Astral Shares in Focus: Released Q2 FY25 Results, Net Profit Drops; Declares Dividend

On November 7, 2024, Astral Ltd, a CPVC pipes manufacturer reported a fall in its Q2 FY25 net profit. The net profit stood at  ₹108.7 crore,  as against ₹131.7 crore in Q2 FY24.

Q2 FY25 Performance

The decline in profit was mainly attributed to a reduction in EBITDA, which amounted to ₹210.2 crore, marking a 4.5% year-on-year decrease. As a result, the company’s EBITDA margin fell to 15.3% from 16.2% in the previous year.

On the revenue side, Astral experienced a 0.5% growth, with total revenue from operations reaching ₹1,370 crore in Q2 FY25, up from ₹1,363 crore in Q2 FY24. This subdued growth reflects ongoing headwinds in the market. 

The record date for the dividend has been fixed as November 15, 2024, and the payment will be made within 30 days of the declaration.

Astral Share Price Performance

Astral share price traded 0.21% lower at ₹1,786 at 2:15 PM. The share opened at ₹1,745 and traded in a range of ₹1,745 – ₹1,797.

About Astral Ltd

Astral is a leading manufacturer of plastic pipes in India and is also involved in the adhesives business. It is expanding into the paints, faucets, and sanitary ware segments. Astral boasts strong business fundamentals, including manufacturing units across multiple locations, a diverse product range, and a wide distribution network.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.