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Astral (ASTRAL) investor relations material
Astral Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 17% volume growth and maintained an 18.2% EBITDA margin in Q3 FY26 despite industry volatility.
Consolidated revenue for the quarter ended December 31, 2025, was Rs. 15,415 million, up from Rs. 13,970 million YoY.
Net profit for the quarter was Rs. 1,077 million, compared to Rs. 1,126 million in the prior year quarter.
Expanded product portfolio and market share through new plants, product lines, and significant CapEx investments now yielding results.
ESG score improved from 48 to 60, well above industry average.
Financial highlights
Q3 FY26 total revenue: INR 1,541 crore, up from INR 1,397 crore YoY.
Q3 EBITDA: INR 247 crore, up from INR 231 crore YoY.
EBITDA for the quarter was Rs. 1,608 million, compared to Rs. 1,543 million YoY.
Pipes revenue: INR 1,072 crore (YoY growth), EBITDA: INR 195 crore.
Adhesives India revenue: INR 319 crore, EBITDA: INR 55 crore; UK revenue: INR 90 crore, EBITDA: INR 1 crore.
Outlook and guidance
Double-digit volume growth guidance for full year, with Q4 expected to be strong.
EBITDA margin guidance: 16%-18% for polymers, 12%-14% for adhesives and paint.
CPVC plant trial runs in Q3 FY27, commercial production in Q4 FY27, with full contribution from FY28.
Recent acquisitions are expected to contribute to future growth, though current period results are not fully comparable due to consolidation of new subsidiaries.
The impact of the new labour codes is expected to be non-recurring, with future effects to be evaluated as rules are notified.
- Q1 FY25 saw strong growth, high margins, and stable profits amid volatile input costs.ASTRAL
Q1 24/251 Feb 2026 - Margins held steady amid PVC volatility; Q2 profit rose and interim dividend declared.ASTRAL
Q2 24/2516 Jan 2026 - Q3 revenue and EBITDA grew, but consolidated net profit fell due to subsidiary and JV losses.ASTRAL
Q3 24/259 Jan 2026 - Strong segment growth and a Rs. 2.25 dividend highlight resilience amid industry volatility.ASTRAL
Q4 24/2526 Nov 2025 - Backward integration and new product growth drove Q1 profit of Rs 792 million on Rs 13,612 million revenue.ASTRAL
Q1 202623 Nov 2025 - 20% volume growth, strong margins, three acquisitions, and interim dividend declared.ASTRAL
Q2 20268 Nov 2025
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