Astral Ltd share Price

Astral is the leader in the CPVC piping segment and expanding into the adhesive business.

• Astral is the third largest piping company with a value market share of 9%. Piping, adhesive contribute 77%, 23%, respectively, to topline
• Healthy balance sheet reflected in strong return ratios (RoE: 21%, RoCE: ~27%)

Strong revenue growth, higher RM cost drags profitability.

• Revenue growth of ~23% YoY to ₹ 1391 crore; piping & adhesive segment growth came in at 22% & 27% YoY to ₹ 1084 core & ₹ 306 crore, respectively
• EBITDA margin declined 698 bps YoY to 15.6%, mainly due to higher raw material cost, which led to a decline in gross margin by 763 bps YoY
• PAT declined 18% YoY to ₹ 144 crore tracking lower EBITDA margin

Plastic products company Astral announced Q1FY24 results:

• Revenue from operations of Rs 12,831 million in Q1FY24 compared to Rs 12,129 million in Q1FY23, up 5.8% YoY
• EBDITA of Rs 2,137 million in Q1FY24 compared to Rs 1,818 million in Q1FY23, up 17.5% YoY
• EBDITA (% of net sales) of 16.7% in Q1FY24 compared to 14.9% in Q1FY23
• PBT of Rs 1,616 million in Q1FY24 compared to Rs 1,252 million in Q1FY23, up 29.1% YoY
• PAT (before OCI) of Rs 1,193 million in Q1FY24 compared to Rs 936 million in Q1FY23, up 27.5% YoY
• Cash profit of Rs 1,656 million in Q1FY24 compared to Rs 1,369 million in Q1FY23, up 21.0% YoY
• Basic/diluted EPS of Rs 4.46 in Q1FY24 compared to Rs 3.31 in Q1FY23, up 34.7% YoY

Result PDF