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HomeNewsBusinessEarningsAstral Q3 PAT may dip 29.8% YoY to Rs. 89 cr: Sharekhan
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Astral Q3 PAT may dip 29.8% YoY to Rs. 89 cr: Sharekhan

Net Sales are expected to increase by 1.7 percent Y-o-Y (down 4.3 percent Q-o-Q) to Rs. 1,121 crore, according to Sharekhan.

Broker Research
January 11, 2023 / 13:48 IST
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Astral: Astral Q2 profit falls 48% YoY to Rs 74.6 crore impacted by lower top line and weak operating performance. Revenue down 2.4%. The CPVC pipes and fitting manufacturer has recorded a 48% year-on-year decline in consolidated profit at Rs 74.6 crore for the quarter ended September FY23 impacted by lower top line and weak operating performance. Revenue for the quarter declined 2.4% to Rs 1,171.6 crore and EBITDA fell 35.6% to Rs 144 crore compared to year-ago period.

Sharekhan has come out with its third quarter (October-December’ 22) earnings estimates for the Building Materials sector. The brokerage house expects Astral to report net profit at Rs. 89 crore down 29.8% year-on-year (up 26.9% quarter-on-quarter).

Net Sales are expected to increase by 1.7 percent Y-o-Y (down 4.3 percent Q-o-Q) to Rs. 1,121 crore, according to Sharekhan.

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Earnings before interest, tax, depreciation and amortisation (OPM) are likely to fall by 335 percent Y-o-Y (up 232 percent Q-o-Q) to Rs. 14.6 crore.

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