Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Astral Ltd.
Plastic Products company Astral announced Q2FY24 & H1FY24 results: Financial Performance 1. Astral Limited reported a 16.3% increase in revenue from operations, reaching Rs 13,630 million in Q2FY24. 2. The company achieved significant growth in EBDITA, with a growth rate of 50.7% and reaching Rs 2,335 million in Q2FY24. 3. Astral's EBDITA margin increased to 17.1% in Q2FY24 from 13.2% in Q2FY23. 4. The Profit Before Tax (PBT) for Q2FY24 was Rs 1,768 million, a 54.5% growth compared to the same period last year. 5. The company's PAT (Profit After Tax) increased by 82.9% in Q2FY24, reaching Rs 1,317 million. 6. Astral Limited recorded a basic/diluted EPS (Earnings Per Share) of Rs 4.88 in Q2FY24. 7. The Board of Directors has approved a payment of an interim dividend of Rs 1.50 per share. (Face value of Re 1/- each). Plumbing Business 1. Astral Limited's Plumbing Business reported a revenue from operations of Rs 9,804 million in Q2FY24, a 17.3% growth compared to the same period last year. 2. The segment EBIDTA for the Plumbing Business reached Rs 1,768 million, showing a growth rate of 57.2% in Q2FY24. 3. Plumbing volume experienced a significant growth of 27.8% in Q2FY24 compared to the same period last year. Paints and Adhesives Business 1. Astral Limited's Paints and Adhesives Business reported revenue from operations of Rs 3,826 million in Q2FY24, a growth of 14.0% compared to the same period last year. 2. The segment EBIDTA for the Paints and Adhesives Business reached Rs 567 million in Q2FY24, showing a growth rate of 33.7%. Result PDF25-10-2023
