferencing.
• Proposed re-appointment of Mr. Akhilesh Chitlangia as Director; he received ₹63.84 lakhs remuneration in FY26.
• Cut-off date for e-voting eligibility is set for August 28, 2026.
• Director Akhilesh Chitlangia holds 364,893 shares as a beneficial owner.
• Register of Members and Share Transfer Books will be closed from August 29 to September 4, 2026.

Duroply Industries has scheduled a board meeting for August 12, 2026, to consider and approve unaudited financial results for the quarter ended June 30, 2026. This follows a weak March 2026 quarter where the company reported a net loss of ₹2.45 crore on revenue of ₹111.59 crore. Investors will be monitoring if the company can return to profitability, given its thin TTM PAT of only ₹3 crore on ₹403 crore revenue. The trading window for designated persons has been closed since July 1, 2026.

• Board meeting scheduled for August 12, 2026, to approve Q1 results.
• Financial results pertain to the quarter ended June 30, 2026.
• Trading window closed from July 1, 2026, until 48 hours post-announcement.
• Company reported a net loss of ₹2.45 crore in the preceding quarter (March 2026).
• TTM Operating Profit Margin stands at a lean 5.2%.