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31-Jan-2024

Astral

Steady performance


'Astral consolidated net sales increased 8.08% to Rs 1370.2 crore during Q3FY24 compared to Q3FY23.  Sales of Plumbing segment rose 7.12% to Rs 998.10 crore (accounting for 72.84% of total sales).  Sales of Paints and Adhesives segment has gone up 10.74% to Rs 372.10 crore (accounting for 27.16% of total sales). 

Profit before interest, tax and other unallocable items (PBIT) has jumped 12.29% to Rs 161.70 crore.  PBIT of Plumbing segment rose 15.26% to Rs 128.40 crore (accounting for 79.41% of total PBIT).  PBIT of Paints and Adhesives segment rose 2.15% to Rs 33.30 crore (accounting for 20.59% of total PBIT). 

PBIT margin of Plumbing segment rose from 11.96% to 12.86%.  PBIT margin of Paints and Adhesives segment fell from 9.70% to 8.95%.  Overall PBIT margin rose from 1...



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