More Stories

Informist, Thursday, Feb. 5, 2026

 

Please click here to read all liners published on this story

--Astral Oct-Dec consol net profit INR 1.08 bln
--Analysts saw Astral Oct-Dec consol net profit at INR 1.29 bln 
--Astral Oct-Dec consol revenue INR 15.42 bln
--Analysts saw Astral Oct-Dec consol revenue at INR 15.65 bln 
--Astral Oct-Dec consol net profit INR 1.08 bln vs INR 1.14 bln year ago 
--Astral Oct-Dec consol revenue INR 15.42 bln vs INR 13.97 bln year ago 
--Astral Oct-Dec labour code implementation cost INR 165 mln 
--Astral Apr-Dec consol net profit INR 3.24 bln vs INR 3.45 bln year ago 
--Astral Apr-Dec consol revenue INR 44.80 bln vs INR 41.51 bln year ago 
--Astral Q3 consol plumbing revenue INR 10.72 bln vs INR 9.90 bln yr ago 
--Astral Q3 consol paints, adhesives revenue INR 4.70 bln vs INR 4.07 bln 
--Astral Oct-Dec profit excluding exceptional cost INR 1.24 bln 
--Astral Oct-Dec consol EBITDA INR 2.47 bln vs INR 2.31 bln yr ago 
--Astral Oct-Dec consol EBITDA margin 16.0% vs 16.5% yr ago 
--Astral Q3 consol plumbing sales 61,688 tns, up 16.8% on year 
--Astral Q3 consol plumbing EBITDA INR 1.95 bln vs INR 1.83 bln yr ago 
--Astral Q3 consol plumbing EBITDA margin 18.2% vs 18.5% year ago 
--Astral Q3 consol paints, adhesives EBITDA INR 515 mln vs INR 483 mln 
--Astral Q3 consol paints, adhesives EBITDA margin 11.0% vs 11.9% year ago

 

By Gunjan Rajput

MUMBAI – Astral Ltd. reported a decline in its consolidated net profit for the December quarter, weighed down by the cost of implementation of the new labour codes, even as its revenue rose.
 

The pipes and adhesives maker's consolidated net profit for the December quarter fell nearly 6% on year to INR 1.08 billion from INR 1.14 billion a year ago. The figure missed analysts' estimate of INR 1.29 billion.

 

The company's revenue for the reporting quarter rose over 10% on year to INR 15.42 billion, compared with INR 13.97 billion a year ago but was also below analysts' expectation of INR 15.65 billion. Sequentially, the company's bottom line fell over 20% while the top line was down over 2%.

 

The company incurred an exceptional cost of INR 165 million during the quarter on account of implementation of the new labour codes. Excluding the exceptional item, the company's consolidated net profit stood at INR 1.24 billion, still below expectations.

 

Astral's consolidated plumbing segment revenue rose over 8% on year to INR 10.72 billion and revenue from the paints and adhesives segment increased over 15% on year to INR 4.70 billion.
 

The company's total expenses for the December quarter rose nearly 11% on year to INR 13.90 billion. Its consolidated earnings before interest, tax, depreciation, and amortisation rose over 6.7% on year to INR 2.47 billion. The EBITDA margin for the quarter, however, fell to 16% from 16.5% a year ago.

The company said polyvinyl chloride prices declined sharply by INR 11 per kg during the quarter and prices of chlorinated polyvinyl chloride also fell in a similar pattern, resulting in inventory losses and pressure on realisations and margins.

 

Astral's plumbing segment volume rose 17% in the reporting quarter to 61.69 billion tonnes. The consolidated EBITDA of the plumbing segment rose 6.8% on year to INR 1.95 billion. The segment's EBITDA margin was 18.2%, down from 18.5% in the corresponding period a year ago.

The consolidated EBITDA of the paints and adhesives segment jumped to INR 515 million, up 6.6% on year. The EBITDA margin of the segment was 11% in the December quarter, also down from 11.9% a year ago.

"Company has started its Kanpur facility in October 2025 and we are seeing very good improvement in sales in UP (Uttar Pradesh) and surrounding geography," Astral said in a presentation for investors. "We have further increased the capacity of that plant now to 19,037 M.T. (tonnes) and will further increase (it) in coming quarter gradually as and when utilisation improves."

 

For the nine months ended Dec. 31, the company's net profit declined over 6% on year to INR 3.24 billion. Its revenue for the period rose nearly 8% on year to INR 44.80 billion.

Shares of the company Thursday closed slightly higher at INR 1,503.60 on the National Stock Exchange. The company declared its earnings after market hours.  End

 

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.