Astral Ltd

Astral Limited reported unaudited financial results for the quarter ended June 30, 2026. The company achieved a consolidated revenue growth of 15.9% to ₹15,780 million and EBIDTA growth of 25.8% to ₹2,440 million year-on-year. Profit Before Tax (PBT) surged by 48.3% to ₹1,628 million, and Profit After Tax (PAT) increased by 76% to ₹5,347 million. The Plumbing business saw a 10.1% revenue growth despite a weak industry demand, while the Paints and Adhesives business reported a 29.5% revenue increase. The company also provided updates on capacity expansion and new plant progress.

Astral Ltd announced that its Board of Directors has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results were considered and approved at a board meeting held on August 12, 2026. The company has submitted these results along with a limited review report from its statutory auditors, SR BC & CO LLP. The board meeting commenced at 3:00 p.m. and concluded at 3:45 p.m. The financial statements have been prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and comply with SEBI Listing Regulations.

Astral's consolidated revenue came in at ₹1,578.0 Cr, up 15.9% YoY (matching management's own release exactly), with PAT of ₹120.2 Cr, up 51.8% YoY. EBITDA of ₹244.0 Cr was up 25.8% YoY — again matching management's stated figure — with EBITDA margin expanding to ~15.5% from ~14.3% a year ago and net profit margin to 7.6% from 5.8%. Sequentially the quarter looks weaker, with revenue down 24.4% and PAT down 43.6% QoQ off Q4 FY26's seasonal peak (Q4 is typically the strongest quarter for plumbing/pipes ahead of the monsoon) — that QoQ drop is a seasonality artifact, not a demand signal, and the YoY read is the one that matters here. Plumbing, still roughly two-thirds of consolidated revenue, grew 10.1% YoY to ₹1,050.5 Cr with segment margin expanding sharply to 13.5% from 10.4% — the main profit driver this quarter. Paints & Adhesives revenue jumped 29.5% YoY to ₹527.5 Cr, but that growth is partly inorganic: Astral Chemie closed the acquisition of a 60% stake in Differentiated & Sustainable Solutions LLP (DSS, specialty chemicals) on June 11, 2026 for an upfront ₹39.1 Cr, and DSS is consolidated for the first time this quarter — the filing itself flags the segment as not comparable to previous periods. Segment margin in Paints & Adhesives actually compressed to 3.7% from 4.8% YoY, so this quarter's profit growth is a plumbing story, not a paints one. Actual results trail our own pre-result preview range (revenue ₹1,650-1,750 Cr, PAT ₹130-150 Cr): both the ₹1,578 Cr revenue and ₹120 Cr PAT came in below the low end. Public Q1-specific consensus was sparse per that preview, so this range is the best available yardstick, and the shortfall looks like a seasonality/timing gap rather than a demand problem given the strong YoY growth. Against management's own FY27 guidance from the May 2026 concall (8-10% piping volume growth, 15-20% adhesive/paint revenue growth, improving margins across segments, CPVC resin plant by Q4 FY27), the quarter is broadly on track — plumbing's 10.1% YoY growth sits near guidance and EBITDA margin expanded — but the Paints & Adhesives margin move is the wrong direction against management's explicit aim of improved segment margins and a positive-EBITDA paint business, even though that segment stayed EBITDA-positive. Management's own release ("Revenue Up 15.9%, EBITDA Up 25.8%") matches the reported YoY figures exactly and frames the quarter positively; the numbers support that read on a YoY basis. The board also approved a ₹2.50/share final FY26 dividend (record date Aug 14, 2026) and will hold its AGM on Aug 24, 2026 — routine items, not additive to the operating story. The next quarter's readthrough hinges on whether plumbing's margin gains hold post-monsoon and whether the newly consolidated DSS business lifts or continues to weigh on Paints & Adhesives profitability.

Astral Ltd has announced that its Board of Directors will convene on August 12, 2026. The primary agenda for this meeting is to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also informed that the trading window for dealing in its shares by designated persons, which closed on July 15, 2026, will remain shut until 48 hours after the declaration of these financial results, in compliance with insider trading regulations.

Astral Ltd has issued a communication to its shareholders regarding Tax Deducted at Source (TDS) on the final dividend for the Financial Year 2025-26. This communication, in line with the Income Tax Act, 2025, has been sent via email to shareholders with registered email IDs and is also available on the company's website. The filing serves as an informational record for shareholders concerning the TDS applicable to their dividend payments.

Astral Ltd has announced its 30th Annual General Meeting (AGM) to be held on Monday, August 24, 2026, at 11:00 a.m. via Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The company has also submitted its Annual Report for FY 2025-26 and the Notice of the AGM, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders can participate in remote e-voting from August 21 to August 23, 2026. The cut-off date for determining eligibility for e-voting and attending the AGM is August 17, 2026. The report highlights the company's growth strategy, financial statements, and corporate governance.

Astral Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, in compliance with SEBI regulations. The report details the company's corporate identity, business activities, operations, and employee data. Key disclosures include its CIN, incorporation year, registered and corporate addresses, and contact information for queries. The reporting is on a standalone basis, with environmental KPIs covering 18 manufacturing plants. The company's primary business activities are the manufacturing of pipes, fittings, and adhesives, contributing 98% to turnover. Products include plastic pipes and fittings (79% of turnover) and adhesives (21%). Astral serves 28 states and 8 union territories nationally, and 40 countries internationally, with exports accounting for 2% of turnover. The report also provides employee and worker statistics, including details on differently-abled individuals and the representation of women on the Board of Directors and Key Management Personnel.

Astral Ltd has announced Friday, August 14, 2026, as the 'Record Date' for determining shareholder entitlement to the Final Dividend for the Financial Year 2025-26. The dividend proposed is ₹2.50 per equity share (250% of face value). This dividend, if approved by shareholders at the upcoming Annual General Meeting, will be paid after August 24, 2026, subject to applicable tax deductions at source. The company has made this intimation as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Astral Ltd has announced its 30th Annual General Meeting (AGM) will be held on August 24, 2026, at 11:00 a.m. via Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The company will present the Audited Standalone and Consolidated Financial Statements for FY 2025-26, along with the Board and Auditor reports. Key agenda items include confirming interim dividends and declaring a final dividend for FY 2025-26. The reappointment of Mr. Hiranand Savlani as a director retiring by rotation is also on the agenda. A significant special business item is the proposed re-appointment of Mr. Sandeep Engineer as Managing Director for a further five-year term from April 1, 2027, to March 31, 2032, even though he will attain the age of 70 during this tenure. His remuneration package and incentive structure are detailed. The cut-off date for remote e-voting and AGM attendance is August 17, 2026, with remote e-voting open from August 21 to August 23, 2026.

Astral Ltd has decided to withdraw its Composite Scheme of Arrangement following a comprehensive review. An independent consultant recommended against proceeding with the scheme in its current form, citing the current scale of the Chemical Business. The Board considered feedback from stakeholders and the prevailing business environment. The company stated that the demerger of the Chemical Business may be considered once it achieves greater scale and financial strength. Astral remains committed to enhancing shareholder value and will explore other strategic initiatives.