Earnings Review
Plumbing segment pulls Astral's Q1 PAT, sales down on year
This story was originally published at 17:23 IST on 11 August 2025
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--Astral Apr-Jun consol net profit INR 811 mln vs INR 1.20 bln year ago
--Analysts saw Astral Apr-Jun consol net profit at INR 1.27 bln
--Astral Apr-Jun consol revenue INR 13.61 bln vs INR 13.84 bln year ago
--Astral Q1 consol plumbing revenue INR 9.54 bln vs INR 10.13 bln year ago
--Astral Q1 consol paints, adhesives revenue INR 4.07 bln vs INR 3.70 bln
By Shakshi Jain
NEW DELHI – Astral Ltd. Monday posted lower-than-expected earnings for the June quarter owing to the weak on-year performance of the plumbing segment, which accounts for around three-fourths of the company's top line. Further, Astral's total expenses rose marginally on year during Apr-Jun while revenue declined for the first time in 20 quarters. Astral's bottom-line performance was the weakest in 11 quarters on a year-on-year basis.
The pipes and adhesives manufacturer reported a consolidated net profit of INR 811.0 million for the June quarter, down nearly 33% on year and almost 55% sequentially. Analysts had expected the company to report a bottom line of INR 1.27 billion. Its consolidated revenue from operations declined at a slower pace of 2% on year to INR 13.61 billion, but this figure was also lower than the INR 14.81 billion expected by analysts. Sequentially, the top line was down 19%.
The consolidated revenue from Astral's plumbing segment fell almost 6% on year to INR 9.54 billion in the June quarter while that from the paints and adhesives segment rose 10% to INR 4.07 billion. Astral's plumbing business houses verticals such as pipes, fittings, water tanks, and bathware. The company's other income for Apr-Jun fell almost 24% on year to INR 91.0 million, taking its total income for the quarter to INR 13.70 billion.
The company's total expenses for Apr-Jun stood at INR 12.61 billion, up over 2% on year. This rise was led by an uptick of over 29% on year in Astral's depreciation and amortisation expense for the quarter to INR 719.0 million. Its employee benefit expense grew 12% on year to INR 1.42 billion while the cost of materials consumed increased over 2% on year to INR 8.73 billion. However, the company's other expenses declined almost 5% on year to INR 2.09 billion.
Astral's tax outgo for the June quarter fell almost 30% on year to INR 306.0 million. More
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