A micro-cap stock engaged in plywood manufacturing jumped 17 percent after the company announced its quarterly results, reporting strong revenue growth and a 124 percent quarter-on-quarter rise in net profit.
During Wednesday’s trading session, Duroply Industries Ltd reached an intra-day high of Rs.221.00 per share, rising 17.3 percent from its previous close of Rs.188.45 each. The shares have retreated since then and currently trading at Rs.210.95 apiece. Over the past five years, the shares have delivered over 670 percent returns.
Financial Performance
Duroply Industries Ltd experienced a significant rise fueled by strong revenue and net profit growth, as reflected in its latest financial results. In Q4 FY25, the company reported revenue of Rs.106.45 crore, marking a 25.65 percent increase from Rs.84.70 crore in Q4 FY24. On a sequential basis, revenue grew by 18.07 percent from Rs.90.14 crore in Q3 FY25, reflecting strong operational momentum.
Net profit for the quarter stood at Rs.2.73 crore, up from a net loss of Rs.1.22 crore in the same period last year. The company also reported a 124 percent surge from a net profit of Rs.1.22 crore in Q3 FY25, indicating a significant improvement in profitability.
The company’s cost of goods sold (COGS%) stood at 65.14 percent in Q4 FY25, improving from 66.92 percent in the same quarter last year and 65.76 percent in the previous quarter. EBITDA for the quarter came in at Rs.54.18 million, reflecting a strong growth of 274.9 percent year-on-year and 24.1 percent sequentially. The EBITDA margin also improved to 5.09 percent, up from 1.71 percent in Q4 FY24 and 4.86 percent in Q3 FY25, indicating enhanced operational efficiency.
Management Commentary
Commenting on the results, Mr. Akhilesh Chitlangia, Managing Director, Duroply, said, “We are excited with our 4th quarter results as due to our persistent efforts, we have now crossed the Rs.100 crore benchmark – a first for the company. Our robust annual growth of 15 percent stands out in the industry. It gives us immense confidence that the efforts and initiatives we have taken thus far have begun bearing fruits.”
He added, “We are optimistic about our long-term growth. We are continuing to invest in our supply chain, team, and brand-building activities, and we expect that our strong growth continues in the coming years as well.”
Written by – Siddesh S Raskar
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