Astral Poly Technik Q1 Review - Subdued Performance, Growth Trajectory Back On Track: IDBI Capital
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.
Click on the attachment to read the full report:
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.