Astral posts in line performance in Q3ASTRAL - 2250 Change: 6.85 (0.31 %)
News: Revenues increased 22% YoY to Rs.1099 crore led by 25% revenue growth in the piping business. EBITDA margin declined by 340 bps YoY to 18% due to higher raw material cost. PAT grew marginally by 3% YoY to Rs.128 crore tracking strong revenue growth in Q3.
Views: Astral has reported strong revenue growth in Q3FY22 led by higher realisation in the piping segment while volume declined by ~5%, mainly due to lower dealer offtake.