{"id":38048,"date":"2023-03-15T11:58:06","date_gmt":"2023-03-15T06:28:06","guid":{"rendered":"https:\/\/plyinsight.com\/?p=38048"},"modified":"2023-03-22T10:59:56","modified_gmt":"2023-03-22T05:29:56","slug":"duroply-continues-its-improved-performance","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/duroply-continues-its-improved-performance\/","title":{"rendered":"DUROPLY CONTINUES ITS IMPROVED PERFORMANCE"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p style=\"text-align: center;\"><strong><span style=\"color: #ff0000;\">DUROPLY CONTINUES ITS IMPROVED PERFORMANCE WITH ROBUST BUSINESS MANAGEMENT<\/span><\/strong><\/p>\n<p><span style=\"color: #000000;\">Duroply Industries Limited, India&#8217;s premium and most experienced plywood manufacturer amongst the leading players, has reported an impressive 60.2% growth in sales during first nine months this fiscal, to Rs. 218.12 crores from Rs. 136.20 crores reported for same period last fiscal.<\/span><\/p>\n<p><span style=\"color: #000000;\">Sales grew by 30.5% in Q3 FY23 over same quarter last fiscal, rising to Rs. 71.74 crores from Rs. 54.98 crores. <\/span><br \/>\n<span style=\"color: #000000;\">The Company has maintained its profitable journey and has reported profit after tax of Rs. 0.72 crore during the quarter ended Dec 31, 2022.<\/span><\/p>\n<p><span style=\"color: #000000;\">Earnings before Interest and Tax (EBIT) during Q3 FY23 increased by 21.3%, to Rs. 2.47 crore from Rs. 2.04 crore during same quarter last fiscal.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Results at a glance:<\/strong><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-38052\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-15-120505-300x68.jpg\" alt=\"DUROPLY CONTINUES ITS IMPROVED PERFORMANCE\" width=\"724\" height=\"164\" srcset=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-15-120505-300x68.jpg 300w, https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-15-120505-1024x233.jpg 1024w, https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-15-120505-768x174.jpg 768w, https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-15-120505-18x4.jpg 18w, https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-15-120505.jpg 1127w\" sizes=\"auto, (max-width: 724px) 100vw, 724px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-38051\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-15-120517-300x73.jpg\" alt=\"DUROPLY CONTINUES ITS IMPROVED PERFORMANCE\" width=\"723\" height=\"176\" srcset=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-15-120517-300x73.jpg 300w, https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-15-120517-768x188.jpg 768w, https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-15-120517-18x4.jpg 18w, https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-15-120517.jpg 1022w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/p>\n<p><span style=\"color: #000000;\">Commenting on the results, <strong>Mr. Akhilesh Chitlangia, Executive Director and Chief Operating Officer, Duroply,<\/strong> said, <em>\u201cWe are buoyed with our performance this quarter. Demand in Quarter 3 is always challenging due to the festive seasons across India. In addition, the inflationary pressure have posed significant challenges on business operations. Despite this, we have continued our growth and profitable turnaround.<\/em><\/span><\/p>\n<p><span style=\"color: #000000;\"><em>Following the infusion of funds by way of preferential issue of fresh equity and warrants in Q2 FY 23, we have also substantially increased our marketing spend, from 1.6% of turnover last FY to over 4% in current financial year. The benefits of this investment are expected to be reaped in the forthcoming quarters.<\/em><\/span><\/p>\n<p><span style=\"color: #000000;\"><em>In addition, we have seen a substantial decrease in our interest costs, which is down by 18% QOQ basis and by 28% YOY basis in Q3 FY 23.<\/em><\/span><\/p>\n<p><span style=\"color: #000000;\"><em>Our focus remains firmly on innovation, better supply chain management and growing our footprint across the nation with our unwavering commitment to quality.\u201d<\/em><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>About Duroply Industries Limited<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">With 65 plus years of rich legacy, DURO is the oldest brand among the leading Indian plywood makers, best known for their high-quality products that attract a premium to the general market. Duroply also focuses on sourcing all its raw material from sustainable sources, making it a truly &#8216;Forest Friendly Company&#8217;.<\/span><\/p>\n<p><span style=\"color: #000000;\">Duroply has launched Duro TV \u2013 a YouTube channel focused on providing knowledge to consumers on purchasing of plywood to increase their knowledge. Focused on innovation to ensure durability of customers&#8217; home and office interiors, Duroply offers a complete range of Plywood, Block Board, Doors and Decorative Veneers.<\/span><\/p>\n<p><span style=\"color: #000000;\">Duroply is India&#8217;s First plywood brand to manufacture and market 10 feet Range of Plywood, Boards, Doors and Veneers as a value-added solution to the consumers under its brand &#8216;Duro Plus&#8217;.<\/span><\/p>\n<p><span style=\"color: #000000;\">Duroply&#8217;s deep commitment to its customers is evident through its extensive Guarantee on all its products ranging from Lifetime to 10 Years which further cements its enviable high Brand Equity in the Plywood Industry.<\/span><\/p>\n<p><span style=\"color: #000000;\">Duroply has renewed its FSC License for next five years, thereby re-enforcing it&#8217;s commitment to environment sustainability.<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_raw_code wpb_raw_html wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<html>\n<head>\n<\/head>\n<body>\n  <marquee behavior=\"scrolling\" direction=\"left\" scrollamount=\"3\" seamless>\n    <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/10\/Logos-2.png\" width=\"800\" height=\"600\" alt=\"Natural\" \/>\n <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/10\/Logos-2.png\" width=\"800\" height=\"600\" alt=\"Natural\" \/>\n  <\/marquee>\n<\/body>\n<\/html>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center wpb_content_element\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<a href=\"https:\/\/plyinsight.com\/hi\/placement-wanted\/\" target=\"_blank\" class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"1433\" height=\"303\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted.jpg\" class=\"vc_single_image-img attachment-full\" alt=\"\" title=\"Placement Wanted\" srcset=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted.jpg 1433w, https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-300x63.jpg 300w, https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-1024x217.jpg 1024w, https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-768x162.jpg 768w, https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-18x4.jpg 18w, https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/12\/Placement-Wanted-600x127.jpg 600w\" sizes=\"auto, (max-width: 1433px) 100vw, 1433px\" \/><\/a>\n\t\t<\/figure>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"DUROPLY CONTINUES ITS IMPROVED PERFORMANCE WITH ROBUST BUSINESS MANAGEMENT Duroply Industries Limited, India's premium and most experienced plywood manufacturer amongst the leading players, has reported an impressive 60.2% growth in sales during first nine months this fiscal, to Rs. 218.12 crores from Rs. 136.20 crores reported for same period last fiscal. Sales grew by 30.5% [...]","protected":false},"author":1,"featured_media":29340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4119],"tags":[3202,1695,2224,1020,3832,566,3771,4256,3772,4252,4253,4254,4255,626,1011],"class_list":["post-38048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-march-news-2023","tag-akhilesh-chitlangia","tag-block-board","tag-boards","tag-brand","tag-decorative-veneers","tag-doors","tag-duro","tag-duro-plus","tag-duro-plywood","tag-duroply","tag-duroply-brand","tag-forest-friendly-company","tag-range-of-plywood","tag-veneer","tag-veneers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DUROPLY CONTINUES ITS IMPROVED PERFORMANCE - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/duroply-continues-its-improved-performance\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DUROPLY CONTINUES ITS IMPROVED PERFORMANCE - 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