Astral Poly Technik Q4 Review - Beat On All Fronts: ICICI Direct
A contractor makes a measurement while installing PVC pipe inside a home under construction. (Photographer: Daniel Acker/Bloomberg)

Astral Poly Technik Q4 Review - Beat On All Fronts: ICICI Direct


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.

ICICI Direct Report

Astral Poly Technik Ltd. has reported an all-round performance in Q4 FY21 with revenue and profit after tax coming in much ahead of our expectation.

Consolidated revenue growth at 79% YoY to Rs 1128 crore was ahead of our expectation of 36% growth.

This was mainly driven by strong performance of both piping and adhesive businesses.

Standalone piping revenue increased 80% YoY to ~Rs 910 crore supported by ~26% YoY growth in volume.

Strong demand from housing and construction segment helped drive volumes in Q4 FY21.

On the adhesive front, segment revenue growth at 78% YoY to Rs 241 crore was on a lower base and streamlining of distribution networks.

Click on the attachment to read the full report:

ICICI Direct Astral Q4FY21 Result Update.pdf


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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.