- Home
- Results news
- Astral
- Q2 FY27 results
Astral Q2 FY27 results: net profit up 1.7% to ₹152.50 crore, revenue up 25.1%
Astral Limited reported standalone revenue of ₹1,772 crore in Q2 FY27, up 25.1% from Q2 FY26 and 29.6% from Q1 FY27. Net profit was ₹152.50 crore, compared with ₹149.90 crore a year ago and ₹135.80 crore in the previous quarter, while EBITDA margin fell to 14.4%.
Key points
- Revenue rose 25.1% year on year to ₹1,772 crore and increased 29.6% from Q1 FY27.
- EBITDA was ₹255.40 crore, down 0.2% from Q2 FY26, with margin declining 3.7 percentage points to 14.4%.
- Net profit increased 1.7% year on year to ₹152.50 crore and rose 12.3% from the previous quarter.
- Basic EPS was ₹5.68, up from ₹5.58 in Q2 FY26 and ₹5.05 in Q1 FY27.
- H1 FY27 revenue was ₹3,139.80 crore, up 19.7%, while PAT was ₹288.30 crore, up 17.0%.
How did Astral perform in Q2 FY27?
Astral reported standalone revenue of ₹1,772 crore in Q2 FY27, up ₹355.90 crore or 25.1% from ₹1,416 crore in Q2 FY26. Against Q1 FY27, revenue increased ₹404.20 crore or 29.6%. Total income was ₹1,789.60 crore, up 25.3% from ₹1,428.60 crore a year ago and 29.3% from ₹1,384.50 crore in the previous quarter. The filing covers both standalone and consolidated results; the figures here are standalone.
EBITDA was ₹255.40 crore in Q2 FY27, down ₹0.50 crore or 0.2% from ₹255.90 crore in Q2 FY26, while EBITDA margin fell 3.7 percentage points to 14.4%. It was higher than the ₹225 crore reported in Q1 FY27, but margin declined 2.0 percentage points from 16.4%. PBT rose ₹4.10 crore or 2.0% year on year to ₹204.30 crore, while PAT increased ₹2.60 crore or 1.7% to ₹152.50 crore. Basic EPS was ₹5.68, compared with ₹5.58 a year ago and ₹5.05 in Q1 FY27.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,772 | 1,368 | 1,416 | +25.1% | +29.6% |
| Other income | 17.60 | 16.70 | 12.50 | +40.8% | +5.4% |
| Total expenses | 1,585 | 1,203 | 1,228 | +29.1% | +31.8% |
| EBITDA | 255.40 | 225 | 255.90 | −0.2% | +13.5% |
| EBITDA margin | 14.4% | 16.4% | 18.1% | −3.7 pp | −2.0 pp |
| Profit before tax | 204.30 | 181.60 | 200.20 | +2.0% | +12.5% |
| Tax | 51.80 | 45.80 | 50.30 | +3.0% | +13.1% |
| Net profit | 152.50 | 135.80 | 149.90 | +1.7% | +12.3% |
| EPS (₹) | 5.68 | 5.05 | 5.58 | +1.8% | +12.5% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Astral's costs and profit?
Total expenses increased ₹356.90 crore or 29.1% to ₹1,585 crore from ₹1,228 crore in Q2 FY26. Cost of materials consumed was the largest increase, rising ₹305.30 crore or 38.4% to ₹1,100 crore. Employee cost rose ₹18.60 crore or 16.8% to ₹129 crore, depreciation rose ₹4.90 crore or 8.8% to ₹60.50 crore, and other expenses rose ₹36 crore or 18.2% to ₹233.30 crore. Finance costs fell ₹4.40 crore or 34.9% to ₹8.20 crore. The filing does not state a reason for the changes in these cost lines.
Other income increased ₹5.10 crore or 40.8% to ₹17.60 crore from ₹12.50 crore in Q2 FY26. There was no exceptional item. Tax expense rose ₹1.50 crore or 3.0% to ₹51.80 crore. These figures show that higher revenue and other income were largely offset by the increase in expenses, while PBT rose only 2.0% and PAT rose 1.7%.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 1,100 | 795.20 | +305.30 | +38.4% |
| Employee cost | 129 | 110.40 | +18.60 | +16.8% |
| Finance costs | 8.20 | 12.60 | −4.40 | −34.9% |
| Depreciation | 60.50 | 55.60 | +4.90 | +8.8% |
| Other expenses | 233.30 | 197.30 | +36 | +18.2% |
| Total expenses | 1,585 | 1,228 | +356.90 | +29.1% |
| Other income | 17.60 | 12.50 | +5.10 | +40.8% |
| Tax | 51.80 | 50.30 | +1.50 | +3.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Astral reported standalone revenue of ₹3,139.80 crore, up ₹516.60 crore or 19.7% from ₹2,623.20 crore in H1 FY26. Total income rose 19.7% to ₹3,174.10 crore from ₹2,651 crore. PBT increased ₹55.50 crore or 16.8% to ₹385.90 crore, and PAT rose ₹41.80 crore or 17.0% to ₹288.30 crore. Basic EPS for the first half was ₹10.73, up from ₹9.18 in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 3,140 | 2,623 | +19.7% |
| Profit before tax | 385.90 | 330.40 | +16.8% |
| Net profit | 288.30 | 246.50 | +17.0% |
| EPS (₹) | 10.73 | 9.18 | +16.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹5,623.40 crore, compared with ₹5,584 crore at 31 March 2026. Total equity rose to ₹4,328.10 crore from ₹4,107 crore. Borrowings increased to ₹96.40 crore from ₹62.20 crore, while cash declined to ₹395.50 crore from ₹870.90 crore. Inventories rose to ₹1,249.70 crore from ₹962.80 crore, trade receivables fell to ₹228.60 crore from ₹334.60 crore, and trade payables declined to ₹846.70 crore from ₹1,059.30 crore.
H1 FY27 operating cash flow was negative ₹47.40 crore, compared with ₹396.70 crore in H1 FY26. Investing cash flow was negative ₹373.40 crore against negative ₹337.40 crore, and financing cash flow was negative ₹54.60 crore against negative ₹99.20 crore. Capital expenditure was ₹200.70 crore, compared with ₹190.70 crore in the year-ago first half. The filing did not provide a reason for the cash-flow movements.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 5,623 | 5,584 |
| Total equity | 4,328 | 4,107 |
| Borrowings | 96.40 | 62.20 |
| Cash and equivalents | 395.50 | 870.90 |
| Inventories | 1,250 | 962.80 |
| Trade receivables | 228.60 | 334.60 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −47.40 | 396.70 |
| Cash from investing | −373.40 | −337.40 |
| Cash from financing | −54.60 | −99.20 |
| Capital expenditure | 200.70 | 190.70 |
Source: Company's results filing (XBRL).
How has Astral done over the last 8 quarters?
Revenue and profit followed a fluctuating path across the reported quarters. Revenue reached its highest level in Q4 FY26 at ₹1,902.80 crore and its lowest in Q1 FY26 at ₹1,207.10 crore; in Q2 FY27, revenue rose to ₹1,772 crore. PAT was highest in Q4 FY26 at ₹237.70 crore and lowest in Q1 FY26 at ₹96.60 crore; the latest quarter recorded ₹152.50 crore.
EBITDA margin peaked at 20.3% in Q4 FY26 and bottomed at 14.4% in Q2 FY27, down from 16.4% in Q1 FY27. Revenue and profit rose year on year in each of the last five quarters, although Q2 FY27 profit remained below the Q4 FY26 peak. The latest quarter therefore showed higher revenue and profit than Q1 FY27, with a lower margin.
How did other Plastic Products - Industrial companies do?
Among 21 Plastic Products - Industrial companies that filed this quarter, the median revenue growth was 31.4%. Nine peers grew more slowly than Astral and 12 grew faster. Astral’s Q2 FY27 revenue growth was 25.1% from Q2 FY26.
Of the 25 peers for which profit was compared, 14 reported higher profit. The peer figures were available as of 5 November 2026 and exclude Astral from the peer counts.
| Astral revenue growth (YoY) | +25.1% |
|---|---|
| Median of 21 other Plastic Products - Industrial companies | +31.4% |
| Companies with slower revenue growth than Astral | 9 of 21 |
| Companies with faster revenue growth than Astral | 12 of 21 |
| Companies whose net profit rose | 14 of 25 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Astral's revenue in Q2 FY27?
Revenue from operations was ₹1,772 crore, up 25.1% from ₹1,416 crore in Q2 FY26 (standalone).
Did Astral make a profit in Q2 FY27?
Yes. Net profit was ₹152.50 crore, against a net profit of ₹149.90 crore in Q2 FY26.
What was Astral's EPS in Q2 FY27?
Basic earnings per share were ₹5.68, against ₹5.58 in Q2 FY26.
When did Astral announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for To Consider And Approve The Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Second Quarter And Half Year Ended 30Th September, 2026 And Declaration Of Interim Dividend For The Financial Year 2026-27, If Any; (BSE, 29 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Held On 05Th November 2026 (BSE, 5 November 2026) · PDF
- Financial Result For The Quarter And Half Year Ended 30Th September, 2026 (BSE, 5 November 2026) · PDF
- Corporate Action-Board approves Dividend (BSE, 5 November 2026) · PDF
- Announcement under Regulation 30 (LODR)-Change in Management (BSE, 5 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.