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Astral Ltd - 4QFY21 Result Update by Mr. Amarjeet Maurya, Angel Broking
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Below are Views On Astral Ltd - 4QFY21 Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
During the 4QFY21, Astral Ltd (AL) reported revenue of ~Rs1,128cr (up ~79% YoY) on back of healthy volume growth in both segments like PiPe and Adhesive. On the EBITDA front, the company has reported an EBITDA margin at 23%, which is up by 520bps yoy due to lower operating costs. On the bottom-line front, PAT grew by ~241% to Rs176cr. Overall 4Q results were above expectation. Hence, we are positive on stock.
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