BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Axis Securities Report
Astral Ltd. (formerly known as Astral Poly Technik Ltd.) delivered revenue growth of 23.2% in FY21, majorly driven by excellent volume and performance by both of its pipes and adhesives divisions.
The company’s focus on -added and higher-margin products along with the benefits of economies of scale helped it improve its profitability on a YoY basis.
Furthermore, leveraging its strong brand recall, Astral managed to pass on an increase in raw material prices to the end consumer, enabling it to sustain its margins.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR