Astral Q4 profit rises 20%, but misses estimates across metrics; dividend declared

Astral Q4 profit rises 20%, but misses estimates across metrics; dividend declared


Astral Ltd reported a mixed set of March quarter earnings on May 18, with profit and revenue registering healthy year-on-year growth but missing Street expectations across key operational metrics.

The company posted a consolidated net profit of ₹213 crore for Q4FY26, up 19.7% from ₹178 crore in the corresponding quarter last year. However, the figure fell short of the CNBC-TV18 poll estimate of ₹258 crore.

Revenue from operations rose 24.3% year-on-year to ₹2,089 crore compared with ₹1,681 crore a year ago, but was below the CNBC-TV18 estimate of ₹2,184 crore.

EBITDA increased 27% to ₹383 crore from ₹302 crore in the year-ago period. Operational performance, however, lagged expectations, with EBITDA missing the CNBC-TV18 poll estimate of ₹419 crore.
EBITDA margin improved marginally to 18.3% from 18% last year, though it came below the Street estimate of 19.2%.

Ahead of the earnings announcement, shares of Astral Ltd ended largely flat at ₹1,544.60 on the NSE.

The board recommended a final dividend of ₹2.50 per equity share of face value ₹1 each for FY26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company said details regarding the AGM and dividend payment schedule will be announced separately.

Also Read: Apollo Micro Systems Q4 Results: Shares up 9% on sharp profit, revenue growth

Astral also approved the re-appointment of Sandeep Engineer as Managing Director for a further term of five years from April 1, 2027 to March 31, 2032, subject to shareholder approval at the ensuing AGM.

Astral is one of India’s leading manufacturers of pipes, plumbing systems, adhesives, paints and construction-related building materials, with a growing presence across residential and infrastructure segments.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *