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 Q2 FY21 result was ahead of our and consensus estimates on key parameters.
Strong demand in plumbing pipes led to healthy sales growth, while better product mix and prudent cost savings aided Ebitda margin.
Net sales improved by 10.1% YoY to Rs 7.4 billion, Ebitda was up by 20.7% YoY to Rs 1.4 billion.
The management guided that strong recovery in demand post a subdued Q1 FY21 led to higher sales volumes in piping industry.
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