Earnings Review
Astral Q2 sales top expectations on growth in plumbing ops
This story was originally published at 18:05 IST on 5 November 2025
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--Astral Jul-Sept consol net profit INR 1.35 bln
--Analysts saw Astral Jul-Sept consol net profit at INR 1.10 bln
--Astral Jul-Sept consol revenue INR 15.77 bln
--Analysts saw Astral Jul-Sept consol revenue at INR 14.76 bln
--Astral Jul-Sept consol net profit INR 1.35 bln vs INR 1.10 bln year ago
--Astral Jul-Sept consol revenue INR 15.77 bln vs INR 13.70 bln year ago
--Astral to pay INR 1.50 per share interim dividend
--Astral interim dividend record date is Nov 11
--Astral Apr-Sept consol net profit INR 2.16 bln vs INR 2.30 bln year ago
--Astral Apr-Sept consol revenue INR 29.39 bln vs INR 27.54 bln year ago
--Astral Q2 consol plumbing revenue INR 11.19 bln vs INR 9.66 bln year ago
--Astral Q2 consol paints, adhesives revenue INR 4.59 bln vs INR 4.04 bln
--Astral Jul-Sept consol EBITDA INR 2.68 bln vs INR 2.19 bln year ago
--Astral Jul-Sept consol EBITDA margin 17% vs 16% year ago
--Astral Q2 plumbing sales 61,224 tn, up 20.6% on year
--Astral Q2 plumbing EBITDA INR 2.13 bln vs INR 1.77 bln year ago
--Astral Q2 plumbing EBITDA margin 19% vs 18.4% year ago
MUMBAI – Astral Ltd. reported better-than-expected consolidated net profit and revenue for the September quarter, with both the metrics registering the fastest pace of growth in eight quarters on a year-on-year basis. Robust sales of the company's plumbing business, which accounts for around three-fourth of the company's top line, boosted the overall sales growth.
The pipes and adhesives maker reported a rise of nearly 23% on year in its consolidated net profit to INR 1.35 billion in the September quarter. The net profit was up over 66% on quarter. Analysts had pegged the net profit at INR 1.10 billion. The company's revenue from operations grew a little over 15% on year to INR 15.77 billion. Analysts' expectations for the top line were INR 14.76 billion.
The consolidated revenue from Astral's plumbing business rose nearly 16% on year to INR 11.19 billion. Sales of the plumbing segment rose nearly 21% to 61,224 tonnes in Jul-Sept. Revenue from the paints and adhesives segment rose nearly 14% on year to INR 4.59 billion.
The company's consolidated earnings before interest, tax, depreciation, and amortisation rose over 22% on year to INR 2.68 billion in Jul-Sept. The EBITDA margin for the quarter expanded by 100 basis points on year to 17.0%.
The consolidated EBITDA of the plumbing segment rose 20% on year to INR 2.13 billion in the September quarter and the EBITDA margin was 19%, up from 18.4% in the same quarter last year. The consolidated EBITDA of the paints and adhesives segment jumped up to INR 553 million from INR 415 million a year ago and the EBITDA margin rose 180 basis points to 12.1%.
"Overall Demand scenario in Polymer Industry was weak and the average PVC prices drop was 10.6% on Y-O-Y basis in Q2 FY-26. Inspite of that we are happy to inform that our company has delivered an industry leading volume and value growth of 20.6% and 15.7% respectively in Plumbing Business in Q2 FY-26," the company said in a press release.
The company's board has approved an interim dividend of INR 1.50 per share, record date for which is Nov. 11.
The company's consolidated net profit for Apr-Sept was INR 2.16 billion as against INR 2.30 billion in the previous year. Its bottom line was INR 29.39 billion, up from INR 27.54 billion in the year ago period.
Astral said it increased its plumbing production capacity during Apr-Sept to 389,301 tonnes from 381,957 tonnes earlier. On Tuesday, the stock ended nearly 1% lower at INR 1,467.20 on the National Stock Exchange. End
Edited by Ashish Shirke
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