Astral Limited Earnings Summary — Q1 FY2027
Astral Limited Delivers Strong Revenue Growth Led by Paints and Adhesives Diversification
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 24.4% sequentially in Q1 FY2027.
- Revenue of ₹1,578 Cr is 15.9% higher year-on-year.
- Revenue has compounded at -1.3% annualised over the last 10 quarters.
- Net profit of ₹120 Cr is 48.2% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at -16.8% annualised across the period.
- Operating margin stands at 14.7% in Q1 FY2027.
- Operating margin expanded by 107 bps year-on-year.
- Over the last two years operating margin has contracted by 85 bps.
- PBT margin is 10.3%.
- Expense growth of 14.5% remained below revenue growth of 15.9%.
- Operating profit of ₹231 Cr is 25.0% higher year-on-year.
- Operating leverage continues to improve.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 57/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 1,578 | 2,089 | 1,542 | 1,577 | 1,361 | 1,681 | 1,397 | 1,370 | 1,384 | 1,625 |
| Expenses | Stable | 1,347 | 1,706 | 1,304 | 1,321 | 1,176 | 1,380 | 1,178 | 1,160 | 1,169 | 1,334 |
| Operating Profit | Improving | 231 | 383 | 237 | 257 | 185 | 302 | 219 | 210 | 214 | 291 |
| Operating Margin | Stable | 14.7% | 18.3% | 15.4% | 16.3% | 13.6% | 18.0% | 15.7% | 15.3% | 15.5% | 17.9% |
| Other Income | Volatile | 13 | 11 | -7 | 11 | 9 | 9 | 12 | 9 | 12 | 10 |
| Interest | Improving | 6 | 24 | 13 | 16 | 12 | 10 | 14 | 10 | 8 | 8 |
| Depreciation | Improving | 75 | 74 | 73 | 72 | 72 | 65 | 63 | 60 | 56 | 53 |
| Profit Before Tax | Volatile | 163 | 297 | 144 | 180 | 110 | 236 | 154 | 149 | 163 | 241 |
| Tax | Volatile | 43 | 84 | 37 | 45 | 31 | 58 | 42 | 40 | 44 | 60 |
| Net Profit | Volatile | 120 | 213 | 108 | 135 | 81 | 179 | 114 | 110 | 120 | 182 |
| Net Margin | Stable | 7.6% | 10.2% | 7.0% | 8.6% | 6.0% | 10.7% | 8.2% | 8.0% | 8.7% | 11.2% |
Key Takeaways
- Consolidated revenue grew 15.9% YoY to ₹15,780 million, driven by strong performance in both Plumbing and Paints/Adhesives segments.
- The Paints and Adhesives segment outperformed with 29.5% YoY revenue growth, reaching ₹5,275 million.
- The Plumbing segment remains the primary contributor with ₹10,505 million in revenue, showing 10.1% YoY growth.
- Consolidated Net Profit jumped 51.8% YoY to ₹1,202 million, benefiting from the absence of exceptional items compared to previous quarters.
- Astral Chemie Limited completed the acquisition of a 60% stake in Differentiated & Sustainable Solutions LLP (DSS) for ₹391 million during the quarter.
- The company maintains a strong balance sheet with standalone cash and bank balances supporting its expansion into specialty chemicals.
- Segment margins improved YoY, with Plumbing PBIT margin rising to 13.5% from 10.4% in the same quarter last year.
Management Guidance
Management remains focused on transforming Astral into a multi-category building materials conglomerate. The recent acquisition of DSS highlights a strategic pivot toward high-performance specialty chemicals, coatings, and energy segments. Guidance suggests continued market share gains through distribution network expansion and aggressive brand building in the newer bathware and paints categories.
Sentiment Shift
Improving
Year-on-year growth is accelerating across segments, particularly in the high-margin Paints and Adhesives business, though seasonal sequential dips are noted.
Outlook
The outlook is bolstered by strong housing and infrastructure demand. Integration of the DSS acquisition is expected to provide technological synergies in specialty chemicals. While raw material volatility remains a risk, the company’s increasing diversification and strong pricing power position it for steady long-term compounding.
From the Annual Report (Key Quotes)
“Astral Chemie Limited has made upfront payment of Rs. 391 millions for acquisition of 60% partnership interest in Differentiated & Sustainable Solutions LLP.”
“The financial results including segment information for the current quarter includes financial information of DSS and hence, not comparable to the previous reported periods.”
“Plumbing segment includes Pipes & Fittings, Water Tank, Bathware; Paints and Adhesives includes Specialty & Performance Products.”
Official Quarterly Documents
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This summary is AI-generated from Astral Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.