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.
IDBI Capital Report
Astral Poly Technik Ltd. ’s Q1FY22 result was below our and consensus estimates on key parameters.
Statewise lockdown amid second wave of Covid-19 weighed on product off-take which dented earnings of the company on a sequential quarter.
However, the growth has been robust on YoY on a low base of Q1 FY21.
The management guided that demand has back to earlier growth trend and net sales has picked up from July, 21 onwards.
Net sales improved by 73% YoY to Rs 7 billion, while Ebitda was up by 138% YoY to Rs 1 billion.
Astral reported net profit of Rs 0.8 billion, growth of 270% YoY.
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