Audited Financial Results for the quarter and financial year ended March 31, 2026
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Duroply Industries reported revenue of ₹40,267.35 lakhs for FY2026, up 8.3% from ₹37,179.15 lakhs in FY2025. However, net profit dropped sharply to ₹293.74 lakhs from ₹777 lakhs in the prior year, a decline of about 62%. The Q4 quarter ended with a net loss of ₹245.19 lakhs. The sharp decline in profitability was primarily due to a significant deferred tax expense of ₹347.08 lakhs (compared to a tax credit of ₹91.25 lakhs in FY2025). The company recognized an exceptional item of ₹27.50 lakhs as past service cost due to new labour codes effective November 2025. The auditors issued an unmodified opinion but included emphasis of matter on warrant conversion, labour code changes, and a ₹226.76 lakh advance recoverable from a company under litigation.
The sharp 62% decline in annual profit despite modest revenue growth is negative for shareholders. The large deferred tax charge and Q4 loss suggest profitability pressure. The unmodified audit opinion is reassuring, but the litigation-related advance warrants monitoring.