Astral Limited has informed the Exchange regarding a press release dated August 11, 2025, titled "Press release".
ASTRAL · price
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Awaiting price reaction for this filing.
Astral Limited reported Q1 FY26 consolidated revenue of Rs. 1,383.6 crore, up ~1.6% YoY, with EBITDA rising 16.6% to Rs. 226.3 crore and margin improving from 14.3% to 16.4%. Profit after tax jumped nearly 51% YoY to Rs. 119.5 crore, with EPS at Rs. 4.48 vs Rs. 3.02. The biggest strategic highlight is the company's move into backward integration — Astral will acquire 80% in Nexelon Chem to manufacture 40,000 MT of CPVC Resin annually (a key raw material), with a total project cost of ~Rs. 150 crore and commercial production targeted for Q2 FY27. The company also completed the Rs. 33 crore acquisition of Al-Aziz Plastics (April 2025), expanded plumbing capacity to ~3,87,500 MT, and reported a cash balance of Rs. 488.8 crore. Weak polymer demand and a 14% YoY drop in PVC prices caused inventory losses in Q1, but July showed strong recovery with 30% volume growth in piping.
Strong Q1 profit growth despite weak demand signals operational resilience and margin discipline. The CPVC resin backward integration is a significant long-term positive that should reduce raw material costs and supply chain dependency, though benefits won't flow until Q2 FY27. Short-term outlook looks better based on July's 30% volume growth recovery, but the paints and adhesives segment saw revenue decline that needs monitoring.