Audited Financial Results for the Quarter and Financial Year ended March 31, 2026
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Duroply Industries reported audited FY2026 results with revenue growing 8.3% to Rs 4,027 lakhs from Rs 3,718 lakhs. However, net profit dropped sharply by 62% to Rs 294 lakhs from Rs 777 lakhs in FY2025. The Q4 quarter ended with a net loss of Rs 245 lakhs despite revenue of Rs 1,116 lakhs. The sharp profit decline is mainly due to a high tax expense of Rs 402 lakhs (compared to negative tax of Rs 91 lakhs last year), a 24% rise in finance costs, and a 24% increase in employee costs. The company also incurred an exceptional charge of Rs 27.5 lakhs for past service cost related to new labour codes. An unmodified audit opinion was issued by S K Agrawal and Co. The auditor emphasized matters including Rs 226.76 lakhs recoverable from a company under litigation and the warrant conversion of 985,220 shares in September 2025.
The 62% profit decline and Q4 loss are significant red flags for shareholders despite modest revenue growth. The high tax outgo and rising operating costs compressed profitability. The stock may face negative sentiment in the near term.