Astral Poly Technik Q4 Review - Another Strong Quarterly Performance On All Parameters: IDBI Capital

Range of PVC, CPVC pipes manufactured by Astral Poly Technik Ltd. (Source: Company website).

Astral Poly Technik Q4 Review - Another Strong Quarterly Performance On All Parameters: 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 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:

IDBI Capital Astral Q4FY21 Result Update.pdf

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