Astral Slides 7% After Weak Q4 Show; Apollo Micro Systems Rallies On Earnings Growth

Astral shares declined nearly 7% on May 19, marking the third consecutive session of losses after the company posted March quarter results that fell short of Street estimates.

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The stock dropped to a more than three-month low of ₹1,440.50 during intraday trade. Over the last three trading sessions, the stock has corrected around 8%.

The company reported a consolidated net profit of ₹213 crore for the fourth quarter, registering an increase of about 19% from the year-ago period. However, the figure remained below analysts’ expectations of ₹249 crore.

Consolidated revenue for the quarter came in at ₹2,089 crore, reflecting growth of more than 24% year-on-year. The revenue number also missed market estimates of ₹2,163 crore.

The weaker-than-expected earnings performance weighed on investor sentiment despite healthy growth in sales and profitability on an annual basis.

Brokerage Revises Earnings Estimates

According to reports, PL Capital retained its ‘buy’ rating on Astral but reduced its target price by over 3% to ₹1,813 per share following the quarterly results.

The brokerage also lowered its earnings estimates for FY27 and FY28 by 4.4% and 4%, respectively.

As per reports, the brokerage expects Astral’s pipes and fittings business to deliver a volume compound annual growth rate (CAGR) of 15% between FY26 and FY28. It also projected revenue CAGR of 16.6%, EBITDA CAGR of 20.2% and profit after tax CAGR of 31.3% during the same period.

Astral has remained under pressure in recent sessions as investors reacted to the earnings miss and revised projections.

Apollo Micro Systems Gains Over 10%

Shares of Apollo Micro Systems moved in the opposite direction and climbed more than 10% during Tuesday’s session after the company announced a strong set of quarterly numbers.

The defence and aerospace equipment maker reported a net profit of ₹37.6 crore for Q4FY26, compared with ₹14 crore in the corresponding quarter last year. The increase represented year-on-year growth of 168%.

Revenue from operations rose 81.3% to ₹293.3 crore for the March quarter, against ₹161.8 crore recorded a year earlier.

The sharp rise in earnings and revenue supported buying interest in the stock during the session.

Broader Earnings Season Continues

The market continues to react sharply to quarterly earnings announcements as companies across sectors release their Q4FY26 numbers.

Stocks reporting earnings above market expectations have seen strong upward moves, while companies missing estimates on revenue or profit have faced selling pressure despite reporting year-on-year growth.

Tuesday’s trading session reflected that trend, with Astral and Apollo Micro Systems witnessing divergent stock price movements following their March quarter results.