Duroply Industries Seeks Shareholder Approval for Executive Pay Hike
Duroply Industries Limited has initiated a postal ballot to revise remuneration packages for top executives. The company proposes to increase the Executive Chairman's annual salary to Rs 70 lakh with potential incentives up to Rs 60 lakh, and the Managing Director & CEO's salary to Rs 60 lakh with incentives up to Rs 40 lakh, effective October 1, 2025. The e-voting period for shareholders runs from August 12 to September 10, 2025. Despite reporting total revenue of Rs 371.79 crore and net profit of Rs 7.77 crore for FY 2024-25, the company considers profits inadequate for managerial remuneration under statutory provisions. In Q1 FY26, Duroply reported 10.3% YoY revenue growth to Rs 93.50 crore and a 50% increase in profit before tax to Rs 1.88 crore. The company aims to improve operational efficiencies, expand its asset-light model, and target EBITDA margins of 6.5-7% by FY27.
Duroply Industries saw a 10.3% year-over-year revenue increase to Rs 93.5 crores in Q1, despite challenges in the premium segment. Profit before tax improved by 50% to Rs 1.88 crores, and EBITDA grew 31% to Rs 5.39 crores. The company's mid-segment brand 'Tower' showed robust 45% growth. Contract manufacturing grew 24.9%, while in-house manufacturing remained flat. The company is focusing on an asset-light model and digital initiatives to improve sales productivity. Duroply targets EBITDA margins of 6.5-7% by FY27 and ROCE of 9-12% by FY26. A postal ballot notice has been issued for revising remuneration structures of key executives.
Duroply Industries Limited announced its Q1 FY2026 financial results, showing resilience despite market headwinds. Revenue increased 10.3% year-over-year to Rs 93.54 crore, while EBITDA rose 34.6% to Rs 5.39 crore. However, PAT decreased to Rs 1.55 crore from Rs 3.32 crore last year. The company faced liquidity challenges and a slowdown, particularly in North India. Despite this, Duroply remains optimistic about future growth, citing investments in infrastructure, marketing, and sales force. The company is positioning itself to capitalize on industry trends such as expanding market potential, increasing demand for eco-friendly products, and growth in the furniture industry.
31Jul 25
Duroply Industries Appoints Astha Gupta as Senior Management Personnel, Reports 49.6% Increase in Q1 Profit
Duroply Industries Limited has appointed Ms. Astha Gupta as Senior Management Personnel effective July 31, 2025. The company also reported Q1 FY26 financial results, showing a 49.6% increase in Profit Before Tax to Rs. 1.89 crore, a 38.8% rise in EBIT to Rs. 4.07 crore, and a 10.3% growth in revenue to Rs. 93.54 crore compared to Q1 FY25. Despite positive year-on-year results, quarterly revenue decreased by 12.0% from Q4 FY25. The company's Managing Director cited liquidity challenges and market slowdown but expressed optimism for future growth.
Duroply Industries Limited announced robust financial results for Q1 FY2026. Revenue from operations increased by 25.4% quarter-on-quarter to ₹106.35 crore. Net profit surged by 163.2% to ₹3.32 crore compared to the previous quarter. The company's basic EPS improved to ₹3.36, up from ₹1.28 in Q4 FY2025. These results, reviewed by the Audit Committee and approved by the Board of Directors, indicate strong market demand and effective cost management.