Astral Q2 FY27 Results: Revenue Rises 26% To ₹1,988.3 Crore; Interim Dividend Of ₹1.50 Per Share Announced

Astral Limited reported a 26% year-on-year increase in consolidated revenue from operations to ₹1,988.3 crore in Q2 FY27, supported by growth in its plumbing and paints and adhesives businesses.

However, consolidated profit after tax (PAT) before other comprehensive income declined 5.6% to ₹127.3 crore, as higher raw material costs and delayed price revisions weighed on margins. The company's Board also approved an interim dividend of ₹1.50 per equity share with a face value of ₹1 each.

The Astral share price closed at ₹1,388 on 5 November, down 2.51% on the National Stock Exchange (NSE).

Astral Q2 Results: Financial Highlights

Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) increased 1.5% to ₹272.3 crore. However, the EBITDA margin declined to 13.7% from 17% in Q2 FY26.

Profit before tax (PBT) increased marginally by 0.8% to ₹181.4 crore. Cash profit stood at ₹206 crore, compared with ₹207.1 crore in the year-ago quarter. Diluted earnings per share (EPS) declined to ₹4.73 from ₹5.02.

For H1 FY27, revenue increased 21.4% to ₹3,566.3 crore, while EBITDA grew 11.7% to ₹516.3 crore. PAT before other comprehensive income increased 15.7% to ₹247.5 crore.

How Did Astral's Plumbing Business Perform?

The plumbing business remained the company's largest growth contributor. Revenue increased 25% to ₹1,398.3 crore, while sales volumes rose 19.1% to 72,934 metric tonnes.

Segment EBITDA increased 6.9% to ₹227.6 crore, but the margin declined to 16.3% from 19% a year earlier. Astral attributed the pressure to rising polymer prices and the time taken to pass on higher costs to customers.

The company said it had implemented price increases for PVC and CPVC products in Q3 FY27 and expected better realisations and margins in the coming quarter. It also reported 26.8% growth in bathware sales during Q2.

How Did The Paints And Adhesives Business Perform?

Revenue from the consolidated paints and adhesives segment increased 28.6% to ₹590 crore. However, segment EBITDA declined 19.2% to ₹44.7 crore, with the margin falling to 7.6% from 12.1%.

The India adhesives business recorded 25.3% sales growth, while the overseas adhesives business grew 30.1%. The company said higher raw material prices and a delay in passing on costs to customers continued to affect margins.

The paint business recorded 39.9% sales growth during Q2.

What Is Astral's Capacity Expansion And Product Launch Plan?

Astral increased its pipes and fittings production capacity during H1 FY27. Its 40,000-metric-tonne CPVC resin backward integration project is progressing as scheduled and the machinery installation is underway. The company expects trials to be completed and the plant to be ready for commercial use by Q4 FY27. Full benefits are expected from FY28.

The company is also preparing to launch its aluminium PEX product in Q3 FY27.

Source

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