{"id":39968,"date":"2023-08-08T17:33:39","date_gmt":"2023-08-08T12:03:39","guid":{"rendered":"https:\/\/plyinsight.com\/?p=39968"},"modified":"2023-08-19T10:40:31","modified_gmt":"2023-08-19T05:10:31","slug":"duro-turn-around-journey-began-last-fiscal","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/duro-turn-around-journey-began-last-fiscal\/","title":{"rendered":"Duro turn around journey began last fiscal"},"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;\"><span style=\"color: #000000;\"><strong>DURO TURN AROUND JOURNEY BEGAN LAST FISCAL, <\/strong><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>NOW SHOWING STABLE GROWTH<\/strong><\/span><\/p>\n<hr \/>\n<p><span style=\"color: #000000;\">Duroply Industries Limited, India&#8217;s most experienced plywood manufacturer amongst the leading players, has reported a robust 20.8% growth in Profit After Tax in Q1 FY24, to Rs. 1.28 crore from Rs. 1.06 crore reported during the same quarter last financial year. EBIT for the Company grew 8.9% during the first quarter of this fiscal year, from Rs. 3.26 crore to Rs. 3.55 crore. Duroply has recorded a 6.5% growth in sales in the quarter ended June 2023, to Rs. 75.86 crores from Rs. 71.22 crores during Q1 FY23.<\/span><\/p>\n<p><strong><span style=\"color: #000000;\">Results at a glance:<\/span><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-39969 size-full aligncenter\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-08-172902.png\" alt=\"DURO TURN AROUND JOURNEY BEGAN LAST FISCAL,\" width=\"880\" height=\"216\" srcset=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-08-172902.png 880w, https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-08-172902-300x74.png 300w, https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-08-172902-768x189.png 768w, https:\/\/plyinsight.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-08-172902-18x4.png 18w\" sizes=\"auto, (max-width: 880px) 100vw, 880px\" \/><\/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>\u201cBusiness is usually dull during the first quarter. On the supply side, this year it was further accentuated by labour and raw material shortages. In addition, Cyclone Biparjoy presented logistical challenges at our Rajkot plant. Our healthy growth on all parameters during first quarter despite all these challenges shows our inherent strength and resilience. <\/em><\/span><em><span style=\"color: #000000;\"><em>The industry is facing severe challenges due to raw material shortages and therefore, experiencing signifi<\/em>cant inflationary pressure. We have minimised impact of increased raw material costs through a series of measure, including price increase, product mix optimisation, and robust procurement.<\/span><\/em><\/p>\n<p><span style=\"color: #000000;\">While we expect inflationary pressures to continue, demand for our brand continues to be strong. We are riding the India growth story. Therefore, we expect robust growth in Duroply for a long time to come.\u201d<\/span><\/p>\n<p><strong><span style=\"color: #000000;\">For further information<\/span><\/strong><br \/>\n<span style=\"color: #000000;\">Ms Komal Dhruv | Company Secretary <\/span><br \/>\n<span style=\"color: #000000;\">M: +91 923 006 5964 <\/span><br \/>\n<span style=\"color: #000000;\">E: komal.desai@duroply.com<\/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_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><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>\n<\/div>","protected":false},"excerpt":{"rendered":"DURO TURN AROUND JOURNEY BEGAN LAST FISCAL, NOW SHOWING STABLE GROWTH Duroply Industries Limited, India's most experienced plywood manufacturer amongst the leading players, has reported a robust 20.8% growth in Profit After Tax in Q1 FY24, to Rs. 1.28 crore from Rs. 1.06 crore reported during the same quarter last financial year. EBIT for the [...]","protected":false},"author":1,"featured_media":29340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4800],"tags":[3202,4946,3203,4252,3774,4945,1435],"class_list":["post-39968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-august-news-2023","tag-akhilesh-chitlangia","tag-company-growth","tag-duro-ply","tag-duroply","tag-duroply-industries-limited","tag-fiscal","tag-growth"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Duro turn around journey began last fiscal - PLY INSIGHT<\/title>\n<meta name=\"description\" content=\"Duroply Industries Limited, India&#039;s most experienced plywood manufacturer amongst the leading players, has reported a robust 20.8% growth\" \/>\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\/duro-turn-around-journey-began-last-fiscal\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Duro turn around journey began last fiscal - 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