Astral Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 30, 2024 at 04:01 pm IST
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Astral Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 13,702 million compared to INR 12,678 million a year ago. Revenue was INR 13,766 million compared to INR 12,658 million a year ago. Net income was INR 1,135 million compared to INR 930 million a year ago. Basic earnings per share was INR 4.23 compared to INR 3.46 a year ago. Diluted earnings per share was INR 4.22 compared to INR 3.46 a year ago.
For the nine months, sales was INR 40,163 million compared to INR 36,523 million a year ago. Revenue was INR 40,482 million compared to INR 36,724 million a year ago. Net income was INR 3,645 million compared to INR 2,509 million a year ago. Basic earnings per share was INR 13.57 compared to INR 9.34 a year ago. Diluted earnings per share was INR 13.57 compared to INR 9.34 a year ago.
Astral Limited is an India-based company, which is engaged in the manufacturing of chlorinated polyvinyl chloride (CPVC) pipes and fittings. The Company's segments include Plumbing, and Paints and Adhesives. The Company operates across seven sectors, encompassing pipes and fittings; water tanks; adhesives, construction chemicals and sealants; infrastructure; faucets and sanitaryware; paints, and specialized valves. In the pipes and fittings sector, the Company offers plumbing systems, drainage system, cable protection system, agriculture system, solvent cements and specialized fittings. In the water tanks sector, it offers roto molding tanks, blow molding tanks and loft tanks. In the infrastructure sector, it offers drainage, cable protection and PT duct system. In the faucets and sanitaryware sector, it offers faucets, sanitaryware, cisterns, showers and bathroom accessories. The Company offers protective coatings, industrial coatings and decorative coatings in the paint sector.