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Astral Profit Soars 48% on Strong Q1 Performance
13 Aug
Summary
- Consolidated net profit jumped 48% to Rs 120 crore in Q1 FY27.
- Revenue climbed 15.9% year-on-year to Rs 1,578 crore.
- Company confident in UK business recovery and future value growth.
Astral Ltd. experienced a substantial boost in its financial performance, with a 48% rise in consolidated net profit for the first quarter of fiscal year 2027. The company announced a net profit of Rs 120 crore for the June quarter, a notable increase from Rs 81.1 crore in the prior year.
Revenue for the period grew by 15.9%, reaching Rs 1,578 crore compared to Rs 1,361 crore in the same quarter last year. Despite a slight decrease in Ebitda margin to 18% from 21.7%, the overall profit growth was robust.
The company's Chief Financial Officer expressed optimism regarding the recovery of its UK business, which has underperformed over the past two years. He anticipates that technological contributions from the UK operations will bolster India's performance.
Astral maintains its volume growth guidance of 10%-15% for FY27, with recent months showing strong volume increases. The company is also benefiting from stabilizing polymer prices and the successful performance of its new manufacturing units, including the Hyderabad facility.
