Astral Poly Technik - Good Q3 Led By Strong Demand Revival: IDBI Capital 
Truck driver delivers PVC pipe to a residential housing lot under construction. (Photographer Luke Sharrett/Bloomberg)

Astral Poly Technik - Good Q3 Led By Strong Demand Revival: IDBI Capital 

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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 Q3 FY21 results were ahead of our and consensus estimates on key parameters.

The company reported 15% volume growth, supported by pent-up demand and opening up of key cities post unlocking activities.

Further, pipes division reported 16% net sales realization growth aided by better product mix.

Net sales improved by 35.1% YoY to Rs 8.9 billion, Ebitda was up by 62.4% YoY to Rs 1.9 billion.

The company reported net profit of Rs 1.2 billion, a robust growth of 80.9% YoY.

Click on the attachment to read the full report:

IDBI Capital Astal Poly Technik Q3FY21 Result Update.pdf

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