Astral Q4 2024 Results: Consolidated PAT down by 12% while revenue up by 206% on a YOY basis

Tanushree Jaiswal Tanushree Jaiswal

Last Updated: 17th May 2024 - 06:50 pm

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Synopsis:

Astral Limited announced its quarterly results for March 2024 on 17th May. It reported a consolidated PAT of ₹181.30 cr for Q4 FY2024. Its consolidated total revenue for Q4 FY2024 increased by 206.41% on a YOY basis reaching ₹ 4635.30 cr. The company also declared a ₹ 2.25 per share dividend.

Quarter result performance

The company’s consolidated total revenue for Q4 FY2024 was up by 206.41% on a YOY basis, reaching ₹ 4635.30 cr from ₹ 1512.80 cr in Q4 FY2023. The quarterly consolidated revenue was up by 236.72%. Astral reported a consolidated PAT of ₹ 181.30 cr for Q4 FY2024 against ₹ 206.20 cr in Q4 FY2023, which is a decline of 12.08%. On a quarterly basis, the consolidated PAT was up by 60.02%. EBITDA stood at Rs. 301.6 cr

Astral Limited

Revenue

Q4 FY24

 

Q3 FY24

 

Q4 FY23

4,635.30

 

1,376.60

 

1,512.80

 

 

 

 

 

% Change

 

 

236.72%

 

206.41%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PBT

Q4 FY24

 

Q3 FY24

 

Q4 FY23

241.30

 

153.90

 

264.40

 

 

 

 

 

% Change

 

 

56.79%

 

-8.74%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PBT M BPS(%)

Q4 FY24

 

Q3 FY24

 

Q4 FY23

5.21

 

11.18

 

17.48

 

 

 

 

 

% Change

 

 

-53.44%

 

-70.21%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PAT (₹ Cr)

Q4 FY24

 

Q3 FY24

 

Q4 FY23

181.30

 

113.30

 

206.20

 

 

 

 

 

% Change

 

 

60.02%

 

-12.08%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PAT M BPS (%)

Q4 FY24

 

Q3 FY24

 

Q4 FY23

3.91

 

8.23

 

13.63

 

 

 

 

 

% Change

 

 

-52.48%

 

-71.30%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

EPS

Q4 FY24

 

Q3 FY24

 

Q4 FY23

6.76

 

4.23

 

7.66

 

 

 

 

 

% Change

 

 

59.81%

 

-11.75%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

 

For the full financial year ending in March 2024, the consolidated PAT stood at ₹ 545.60 cr compared to ₹ 472.50 cr in FY 2023, up by 15.47%. For FY 2024, its consolidated total revenue stood at ₹ 5683.50 cr compared to ₹ 5185.20 cr in FY 2023, up by 9.61%.

Astral Limited announced a final dividend of ₹ 2.25 per share having a face value of Rs. 1. Its EBITDA was 15% up at ₹ 960.3 cr.

As per the company’s official filing, “During the quarter ended March 31, 2024 Bathware registered a sale of Rs. 242 million. The company has already crossed 1000 show rooms/dealers hence company is expecting very good growth in Bathware Division in FY 25. Looking to the excellent growth in Infra Vertical in FY 24, company has increased its capacity by 4,054 M.T. If the growth momentum continues, we are planning to further increase the capacity in near term.”

“The company’s Hyderabad plant will be operational by end of June 2024. Company is expecting a very good growth from that region post commencement of plant.”

About Astral Limited

Astral Limited, headquartered in Ahmedabad, India, was incorporated in 1996 and operates in the Plastic and Adhesives segments. The company manufactures and markets a wide range of products including pipes, water tanks, adhesives, and sealants both in India and internationally. Its product lines include CPVC and plumbing systems such as Astral CPVC Pro and Astral Pex-a PRO, as well as ASTRAL Silencio low noise systems and Astral DrainMaster drainage systems.

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