Ahmedabad, January 30, 2025 – Astral Limited (NSE: ASTRAL, BSE: 532830) announced its unaudited financial results for the third quarter and nine months ended December 31, 2024, showcasing a stable performance in revenue and profitability.
Standalone Financial Highlights (₹ in Million)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|
| Revenue from Operations | 12,705 | 12,301 | 12,429 | 37,536 | 36,153 | 51,034 |
| Total Income | 12,790 | 12,429 | 12,513 | 37,868 | 36,446 | 51,424 |
| Total Expenses | 11,096 | 10,782 | 10,902 | 32,804 | 31,522 | 44,073 |
| EBITDA | 2,251 | 2,179 | 2,054 | 7,000 | 6,366 | 9,092 |
| Profit Before Tax | 1,694 | 1,647 | 1,611 | 5,064 | 4,924 | 7,351 |
| Net Profit | 1,259 | 1,223 | 1,201 | 3,763 | 3,673 | 5,504 |
| EPS (₹) | 4.69 | 4.55 | 4.47 | 14.01 | 13.67 | 20.49 |
The company saw a
YoY revenue growth of 2.2% and a
QoQ growth of 3.3%. Profit before tax increased by
5.1% YoY, demonstrating a resilient operational performance.
Consolidated Financial Highlights (₹ in Million)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|
| Revenue from Operations | 13,970 | 13,704 | 13,702 | 41,510 | 40,163 | 56,414 |
| Total Income | 14,088 | 13,792 | 13,766 | 41,835 | 40,482 | 56,835 |
| Total Expenses | 12,545 | 12,304 | 12,227 | 37,173 | 35,559 | 49,498 |
| Profit Before Tax | 1,542 | 1,488 | 1,539 | 4,661 | 4,923 | 7,336 |
| Net Profit | 1,126 | 1,087 | 1,133 | 3,408 | 3,643 | 5,456 |
| EPS (₹) | 4.25 | 4.10 | 4.23 | 12.82 | 13.57 | 20.33 |
Astral’s
consolidated revenue grew 3.4% QoQ and was
flat YoY. Net profit slightly declined by
0.6% YoY, primarily due to foreign exchange fluctuations and increased costs in the Paints & Adhesives segment.
Segment Performance
| Segment | Q3 FY25 Revenue (₹ Mn) | QoQ Growth | YoY Growth |
|---|
| Plumbing | 9,901 | +2.4% | -0.8% |
| Paints & Adhesives | 4,069 | +0.7% | +9.3% |
The
Paints & Adhesives division registered a strong YoY growth of
9.3%, while the
Plumbing segment saw a minor decline YoY but remained stable QoQ.
Key Takeaways
- Revenue Growth: Strong YoY and QoQ growth in both standalone and consolidated revenue.
- Profitability: Marginal increase in profits, but foreign exchange fluctuations impacted consolidated results.
- Segment Performance: Paints & Adhesives led the growth, while Plumbing remained steady.
Management Commentary
"We have delivered a stable quarter despite global macroeconomic uncertainties. Our Paints & Adhesives division continues to perform well, and we are confident in our growth trajectory moving forward," stated the Board of Directors.
Strategic Outlook
- Expansion Focus: Continued investment in Paints & Adhesives, targeting market share growth.
- Operational Efficiency: Cost control measures to sustain profitability.
- Sustainable Growth: Strengthening market presence across international subsidiaries.
