Astral Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· Revenue from Operations        ₹ 2,641 Cr · Net profit saw a jump of 82.9%   YoY · Gross profit margin was at   38.11%.

Performance Highlights

· In H1 FY’24, recorded a notable Compound Annual Growth Rate (CAGR) of 31.98%. · EBDITA stood at Rs. 447.2 Cr, with a CAGR of 29.76 for H1 FY’24. · Sales in metric tons for the plumbing business amounted to a significant Rs. 10,002.9 Cr

Revenue Highlights

Total revenue for the quarter was ₹1,363 crore, showing a 16.3% growth compared to ₹1,172 crore in the same period of the previous fiscal year.

Stock Performance

The company's shares, as of October 19, 2023, stood at ₹1,847, experiencing a significant fall of 5.93% on the NSE.

Source: Astral Ltd. Press Release – Q2 FY’24 Report