Astral Limited reported steady growth in Q3 FY 2025-26 with consolidated revenue rising 10.3% year‑on‑year. Strong volume gains in the plumbing business and continued expansion in paints and adhesives helped lift top-line performance, while input price movements and a one‑time regulatory provision affected margins and profit after tax. Key highlights and metrics are summarized below for investors and market observers.
Key takeaways
– Consolidated revenue rose to Rs. 15,415 million in Q3 (up 10.3% YoY). Nine‑month revenue was Rs. 44,801 million (up 7.9% YoY).
– EBITDA increased to Rs. 2,468 million in Q3 (up 6.7% YoY) with EBITDA margin at 16.0%.
– Plumbing volumes grew 16.8% YoY to 61,688 MT in Q3, supporting an 8.3% YoY rise in the plumbing segment revenue.
– Paints and adhesives revenue grew 15.4% YoY in the quarter.
– PAT (before OCI) was Rs. 1,077 million in Q3, down 4.4% YoY; EPS was Rs. 4.01 (down 5.6% YoY).
– Consolidated cash and bank balances stood at Rs. 5,141 million as of December 31, 2025.
– Capacity additions: Pipes & fittings capacity increased from 381,957 MT to 410,135 MT in 9M FY‑26. Kanpur facility started in Oct 2025 and capacity has been scaled up.
– Strategic moves: 80% acquisition of Nexelon Chem (to pursue CPVC resin and chemical manufacturing) and DVGW certification for Al Aziz Plastics’ electro-fusion products.
– Sustainability: DJSI ESG score improved from 48 to 60 (industry average 34).
| Metric | Current | Previous | Change | Trend |
|---|---|---|---|---|
| Revenue from operations (Q3) | 15,415 | 13,970 | 10.3% | Up |
| EBIDTA (Q3) | 2,468 | 2,312 | 6.7% | Up |
| EBIDTA (% of net sales) | 16.0% | 16.5% | -0.5 pp | Down |
| PBT (Q3) | 1,608 | 1,542 | 4.3% | Up |
| PAT (Before OCI, Q3) | 1,077 | 1,126 | -4.4% | Down |
| Cash Profit (Q3) | 1,811 | 1,757 | 3.1% | Up |
| Basic / Diluted EPS (Rs.) | 4.01 | 4.25 | -5.6% | Down |
| Plumbing Revenue (Q3) | 10,720 | 9,901 | 8.3% | Up |
| Plumbing Sales (M.T., Q3) | 61,688 | 52,834 | 16.8% | Up |
| Paints & Adhesives Revenue (Q3) | 4,695 | 4,069 | 15.4% | Up |
Outlook
Astral is expanding manufacturing capacity and entering upstream resin capabilities, which supports medium‑term volume and margin improvement. Short‑term margin pressure is linked to raw material price movements and the one‑time labour code provision. Investors should watch quarterly volume trends, margin recovery, and utilization at the Kanpur facility.
For more details and full filings, visit Astral’s investor page: https://astralltd.com/investors
Disclaimer
This post is for educational purposes only and is not investment advice.
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