Astral Q3 FY24 Results Key Highlights

  • Q3 Consolidated Revenue up 8% and Net Profit up 19%
  • EBITDA Margins 15.4% from 14.5%
  • Plumbing Volume growth is 15% YoY

  • RM Price fluctuation resulted into inventory losses of around Rs.20 Cr.
  • Aggressive Expansion Plans: Putting up 3 Plants and all are as per schedule. Guwahati Plant has already started production of Water Tank since last quarter and from Jan 2024 started Pipe production too. Increased capacity of existing plants. Hyderabad and Kanpur plant is also going as per scheduled.
  • Astral Brand product in Paint from Q1 in few States.
  • 20 Cr plus sales in Q3 from bath ware division. Expecting three digit number on full year basis.
  • Cash Position as on 31st Dec 2023 is Rs.332 Cr (after paying 80% stake acquisition of Gem Paints)
  • Some adjustments – Loss from Faucet and Sanitaryware for this Qtr is Rs. 4 Cr. Inventory Loss is around Rs.20 Cr. Spent on Jaipur event of 25th Celebration Rs.11Cr.
  • Expecting a Q4 to be a strong quarter as usual
  • Adhesive Business revenue growth will remain 15% plus and margin of 14% to 15%
  • Business sentiments are strong in all verticals.
  • Capex for 2024-25 would be Rs.250 Cr to Rs.300 Cr mainly in the pipe as in other division we are done with capex



Astral Investor Press Release

Astral Concall Recording