Astral Q3 Results Key Highlights

  • Q3 Consolidated Revenue up 14.9% and Net Profit down 27%
  • EBITDA Margins 14.5%

  • Margins have improved in Q3 from Q2 and will further improve in Q4
  • Incurred Loss of Rs. 13 Cr for its new business of faucet and sanitaryware for 9 months ended 31st Dec 2022. Planned to have 500 Showrooms by year end out of which 231 are already ready
  • Cash position as on 31st Dec 2023 is Rs.476 Cr
  • Q4 historically a good quarter for company. We may see inventory gain unlike inventory losses in earlier quarters
  • In last 3 years company is doing continuous capex and at present capacity utilization is just 57% so company has enough capacity. Here onwards financial ratios will keep improving as most of the capex is done. This will lead to solid FY24 for Astral



Astral Investor Presentation

Astral Concall Recording