More Stories

Informist, Wednesday, Aug. 12, 2026

 

Please click here to read all liners published on this story

--Astral Apr-Jun consol net profit INR 1.20 bln
--Analysts saw Astral Apr-Jun consol net profit at INR 1.20 bln
--Astral Apr-Jun consol revenue INR 15.78 bln
--Analysts saw Astral Apr-Jun consol revenue at INR 15.94 bln
--Astral Apr-Jun consol net profit INR 1.20 bln vs INR 811 mln year ago
--Astral Apr-Jun consol revenue INR 15.78 bln vs INR 13.61 bln year ago
--Astral Q1 consol plumbing revenue INR 10.51 bln vs INR 9.54 bln yr ago
--Astral Q1 consol paints, adhesives revenue INR 5.28 bln vs INR 4.07 bln
--Astral Apr-Jun consol EBITDA INR 2.44 bln vs INR 1.94 bln yr ago
--Astral Apr-Jun consol EBITDA margin 15.5% vs 14.3% year ago
--Astral Q1 consol plumbing ops sales 56,146 tn, up 0.1% on year
--Astral Q1 consol plumbing EBITDA INR 1.98 bln vs INR 1.57 bln yr ago
--Astral Q1 consol plumbing EBITDA margin 18.9% vs 16.4% yr ago
--Astral Q1 consol paints, adhesives EBITDA INR 457 mln vs INR 375 mln yr ago
--Astral Q1 consol paints, adhesives EBITDA margin 8.7% vs 9.2% year ago

 

By Sunil Raghu

 

AHMEDABAD – Astral Ltd. reported a net profit for the June quarter that grew the most on year in 11 quarters. The net profit was in line with the Street's expectations, with the low base effect in the pipes business lending support to the company's profitability. Astral's revenue for the quarter grew holistically, with earnings from the plumbing, paints, and adhesives businesses showing year-on-year growth. The company also reported revenue growth for the fourth quarter in a row. Its revenue for the June quarter in 2025 had fallen on year.

The pipes and adhesives maker's consolidated net profit for the June quarter jumped nearly 48% on year to INR 1.2 billion, as analysts had expected. The company's consolidated revenues for the quarter rose nearly 16% on year to INR 15.78 billion, slightly below analysts' expectation of INR 15.94 billion.

 

The company's revenues from the plumbing business rose over 10% on year to INR 10.51 billion. The paints and adhesives segment saw revenues rise nearly 30% to INR 5.28 billion.

 

The company's total expenses for the June quarter rose over 13% on year to INR 14.28 billion. The cost of raw materials, which accounted for over two-thirds of the total expenses, rose nearly 28% on year to INR 11.16 billion. Other expenses rose nearly 15% on year to INR 2.40 billion. Employee benefit expenses rose over 19% on year to INR 1.70 billion and depreciation and amortisation expenses climbed nearly 5% on year to INR 754 million.

 

Astral's consolidated earnings before interest, tax, depreciation, and amortisation for the reporting quarter rose nearly 26% on year to INR 2.44 billion, with the EBITDA margin expanding to 15.5% from 14.3% a year ago.

The company's plumbing business continued to support the overall performance during the quarter. Plumbing sales volumes rose marginally on year to 56,146 tonnes but the segment's EBITDA increased over 26% on year to INR 1.98 billion. The EBITDA margin in the plumbing segment expanded to 18.9% from 16.4%. For the paints and adhesives segment, EBITDA rose 22% on year to INR 457 million while the EBITDA margin fell to 8.7% from 9.2% a year ago.

 

Astral said in a press release that demand in the plastic pipes segment was weak because of the volatility in polymer prices. The company closed the quarter with volumes practically flat, but better realisations helped it to achieve value growth of 10.1% on year. "This will continue in the coming quarter also because PVC (polyvinyl chloride) prices are inching up in Q2 (Jul-Sept) and also implementation of MIP (minimum import parity) will help in stabilization of PVC prices, particularly it will protect the bottom price of PVC," the company said. Astral increased its pipes and fittings production capacity to 421,497 tonnes at the end of June quarter, from 417,645 tonnes.

 

For the June quarter, the company's India adhesive sales grew nearly 25% on year and its EBITDA margin was 12.2%. Astral stated that while it is gaining marketshare, the rise in raw material costs exerted pressure on the margin. Though the company responded by raising prices of its products, the price hike came with a lag. The company said it is "confident" of overcoming the impact of rising raw material costs in the September quarter. Its international adhesive sales grew 26% against a guidance of 10% revenue growth, Astral said.

 

As on Jun. 30, the company's consolidated cash, including cash equivalents and bank balances, stood at INR 4.67 billion. Wednesday, its shares ended at INR 1,464 on the National Stock Exchange, up 2.7% from Tuesday's close. The company announced its June quarter 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.