Astral Q2 Review - Strong Demand Outlook; Gross Margin To Recover In Q3: Systematix

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..Systematix Research Report.Astral Ltd.’s Q2 FY22 performance (revenue/profit after tax up 54%/63% YoY; 18.3% Ebitda margin) was a mixed bag with gross margin contracting by 511 basis points QoQ to 33.2% due to a delay in price hike to gain market share. Margins should recover in Q3 on a 12% price hike in October 2021. Revival in the housing sector, consolidation in the pipe industry and shift from poly vinyl chloride to chlorinated polyvinyl chloride due to narrowing price gaps augur well for Astral. Raw material availability has become another challenge, especially for small players. Adhesive business is well-placed with new launches and margin expansion. Most of the ongoing capex will be operational by Q4; a further investment is also planned considering a robust demand outlook in all its segments. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

Astral Q2 Review - Strong Demand Outlook; Gross Margin To Recover In Q3: Systematix

Astral Q2 Review - Strong Demand Outlook; Gross Margin To Recover In Q3: Systematix

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