Duroply Industries Limited , a leading plywood manufacturer in India, has made significant strides in both its management structure and financial performance, as revealed in recent company announcements.

New Senior Management Appointment

The company has appointed Ms. Astha Gupta as Senior Management Personnel, effective July 31, 2025. Ms. Gupta, who previously served as Deputy General Manager of Business Excellence at Duroply, brings a wealth of experience and qualifications to her new role.

A qualified Chartered Accountant with an MBA from IIM, where she received a Gold medal for outstanding all-round performance, Ms. Gupta has over 10 years of experience in business analytics, strategy planning, and cost optimization. Her appointment, recommended by the Nomination & Remuneration Committee and approved by the Board, is expected to drive operational excellence within the company.

Q1 FY26 Financial Highlights

Alongside this strategic appointment, Duroply Industries has released its financial results for the first quarter of the fiscal year 2026, showing remarkable growth:

• Profit Before Tax (PBT): Increased by 49.6% to Rs. 1.89 crore, up from Rs. 1.26 crore in Q1 FY25.
• Earnings Before Interest and Taxes (EBIT): Rose by 38.8% to Rs. 4.07 crore, compared to Rs. 2.93 crore in the same quarter last fiscal.
• Revenue: Grew by 10.3% to Rs. 93.54 crore, up from Rs. 84.82 crore in Q1 FY25.

Financial Performance Table

Despite these positive year-on-year results, it's worth noting that revenue decreased by 12.0% compared to the previous quarter (Q4 FY25), from Rs. 106.35 crore to Rs. 93.54 crore in Q1 FY26.

Management Commentary

Mr. Akhilesh Chitlangia, Managing Director and Chief Executive Officer of Duroply, commented on the results: "This quarter saw liquidity challenges in the retail market and a war-like situation in the month of May, which led to a significant slowdown, especially in North India, resulting in muted growth. However, our investments in infrastructure over the past year are now starting to yield improvements in our operating margins."

Looking ahead, Mr. Chitlangia added, "With the easing of monetary policy and our continued investment in infrastructure, marketing, and sales force, we expect our growth rate and profitability to increase in coming quarters."

Duroply Industries Limited, with its 68-year legacy, continues to focus on customer-centric innovation and sustainability, offering a wide range of plywood, block boards, doors, and decorative veneers. The company's strategic appointments and financial performance indicate its commitment to growth and operational excellence in the competitive plywood manufacturing sector.

Duroply Industries Limited , a leading player in the plywood and laminates industry, has announced its unaudited financial results for the first quarter ended June 30, 2025, showcasing robust growth and improved profitability.

Revenue Surge

The company reported a significant increase in revenue from operations, reaching ₹106.35 crore for Q1 FY2026. This represents a substantial growth of 25.4% compared to ₹84.82 crore in the previous quarter and a 13.7% increase from ₹93.54 crore in the same quarter last year. The strong revenue performance indicates a positive market demand for Duroply Industries' products and effective sales strategies.

Profit Boost

Duroply Industries witnessed a remarkable improvement in its bottom line. The net profit for Q1 FY2026 stood at ₹3.32 crore, showing a significant jump of 163.2% from ₹1.26 crore in the previous quarter and a 21.3% increase from ₹2.73 crore in Q1 FY2025. This substantial profit growth reflects the company's ability to manage costs effectively while capitalizing on increased sales.

Financial Highlights

Here's a summary of Duroply Industries' Q1 FY2026 financial performance:

Improved Earnings Per Share

The company's earnings per share (EPS) also saw a significant uptick. The basic EPS for Q1 FY2026 was reported at ₹3.36, compared to ₹1.28 in the previous quarter and ₹2.77 in the same quarter of the previous year. The diluted EPS stood at ₹3.06, indicating potential for future growth.

Management Approval and Audit Review

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. Additionally, the statutory auditors, S K Agrawal and Co Chartered Accountant LLP, have carried out a limited review of the results for the quarter ended June 30, 2025, ensuring compliance with regulatory requirements.

Conclusion

Duroply Industries Limited's strong performance in Q1 FY2026 demonstrates the company's resilience and growth potential in the competitive plywood and laminates market. With significant improvements in revenue and profitability, the company appears well-positioned for continued success in the coming quarters. Investors and stakeholders will likely keep a close watch on Duroply Industries' future performance to see if this positive trend continues.