Plastic Products company Astral announced Q4FY24 & FY24 results:
- In the financial year 2023-24, Astral Limited experienced a robust plumbing volume growth of 23.6%.
- Consolidated Profit After Tax (PAT) for the company grew by 18.7%, showcasing Astral's ability to enhance profitability.
- The company's revenue from operations saw a significant increase, further underlining its strong performance in the market.
- The Plumbing Business, including pipes, fittings, water tanks, and bathware, showed a considerable Q4 revenue growth of 22.8% compared to Q3.
- Sales in metric tons for the Plumbing Business surged by 26.7% from Q3 to Q4, demonstrating a solid demand for Astral's products.
- The Paints and Adhesives Business, encompassing Resinova, Seal It, and Astral Coatings, also reported a healthy growth in revenue and earnings before interest, taxes, depreciation, and amortization (EBIDTA).