ALFA Finder
The call ran from 8:01 PM to 9:02 PM IST (1 h 1 min).
Key takeaways
Consolidated Q2 revenue ₹1,988 Cr, +26% YoY, EBITDA margin 13.7%. H1 revenue +21.4%, margin 14.5%. Plumbing margin sits in guided range, but adhesive India, UK and paint are below guidance. Net profit not disclosed.
| EBITDA Margin: guided vs achieved | 17.40% achieved Guided 16.00%–18.00%, -3.3% above the top of the range |
|---|
| Revenue growth | Consolidated Q2 +26% YoY; H1 +21.4%; volume-led plumbing growth. |
|---|---|
| Margins | Plumbing H1 17.4%; adhesive India 11.5%; paint negative Q2. |
| Demand visibility | Record October sales; double-digit volume momentum expected Q3-Q4. |
| Management confidence | Over-optimistic: repeated H2 recovery claims despite below-guide margins. |
Growth
Q2 revenue +26% YoY; H1 +21.4%. Plumbing H1 volume +10.1%, value growth higher. Paint Q2 +44%, from a small base.
Outlook
Plumbing FY27 EBITDA ~₹1,050 Cr; total ~₹1,250 Cr. FY27 capex ~₹400 Cr. Plumbing volume 2.90-3.00 lakh tonnes.
Risks
Adhesive India margin 11.5% H1 vs 14-15% guidance. Paint Q2 EBITDA negative. Opex up ~19-20% YoY. Polymer and crude volatility.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Astral Q2 FY27 Results: Net Profit ₹127.3 Cr, Down 5.6% YoY
Astral Ltd reported revenue from operations of ₹1,988 Cr (+26.0% YoY) and net profit of ₹127.3 Cr (-5.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹127.3 Cr · -5.6% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Guided double-digit volume growth; value growth over 20% for FY27 with EBITDA margins between 16-18%.
Growth they described
10.1% plumbing value growth; adhesives grew 24.9% (India) and 26% (UK). Paints surged 48.7%.
Call details
| Company | Astral Ltd |
|---|---|
| NSE symbol | ASTRAL |
| ISIN | INE006I01046 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 8:00 PM IST |
| Length | 1 h 1 min |
| Audio | Our stream on YouTube ↗ |
Astral Ltd: key numbers
- Share price
- ₹1,253.60
- Market cap
- ₹33,678 Cr
- Revenue (annual)
- ₹6,569 Cr
- Net profit (annual)
- ₹536.6 Cr
- P/E (TTM)
- 59.3×Sector 50.0×
- Promoter holding
- 54.22%+0.00% QoQ
- FII holding
- 11.09%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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