Durlax Top Surface FY26 net profit rises 68.5% to ₹1,263.65 lakh
Durlax Top Surface Limited reported a 68.5% rise in FY26 net profit to ₹1,263.65 lakh, with revenue growing to ₹18,455.35 lakh. The company completed a ₹49.22 crore Rights Issue, utilizing proceeds for capital expenditure and working capital, with no deviations in fund usage reported.
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Durlax Top Surface Limited has reported its annual audited standalone financial results for the year ended March 31, 2026, recording a 68.5% rise in net profit. The company’s profit after tax for the year stood at ₹1,263.65 lakh, compared to ₹749.65 lakh in the corresponding period of the previous year. Revenue from operations increased to ₹18,455.35 lakh for FY26, up from ₹12,265.25 lakh in FY25, driven by higher operational activity.
Financial Performance
The total income for the year, comprising revenue from operations and other income, reached ₹18,687.53 lakh, a significant increase over the ₹12,482.01 lakh reported in the prior year. Total expenses for the period amounted to ₹16,906.76 lakh, compared to ₹11,485.30 lakh in FY25. The company’s earnings per share (EPS) for the year was reported at ₹7.22 on a basic and diluted basis, slightly lower than the ₹7.40 recorded in the previous year.
Rights Issue and Fund Utilization
During the year, the company completed a Rights Issue of 1,23,04,497 fully paid-up equity shares with a face value of ₹10 each at an issue price of ₹40 per share. The issue, which aggregated to ₹49.22 Crores, was listed on the National Stock Exchange of India Limited on March 10, 2026. The proceeds raised have been utilized for various corporate objectives including capital expenditure, working capital, and general corporate purposes.
| Particulars | Amount to be utilised (₹ in lakhs) | Utilised upto March 31, 2026 (₹ in lakhs) | Unutilised balance (₹ in lakhs) |
|---|---|---|---|
| Capital Expenditure for New Machinery and Civil and Mechanical works | 1,300.00 | 895.01 | 404.99 |
| Working Capital | 1,200.00 | 1,200.00 | - |
| Launch of TRUDOX® Assa Premium Collection | 950.00 | 430.00 | 520.00 |
| General Corporate Purposes | 1,121.80 | 1,121.80 | - |
| Issue Expenses | 350.00 | 324.00 | 26.00 |
| Total | 4,921.80 | 3,970.81 | 950.99 |
Balance Sheet and Cash Flow
The company’s balance sheet size expanded significantly, with total assets reaching ₹17,536.06 lakh as of March 31, 2026, compared to ₹11,477.93 lakh in the previous year. Shareholders' equity increased to ₹11,652.29 lakh, bolstered by the infusion of funds from the Rights Issue. The cash flow statement reflected a net increase in cash and cash equivalents of ₹1,437.27 lakh during the year, primarily driven by financing activities which generated a net inflow of ₹3,964.64 lakh.
Audit and Compliance
The Statutory Auditors, M/s. N.K. Mittal & Associates, issued an audit report with an unmodified opinion on the audited annual financial statements for the year ended March 31, 2026. The company confirmed that there were no deviations or variations in the use of proceeds from the Rights Issue compared to the objects stated in the Letter of Offer. The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 21, 2026.
Historical Stock Returns for Durlax Top Surface
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.96% | +10.83% | +23.55% | +63.08% | +25.90% | -39.21% |
How will the remaining ₹950.99 lakh from the Rights Issue be allocated in the coming fiscal year?
What revenue impact is expected from the launch of the TRUDOX® Assa Premium Collection given the partial fund utilization?
Will the company consider further equity dilution or debt instruments to fund future capital expenditure?
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