Astral Poly Technik Q4 Review - Another Strong Quarterly Performance On All Parameters: 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 Q4 FY21 result was a beat to our and consensus estimates on key parameters.
Strong demand in both pipes and adhesive segment led to healthy net sales growth, while cost cutting measures supported margins improvement.
Net sales improved by 79.3% YoY to Rs 11.2 billion, while Ebitda was up by 126% YoY to Rs 2.5 billion.
The company reported net profit of Rs 1.7 billion, growth of 241.3% YoY.
Though there is marginal weakness in demand in April 2021 due to Covid-19 led state wise lockdown, the management remained confident to grow as things normalise.
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.